Retirement

Anyone, and I mean anyone, can become a 401(k) millionaire if given enough time. According to Fidelity, the number of 401(k) millionaires on their platform has grown an astounding 25% this year. That doesn’t include all retirement account millionaires (those combining assets in all their retirement accounts). Keep reading as we share the reasonably easy

American families are often scattered across the country. Kids grow up, find opportunities they like in other places and move away. The parents may stay put, happy to remain where they’ve lived most of their lives. Then aging happens. And with it, risks no one really thought about. At AgingParents.com, where we advise families about

The retirement savings landscape experienced a radical transformation with the enactment of the SECURE Act 2.0 at the end of 2022. This groundbreaking legislation introduced a wave of changes, setting new precedents for retirement savings programs, most notably for Roth 401(k) account holders. The Act is considered a significant leap forward, encouraging more Americans to

In a long-awaited and highly controversial decision, the federal Centers for Medicare and Medicaid Services (CMS) has proposed that nursing homes provide at least three hours of staff time daily for every patient or resident. Would it meaningfully improve care at nursing facilities? Not by much. The rule would require facilities to provide enough staff

Last week, I shared a post translating the whole of financial planning into the language of life, suggesting that all the jargon, products, pitches, services, and strategies can be beneficially simplified into a four-quadrant approach that imputes more meaning into our money management: Live – Provide a predictable source of income to ensure provision in

I’ve been covering the live, retire, and do business abroad beat for more than three decades now and there are some questions that come up more than most. Chief among them: Can I bring my pet overseas? According to 2023 figures, 66% of U.S. households and 60% of Canadian households own a pet. Numbered among

Scammers lie in wait, looking for ways to rip off folks after every weather or other natural disaster. It may be terrible wildfires, hurricanes, massive storm surges and loss of life that grab media attention. Everywhere, legitimate charities appeal for donations to help those affected and many respond. But, some scammers seize the moment when

Stock markets smile when job markets frown. Except for workers, almost everyone is happy about today’s jobs report. Wealthy owners of equities see stock values rise when workers are hurting; the soft labor market means to investors workers won’t have power to drive up wages and the Fed will slow down interest rate hikes. Just

The Biden administration has announced its list of the first 10 drugs that will be subject to price negotiations, a step allowed for the first time when Congress passed last year’s Inflation Reduction Act. The Pharmaceutical Manufacturers’ Association (PhRMA), the main drugmaker lobby, blasted the law. No surprise there. But its reasoning is evidence of

Summer 2023 has been the season of international travel for Americans, who have touched down in Europe and the Pacific in record numbers. American arrivals in Europe are expected to surpass last year’s numbers by 55%, and the season isn’t over yet. The top places U.S. travelers are visiting are London, Paris, Rome, and Dublin,