Curated articles and podcasts from trusted financial experts and real retirees.
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This year my wife will retire from her job of 28 years. I will continue to work, likely until December 2025. To replace her income, we will start using dividends coming out of an IRA, probably in the ...
401(k) plans are a critical tool for many Americans striving to secure their retirement. These tax-advantaged accounts often represent a significant portion of an investor’s financial future. Ho...
In 2018, we finally told our family and friends that we were moving to Boquete, Panama in 2019. That was a mixed bag of support and in some cases a big old dumpster fire. Obviously, there was some sad...
Did you know that a whole life insurance policy can actually help you make money? It’s true—and it’s a strategy often used by those with higher incomes. For those seeking life insura...
Workers have two choices if the full retirement age ever increases to 69. Work longer or collect less....
Procrastinating when it comes to saving for retirement is all too common. But stalling for too long will hurt your long-term financial security and peace of mind. Here are five tips to break the cycle...
Everybody needs to consider what will happen to whatever assets they have and ensure their beneficiaries aren't stuck with big tax bills....
Even if you're young and single with no dependents, you may need some life insurance. Here's how to figure out what and how much you may need....
What is a doctor or a surgeon? A highly trained, highly skilled, and highly knowledgeable professional? Yes. But what if ... Read more...
It’s a big world with lots to explore, but if your exploration involves foreign financial accounts, there are several precautions to take. The post Navigating the Minefield of Foreign Investing ...
Contributing to a Roth IRA is one of the smartest ways to get ahead in investing. Here are five extra reasons why. The post 5 Little-Known Uses of Roth Contributions and Conversions appeared first on ...
Their crystal balls might be cloudy, but that hasn't stopped several WCIers and analysts from making their financial predictions for 2025. The post Your Crystal Ball Predictions for 2025 appeared firs...
It can be pretty amazing how much income one can have in retirement while paying very little tax at all. Here are 16 examples. The post Retirement Spending Is Ridiculously Tax Advantaged appeared firs...
An ethical will is often called a legacy letter. Learn how it is different from a legal will, how to write an ethical will, and why it is important....
Does it feel like you're fighting an uphill battle as you try to increase your sustainable standard of living? That's because you are. The post Doctors Can’t Spend More Than Half Their Income ap...
We figure that less than one-third (or maybe even one-fourth) of doctors who need disability insurance aren't buying it. It's scary stuff. The post Go Buy Disability Insurance! appeared first on The W...
Talking about finding balance in our lives and discussing how to know what our risk tolerance is in the finance space and our lifestyle. Also an interview with Dr. Jordan Grumet, who is passionate abo...
Direct indexing, an advanced investment strategy, allows investors to own individual stocks within an index instead of a mutual fund or ETF, offering greater control and flexibility. This approach is ...
The argument for direct care workers may be more powerful than for tech. Immigrants are critical to filling the gap between growing demand and the supply of workers....
I want to inform all members that AARP has been getting large donations from United Healthcare it’s why we received encouragement to get united healthcare Medicare. There should be no conflict o...
Welcome to the latest episode of the Retirement Answer Man Show, where we explore the journey to a fulfilling retirement. Join us as we continue our live case studies with Laura and Nick, who share th...
Traditional bookstores and book-themed events are booming in 2025 as readers look for more ways to reconnect with friends and local communities after the pandemic....
It might be the most common question asked by retirement savers: How much money do I need to save for retirement?...
The 50-30-20 rule is a percentage-based budget approach. Learn more about how it works and why it's such a popular approach to spending and saving....
If you receive income such as interest, dividends, alimony, self-employment income, capital gains, or prizes, you may have to make what the IRS terms “estimated tax payments.”...
The U.S. is approaching a big demographic shift, and it’s already starting to reshape how people think about living as they grow older....
The amount of retirement millionaires continues to grow, according to Empower data, with 9.1% of Americans falling into this category of retirement savers....
Is your Social Security income taxable? The answer isn't exactly a simple one....
Empower research shows that more than half of Americans equate home ownership to financial success, but the surge in home prices may be pushing the dream out of reach for some....
The 401(k) is one of the most common investment vehicles to save for retirement. See how your long-term savings stack up....
Retiring abroad can be a dream come true if you have a good grip on your finances. Here's what you need to know to make it a reality....
Well, 2024 is over, and now we can look back on our investments and see how they did for the year. It was a year of extremes in the news. Wars raged on in Ukraine and the Middle East, multiple natural...
Irrevocable trusts offer nearly endless possibilities for high-net-worth individuals to reduce their estate taxes and protect their assets....
I recently received an email from a reader asking me about the Earned Income Tax Credit. It made me realize, I’ve written little about tax credits. This is an important topic that early retirees...
Check out these strategies to make the most of your money whether you’re looking at a windfall of $500, $5,000, $50,000 – or anywhere in between....
Hey Folks, looking for some words of wisdom from folks in my situation. I will turn 65 in June and I had planned to retire at that time. I was at a senior level in the organization one step down from ...
Background information: I'm currently 66-4 months and full retirement age is 66-8 months. My wife is 55. I retired 2 years ago and my wife will be retiring in 2 months. We both are collecting decent p...
January 14, 2025 – Happy New Year, everybody! I hope you had a quiet, relaxing Christmas season and a great start to the New Year. As I’ve done in prior years, I want to update you on my o...
Happy New Year! 2025 is here and it’s time for a fresh start. Isn’t it great to have this chance every year? The gym is already full of optimistic people, ... Read more The post 2025 New Y...
What is the risk with BDCs, or business development company funds? Edward in Illinois wants to know. Do Pebbles and Bam Bam in Kentuckystone have too much invested in T-bills? Are mutual funds or ETFs...
It’s no secret that we live in a society obsessed with appearances. Doctors, in particular, often get tagged with the ... Read more...
What does retirement look like if you had $2M or $15M? How different time horizons and levels of wealth help determine how much is enough to retire....
There are changed retirement decisions that apply to those waiting to retire until their 70s....
A discussion of factors to consider while deciding when to file for Social Security benefits, factoring in age and other components. The post When to File For Social Security Benefits appeared first o...
To simplify the future for yourself and your heirs, put a financial contingency plan in place. The peace of mind you'll get is well worth the effort....
Baby Boomers may have hit the jackpot money-wise, but many attribute their wealth to financial planning and professional advice rather than good timing....
2025 has gotten off to a rough start with devastating fires and corrections in stocks, bonds, and other risk assets. So, I thought it’d be a good idea to shift focus to some positives—befo...
Low-income retired couples with less than $3,000 in assets can get Medicaid to supplement their Medicare insurance or pay for a nursing home. This asset cap, set by state governments, mainly applies t...
If you’re a couple in your late 50s and trying to maximize your nest egg…even if you had $1 million or more to afford a second home (let’s say near a beach or some other very desira...
Seven years ago,Dividend Growth Investor (DGI) asked me if I’d like to participate in the Warren Buffett bet. For those unfamiliar, in 2008 Buffett famously challenged the hedge fund industry: C...