Retirement

One of the reasons that managing our money can be so challenging is that most of the guidance offered is in a different language. It’s a language created by financial companies selling products, financial regulators reining in the financial companies, personal finance gurus developing a schtick for sale, and the IRS with its endless string

Do you know how much you need to retire? It’s a question people ask themselves all the time. If you think it’s a challenge, you’re not alone. “People don’t know how much they need at all,” says Michelle Richter-Gordon, co-founder of Annuity Research and Consulting in New York City. “They also don’t know when they

Far too many people don’t start thinking about retirement until it’s too late to do anything about it. But is it ever really too late? And when you do begin to contemplate what retired life means to you, are you looking at the right things? What do people think they need to retire? Let’s start

By Mark A. Stein, Next Avenue Theresa McCartin was looking forward to the new year. She had left a steady corporate job and was eager to start her own business cleaning and restoring expensive Oriental and Persian rugs. She called her startup Bal Arisi, Turkish for honeybee. Bal Arisi opened for business on January 3,

Many financially comfortable older parents are urged to prepare their heirs to receive their inheritances. How will the adult children know how to manage all those assets? How will they make important decisions about preserving what their aging parents worked so hard for so long to achieve? Some advisors say “tell them what you’ve got

By Richard Eisenberg, Next Avenue Giving your grandchild a new toy or game or clothes is nice. But helping pay for their future college education? Now, that’s a gift your grandkid and their parent — your adult child — will never forget. One smart way to do it: Opening and funding a 529 college savings

Share to Facebook Share to Twitter Share to Linkedin For some investors, getting paid while they own a security, instead of just when they sell it, is a priority. For those investors, dividend investing can have tremendous appeal. Dividend investing involves investing in stocks, but with a particular focus on the regular distribution of a

Share to Facebook Share to Twitter Share to Linkedin In December 2018, you could buy a share of Apple (AAPL) for about $40, adjusted for the 2020 stock split. Today, that share is worth upwards of $175. Look back further in time and you’ll see, this isn’t an anomaly. The iPhone maker has a long

Share to Facebook Share to Twitter Share to Linkedin For most people, portfolio income is their pathway toward financial freedom. Money saved during the working years can be used to create an investment portfolio that can then generate income during retirement. In this article, we’re going to show you how to create an income-producing portfolio.

The federal agency that operates Medicare, the Centers for Medicare and Medicaid Services (CMS), is finally recognizing what families have known for, well, thousands of years: Family members are the bedrock of the system of care for frail older adults and younger people with disabilities. And the agency is taking some important steps to help