Posted by Richard on February 8, 2018
One of the biggest lessons of the recent economy is that many people who thought they were financially ready for retirement…weren’t. The amount of money, investments and government support you’ll need to retire comfortably is as individual as you are. Some people plan to work in retirement. Others have health issues or other financial responsibilities […]
Read More →Posted by Richard on January 4, 2018
Tech stocks weren’t born during the dot-com boom of the 1990s. In fact, many of today’s biggest publicly traded technology companies got their starts decades earlier. One of the most storied names in Big Tech dates back more than a century. The surprising longevity of many of the top tech stocks, combined with their explosive […]
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As the U.S. Treasury winds down the myRA program, investors must move their money. But myRA participants will retain tax advantages and gain more investing options by switching to another Roth IRA. Q I read that the Treasury Department is discontinuing the myRA program. What happens to people who had these Roth IRA accounts? A. […]
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Newlyweds can suddenly become ineligible for Roth IRAs once their incomes are combined, although couples may still invest in them indirectly. Q. I’m getting married next month, and when we add up my income and my wife’s, we’ll earn more than the limit to contribute to a Roth IRA. But I’m below the income limit […]
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Finding a new job later in life can present some challenges when it comes to age discrimination. Here’s how to combat them. Older workers who are job hunting, perhaps to switch careers or pursue “bridge” jobs before full retirement, have a wealth of experience to draw on. But how can you ensure that the positive […]
Read More →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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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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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 […]
Read More →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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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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