Curated articles and podcasts from trusted financial experts and real retirees.
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These core estate planning documents will spare your loved ones from court hassles and help ensure your financial and medical wishes are carried out.
Accumulating tens of millions in a mega-retirement account is impressive, but preserving that wealth across generations requires moving beyond standard IRAs.
Let's think about if becoming an S Corp would be a a great cost-saving measure for you or if it would be an unnecessary and costly election. The post When an S Corp Saves Taxes and When It Doesn’t app...
Many doctors might not be getting big chunks of money they've earned, due to complex coding rules. I used to be one of those people. The post Getting Full Credit for the Work You Already Do (and Getti...
Talking with hospice physician, author, and podcaster Dr. Jordan Grumet about how third parties that provide no direct patient care are extracting enormous profits from the system. He and Dr. Jim Dahl...
So much of our energy has been focused on getting rid of our student loans, and we often dreamed about our doctor house. We're still waiting. The post We Still Don’t Have the Doctor House We Promised ...
Receiving an inheritance in your 50s or 60s? Find out how to use the Great Wealth Transfer to buy back your time, pivot careers or fund family memories.
Joy Taylor answers questions from readers on federal and state estate taxes.
David Booth’s Stay Calm lays out the latest, highly convincing case for sticking to indexing and doing less as an investor. The post The calming genius of passive investing appeared first on MoneySens...
Medicare Open Enrollment for Part D drug plans in 2027 looks to mean fewer plans and higher premiums.
When I first heard about the Trump accounts, my first questions were: Is this a trick? Is this a scam? Is this thing designed to steal people’s money and put it into TrumpCoin? And apparently, I wasn’...
The IRS proposed rules that would let donors gift stock to Trump accounts and request comments on the strict minimum holding period for beneficiaries.
While rollover assets increase with retirement savers' age, many rollover transactions occur well before retirement, according to new data and a panel of six experts. For financial advisors, that pres...
Forbes' expert personal finance contributors explain how Trump Accounts work, their benefits and trade‑offs.
What if retirement isn't the end of your story, but the beginning of one of its most meaningful chapters? Best-selling author Bruce Feiler explores how to rediscover purpose, identity, connection, and...
Even wealthy pre-retirees worry about financial security in retirement. That's because peace of mind requires an income strategy, not just a high net worth.
Thankfully, not all the money you receive in retirement is subject to federal income tax.
Hospice is often viewed as a surrender or a last resort for a loved one's final days. In fact, it can be taken up sooner, improving life when time is limited.
Peter Lazaroff, Chief Investment Officer of PlanCorp and author of The Perfect Portfolio, joins Roger to explore what makes a portfolio “perfect.” The answer isn’t a mathematically optimized portfolio...
In a recent podcast, I talk with Robert Espinoza, the founder of The CareWorks Project, about his mission to improve the quality and delivery of long-term care. He points out that our current system w...
Social media and online communication have made it easier to connect with family and friends, but it's also opened up new ways for criminals to access your hard-earned money. On this episode of the Fi...
Most investors need growth assets to help their retirement portfolios stay ahead of inflation.
A tax planning strategy that combines direct indexing and tax-loss harvesting could help retirees minimize what they pay Uncle Sam and keep more of their wealth.
Higher estate tax exemptions may be presented as "permanent," but relying on tax rules to stay the same — and not regularly updating your estate plan — is risky.
You can secure your children's future without giving them unrestricted access to a windfall. Protect your legacy from poor decisions and creditors.
I am will retire in about 7 years. Retirement will be a lot easier if I unload my HCOL home with its high property taxes once I retire. But honestly, I love my house and think it would be worth living...
Retirement seems to be the main topic when we get together with friends these days and the top answer to the "what are you planning to do when you retire" question is always travel. I (62f) used to al...
I just turned 65, work in an area related to digital marketing (I've been in the digital content/media world since the early 90s - almost as long as it's been "a thing"). Things have been very signifi...
I have more than 40 financial accounts across four people to manage. More accounts means more questions. Can we spend more? Are we missing a tax opportunity? Does an investment still make sense given ...
Medicare expects stand-alone Part D premiums to rise by less than $1 in 2027 as it phases out temporary insurer subsidies.
Successfully transferring generational wealth means preparing heirs, protecting your assets and treating estate planning as an ongoing family conversation.
In their "bridge to wealth" study, Cerulli Associates and Morningstar look at how advisors can turn defined contribution plan participants into individual wealth management clients.
With all the hype about AI, I initially expected using it to feel like… well, magic. When I encountered wrong answers and occasional responses that made no sense, I felt […] The post AI Tools – Like a...
Episode 535 00:00 Introduction 02:09 2017 comparison to today’s market 04:03 Planting a Garden Portfolio 06:32 Netflix Potential 07:23 Canadian Pacific Kansas City 08:08 Utility Stocks 09:04 Nucor 09:...
The leaves are changing. Sweaters are coming out of closets. Ghosts and monsters are popping up in neighborhood yards. And the Social Security Administration is about to announce the cost-of-living ad...
Have you ever had a termite infestation? You likely didn’t realize you did until it was too late. For months ... Read more
Test your knowledge of essential Medicare Part D concepts with this quick quiz before reviewing your prescription drug options this fall.
Just like a good coach looks beyond the scoreboard to prepare for the next game, successful retirement planning requires regular evaluation.
If you fear losing your job later in life, stay one step ahead by budgeting, stress-testing your retirement plan and investing in your professional network now.
Before you splurge, learn where to park your cash, the rules for inherited IRAs and 401(k)s and how to avoid costly tax mistakes on a $1 million windfall.
Conflict among adult children over their parents' estate is all too common — and Mom and Dad’s worst nightmare. Here's how to ensure the kids won’t fight after you’re gone.
Retirement planning often begins with a financial question: Will I have enough money? But once the paycheck stops and the financial pieces are in place, another question can become just as important: ...
Schedule a Free Financial Assessment with an experienced professional: https://bit.ly/YMYWassessC Joe Anderson, CFP® and Big Al Clopine, CPA are spitballing on whether Roth conversions actually pay of...
What ratio of Roth to traditional to taxable should you be picking? After a great deal of study and calculation, we have the correct answer. The post The Ideal Mix of Roth, Tax-Deferred, and Taxable A...
Takeaways Most 401(k) plans let you change your investments online at any time, though some funds may limit frequent trading. Changing where future contributions go and changing how your current balan...
One of the reasons I accepted Portfolio Penguin's book deal in 2019 was to demonstrate to my kids the importance of work. Not working sets a bad example if you are a FIRE parent. If I spent two and a ...
Eligible education workers can contribute to 403(b) and 457(b) plans, giving them flexibility when deciding how to save and use retirement funds.
I've been retired for a little while now, and I'm enjoying it. I have things I care about, projects I want to do, people I want to spend time with, and I'm certainly not sitting around waiting for the...
Many wealthy retirees hesitate to spend their savings. Advisors share how budgeting and cash flow planning help clients enjoy their wealth.
As the title says. I talked to my boss on Friday, let him know I'd be retiring at the end of March. It's amazing how much weight is lifted by making it official. I've been planning that date for 6 mon...