Important information – the value of investments and the income from them, can go down as well as up, so you may get back less than you invest. Most of us know we need to save for our future – but how much is enough? There are several ways you can answer that question. You … Read more
If you get monthly Social Security benefits, your Medicare premiums may be taken out of your Social Security check automatically. The amount of the deduction depends on which Medicare plans you have and your income. What You’ll Find in This Article Ever opened your Social Security check and wondered where some of your money went? … Read more
If you’ve inherited a 401(k), your options depend on a variety of factors, including but not limited to the plan’s rules, your relationship to the account owner, the age of that owner at the time of their death, and whether they began taking required minimum distributions (which start at age 73). Spouses have more options … Read more
There’s no one right way to save for retirement. There are many possible strategies to help maximize your efforts. One way to save more each year is to contribute to a Roth IRA in addition to an employer’s 401(k) plan. Not only is having both a Roth IRA and a 401(k) allowed by the IRS, … Read more
Many people believe that inheritance money is automatically protected during a divorce. However, this is far from true. In reality, UK divorce law takes a much more nuanced approach to asset division, and some of the most common misconceptions could quickly lead to costly mistakes. In this article, we debunk the ten biggest myths among … Read more
Find out when US workers are retiring, and learn how to determine the best retirement age for you. Are you like most people who have started to think about retirement? You may have already looked online to see how your savings compare to those of other people your age or at retirement. Theres another piece … Read more
Have you ever worried about losing your hard-earned pension to creditors? You’re not alone. As retirement approaches, many folks start to wonder if their nest egg is truly secure. Let’s dive into this important topic and clear up some confusion. The Basic Protection: ERISA as Your Shield Good news! Your pension benefits are generally protected … Read more
Have you ever wondered if that inheritance your distant uncle might have left you could just disappear if you don’t claim it quickly enough? Maybe you’ve heard stories about forgotten fortunes that vanished because someone waited too long. The question “does inheritance expire?” is more common than you might think and the answer isn’t as … Read more
Is Social Security taxed after age 70? Your need to pay taxes on Social Security benefits depends on your income and filing status rather than your age. The new Senior Deduction included in the One Big Beautiful Bill will lower taxes for many seniors and might make it so that you dont have to file. … Read more
Partial or full Roth conversions require a multifaceted analysis. The strategy is heavily dependent on individual circumstances, and changes incorporated in the SECURE Act — including modifications to the required minimum distribution (RMD) rules and tax implications for beneficiaries who inherit an IRA or Roth IRA — make this a good time to consider the … Read more