Myth: You don't have to start saving for retirement until age 40.
Truth: The sooner you start saving and investing, the better.
Myth: Only rich people get tax breaks.
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Truth: The tax code offers savings for middle- and working-class taxpayers for starting a family, education, home buying and retirement saving.
Myth: Gold is the best investment you can make.
Truth: A diversified portfolio will shine brighter.
Myth: Social Security won't be around when you retire.
Truth: It will evaporate by 2034 if nothing changes, but incoming money from payroll taxes will still be enough to support about 75% of promised benefits.
Myth: Free trade deals are bad for America.
Truth: Trade and international commerce creates as many (if not more) higher-paying jobs, especially in the services industries, as it destroys.
Myth: Tapping your 401(k) is a great way to borrow money.
Truth: The hit to your nest egg may be greater -- and last longer -- than you think.
Myth: Credit cards are best to be avoided.
Truth: Used smartly, a credit card will help you build a solid credit history and boost your credit score.
Myth: Only rich people need a will.
Truth: Everybody should have a will, even if only to spell out funeral and burial wishes.
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The Social Security Test Every Wealthy Retiree Must TakeWhen you work and collect Social Security benefits before your FRA, you are subject to the Retirement Earning Test that could result in a temporary reduction of your benefits.
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The Rubber Duck Rule of Retirement Tax PlanningRetirement Taxes How can you identify gaps and hidden assumptions in your tax plan for retirement? The solution may be stranger than you think.
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Money for Your Kids? Three Ways Trump's ‘Big Beautiful Bill’ Impacts Your Child's FinancesTax Tips The Trump tax bill could help your child with future education and homebuying costs. Here’s how.
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Key 2025 Tax Changes for Parents in Trump's MegabillTax Changes Are you a parent? The so-called ‘One Big Beautiful Bill’ (OBBB) impacts several key tax incentives that can affect your family this year and beyond.
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What Does Medicare Not Cover? Eight Things You Should KnowMedicare Part A and Part B leave gaps in your healthcare coverage. But Medicare Advantage has problems, too.
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Estate Planning Checklist: 13 Smart Movesretirement Follow this estate planning checklist for you (and your heirs) to hold on to more of your hard-earned money.
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Should You Rent in Retirement?Making Your Money Last Renting isn't right for all retirees, but it does offer flexibility, and it frees up cash.
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How to Benefit From Rising Interest RatesFinancial Planning Savers will get the best rates from top-yielding savings and money market deposit accounts at online banks.
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Donor-Advised Funds: The Gift That Keeps on GivingFinancial Planning Expert guidance on how this charitable vehicle can make a difference.
