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Most Americans Value Retirement Planning, Fewer Than Half Appear to Do It
A new AARP study finds a wide gap between how people feel about retirement planning and how prepared they say they are for life after work. A new study by national retirement advocate AARP found that on average 42% Americans do not feel prepared for retirement, even...
Start A Challenging Estate Planning Conversation
The holiday season is a time of family and reflection as we all are a year older. For the children of older parents there is also a question of how well their parents are able to manage their assets. This especially true when one or both parents are the founders of a...
How Are Healthcare Costs Going to Change During Retirement?
Healthcare is one of the biggest costs you will face in retirement. In fact, by many estimates, it’s the single biggest cost for retirees. A representative study by Fidelity found that a 65-year-old couple in 2022 will need more than $315,000 to cover their healthcare...
3 Travel Insurance Tips to Save You Money
When planning a nice vacation, consider factoring travel insurance into the total cost. That way, you won't be tempted to skip it. While it may not seem like a necessity, it often can help you in the event of an emergency — especially if you're traveling abroad. Many...
Top 10 Retirement Tips For 2023
Lists of retirement advice for the year to come generally all sound the same—but that’s not the case this year. Retiring during a bear market is challenging enough. But the 2023 retirement outlook includes a host of other major threats, such as high inflation and...
How Changes To Social Security And Medicare Could Affect Your Wallet In 2023
The news regarding Social Security and Medicare for 2023 is in — and it’s good news. Social Security is getting its biggest cost of living boost since the 1980s, while the cost of Medicare Part B premiums is going down. To put this in accounting terms, for many...
The fear of loss can cost investors big-time. Here’s how
KEY POINTS Humans evolved with a powerful bias against loss. That cognitive impulse helped humans survive, but impedes many investors from making sound decisions. “Loss aversion bias” causes people to invest too conservatively, sell stocks during downturns to avoid...
3 lesser-known ways to trim your 2022 tax bill or boost your refund before year-end
KEY POINTS There’s still time to trim your tax bill or boost your refund before the end of the year. Depending on your 2022 income, you may consider deferring a holiday bonus, “bunching” medical expenses or a partial Roth conversion, experts say. Read more Securities...
6 Ways I Can Recession-Proof My Finances
I asked a financial advisor to review my portfolio and share 6 ways I can recession-proof my finances before it's too late I shared my finances with an advisor to get his advice for preparing for a recession. He said to make sure my cash is earning money, get proper...
The Basics of Estate Planning
If you have a will or trust, congratulations. But you’re not done with estate planning. Hardly a week goes by without news of a celebrity who died without a will, fracturing families and enriching their attorneys. Maybe you’re smarter than that. You have a will and...