Here’s how to fix the issue and stay out of tax trouble. This is part of a series on Roth IRAs: What to Do and Not Do When Investing and Trading. You can save for retirement by putting money into a Roth IRA, but if you put too much money into it in one year, … Read more
WASHINGTON, D. C. — Three in four retired Americans say they have enough money to live comfortably, consistent with retiree perceptions across the 23 years Gallup has tracked views on retirement in its Economic and Personal Finance surveys conducted each April. This generally positive view of retirement is different from what people who haven’t retired … Read more
So you just found out you’ve been named in someone’s will First off, don’t start shopping for that yacht just yet! As someone who’s helped dozens of folks through this process, I can tell you that inheriting isn’t exactly like what you see in the movies. There’s no dramatic “reading of the will” where you … Read more
Let’s be honest – thinking about your pension isn’t exactly exciting, is it? But here’s the thing – the decisions you make today could be the difference between a retirement filled with worry or one where you can actually enjoy yourself I’ve been researching pension strategies for years, and I’m gonna share some practical ways … Read more
Owing money that you cant afford to pay can put you in a stressful position, and things can feel even more dire once debt collectors start calling. After all, debt collectors have a lot of tools at their disposal to try to get you to pay what you owe. These include lawsuits that can lead … Read more
Making tax-free withdrawals from a Roth IRA depends on when — and what — you’re withdrawing. Otherwise, taxes and penalties could apply. The products shown on this page are mostly or entirely from our advertising partners. They pay us when you click on one of their links and then do something on our site. However, … Read more
From its beginnings in the days of President Franklin Roosevelt, Social Security has held fast that spouses and ex-spouses have a claiming right to retirement benefits. It’s also helpful to know how Social Security can give you a guaranteed income in retirement, maybe even more than you thought. This is especially true if you are … Read more
Keep this ten-year retirement planning checklist on hand as you navigate saving, investing and other retirement decisions. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Are you ready to retire? Have you even started a retirement planning checklist? By 2030, one out of five Americans … Read more
The SSI and SSDI disability programs offer benefits for disabled or blind people. However, the financial eligibility requirements are different. The main difference between Social Security Disability (SSDI) and Supplemental Security Income (SSI) is the fact that SSDI is available to workers who have accumulated a sufficient number of work credits. People from low-income families … Read more
Are you turning 65 this year? If youve been looking forward to receiving your full Social Security benefits, youve still got a couple of years to wait. That goes for the record number of other Americans who will be 65 years old in 2025. Congress passed a law in 1983 to gradually raise the full … Read more