Using Flexible Spending Account Dollars at the Drugstore

Posted by Richard on December 5, 2017

The rules changed a few years ago to limit use of tax-free FSA money for nonprescription drugs, but there are plenty of items you can still buy without a prescription.  Q. I know that the law changed a few years ago so you can no longer use tax-free money from a flexible spending account for […]

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12 Strategies to Generate Income in Retirement

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When it comes to saving for retirement, maybe you’ve done everything right. You started early, maxed out your 401(k) plan, invested in a diversified portfolio and avoided costly mistakes, such as cashing out your retirement plan. Fantastic. But now comes the hard part: making sure you don’t outlive your money. That’s a tall order for […]

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How to Retire During a Volatile Stock Market

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After a long stretch of calm and a relentless rally, the stock market could be headed for trouble. Stock market corrections, typically defined as a loss between 10% and 20% from the peak, occur about every two years, on average. The last one began in May 2015, so we’re due. The S&P 500 trades at […]

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What To Do After Inheriting An IRA

Posted by Richard on November 2, 2017

Heirs must begin taking withdrawals once they inherit an IRA, but how they choose to make those distributions can have a big impact on their account balance over time. Q. My mother just passed away at the age of 60. She has $110,000 in a traditional IRA, and my sister and I are the beneficiaries. […]

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Create A Contract For Family Care

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Family caregiver contracts can range from informal to complex professional contracts drawn up by lawyers. Here’s what you should know to decide what’s best for you. When the caregiver whom Amy Goyer, of Phoenix, hired for her 93-year-old father seemed particularly tired recently, Goyer realized she had been so busy she wasn’t aware her employee […]

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10 Best College Majors For A Lucrative Career

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College is often considered the surest path to a lucrative career. After all, according to the U.S. Bureau of Labor Statistics, a worker with a bachelor’s degree typically earns two-thirds more than someone with just a high school diploma. But not all college degrees are created equal. “Increasingly, students want to understand the career and […]

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The Consumer is Looking Better

Posted by Richard on October 10, 2017

Kiplinger’s latest forecast on retail sales and consumer spending: GDP *2.1% pace in ’17, 2.4% in ’18 JOBS *Hiring pace should slow to 175K/month by end ’17 INTEREST RATES *10-year T-notes at 2.4% by end ’17 INFLATION *2.0% in ’18, up from 1.4% in ’17 BUSINESS SPENDING *Rising 3%-4% in ’17, after flat ’16 ENERGY […]

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11 Tricks to Shopping at Amazon’s Whole Foods Without Going Broke

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With online megaretailer Amazon.com now firmly in control of Whole Foods, ways to save money at that grocer are growing exponentially. Amazon purchased Whole Foods for $13.7 billion and, as of August 28 its first day of ownership, slashed prices on an array of items (and promised more were to come). They include organic rotisserie […]

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Give Your 401(k) a Midyear Checkup

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Now is a good time to review your 401(k) contributions to make sure you’re getting your employer’s full match. Q. I’ve been contributing to my 401(k), and my employer matches a portion of my contributions. Does the $18,000 maximum for contributions include the employer match, or does it apply only to my individual contributions? Is […]

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3 Greatest Retailer Stocks of All Time

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The emergence of big-box chain stores and the explosion of e-commerce have combined to wreak havoc on the landscape of modern retailing. Storied names such as Sears and Kmart are struggling to survive; others, such as RadioShack and Circuit City, couldn’t. But three retailers, in particular, have not only survived but thrived for decades in […]

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