Does anyone ever wonder what will happen to them emotionally when they retire? I know I did. After years of writing about the transition to retirement for our blog, I’ve learned that retirement isn’t just about having more money; it’s also a deep psychological journey that can change who you are. Terry Mitchell, a retired … Read more
Can you save for the future and get a tax break? TFSAs and RRSPs both offer tax advantages that can help you achieve your saving and investing goals. Which one is best for you? It’s not always clear-cut how to protect your income, but you can use both a TFSA and an RRSP as part … Read more
Putting your life insurance in a trust is one of the best ways to make sure your family will be taken care of after you die. Your life insurance policy is a significant asset. By putting life insurance in trust you can manage the way your beneficiaries receive their inheritance. Here, we take you through … Read more
I kind of like the title of this article. Only one actual word (after the “intro”)…everything else is an acronym or made-up word. So, let’s first define the acronyms: As a military retiree or federal employee with military connections you’re in a unique position when it comes to healthcare options. Having access to both TRICARE … Read more
This information comes from the National Academy of Social Insurance to help people learn more about Social Security, which is still a big part of how Americans and their families can plan for their retirement. We encourage you to use the information on our site to increase your familiarity with social insurance programs as they … Read more
Roth IRAs for kids are a great retirement tool, because children have decades for their contributions to grow tax-free, and contributions can be withdrawn tax-free and penalty-free at any time. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our … Read more
You don’t just say “I do” and live happily ever after when you get married. When two people get married, they don’t just join their hearts; they also join their wallets! As someone who has helped many newlyweds figure out their finances together, I can say from personal experience that marriage changes the way people … Read more
Giving to a loved one or charity can be one of lifes greatest joys. But when it comes to gifting, there are some key issues, including potential tax implications, that youll want to keep in mind in order to make the most of your gift. Because giving gifts can’t be taken back, you should think … Read more
NOTE: The Social Security Fairness Act was signed into law on January 5, 2025. As a result, the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) have been repealed. This article reflects information prior to the repeal and may no longer be applicable. If you have to deal with the Windfall Elimination Provision … Read more
Trusts can be an excellent way to manage your assets and protect your family. However, if you are considering selling a house in a trust, it can be difficult to know where to start. This is because there are specific procedures that must be followed to complete the sale. Itâs not a question of simply … Read more