retirement

Helping Our Aging Parents Plan for a Well-Lived Future
retirement

Helping Our Aging Parents Plan for a Well-Lived Future

Check out some starting points for the frank conversations necessary to ensure your parents are on the right track with their finances and their legac…
November 12, 2020
Should I Start Gifting Money (or Even My House) to My Kids?
estate planning

Should I Start Gifting Money (or Even My House) to My Kids?

As for giving away your money while you’re still alive to see it go to the ones you love, there are pros and cons to think about. But when it comes to…
November 11, 2020
Big Changes Likely for Social Security, Medicare Under a Biden Presidency
Making Your Money Last

Big Changes Likely for Social Security, Medicare Under a Biden Presidency

The new president and a fresh Congress will sooner or later have to face the twin safety net programs, both sorely in need of help.
November 10, 2020
10 Best Financial Benefits for Military Families
savings

10 Best Financial Benefits for Military Families

Service members face a range of threats – from the lethal to the financial. A wide array of generous benefits and programs are meant to offset some of…
November 6, 2020
Bad News on IRA and 401(k) Contribution Limits for 2021
retirement plans

Bad News on IRA and 401(k) Contribution Limits for 2021

Retirement savers will be disappointed with the contribution limits for next year, but at least more people will qualify for retirement tax breaks in …
November 5, 2020
Find the Income to Insure Against Retirement Risks
retirement

Find the Income to Insure Against Retirement Risks

When money gets tight, it can be tempting to ditch some insurance coverage to balance your budget. However, that could leave you high and dry. Instead…
November 4, 2020
What Happens to Medicare If the Affordable Care Act Is Overturned?
Medicare

What Happens to Medicare If the Affordable Care Act Is Overturned?

Experts say if the ACA is repealed or rescinded "it would be devastating for Medicare." Here's what might happen -- and how it could be costly for you…
November 4, 2020
Remove Financial Worries from Retirement with a Do-It-Yourself Pension
annuities

Remove Financial Worries from Retirement with a Do-It-Yourself Pension

An annuity can yield guaranteed lifetime income — a private pension that can help you sleep at night.
November 4, 2020
Easy Access to Financial Advice Requires Analytical Thinking
retirement planning

Easy Access to Financial Advice Requires Analytical Thinking

It’s up to each investor and retirement saver to separate fact from fiction and to overcome their own personal biases.
November 3, 2020
Planning for Early Retirement When You Have Equity Compensation
retirement planning

Planning for Early Retirement When You Have Equity Compensation

Employee stock benefits come with some risks and strings attached, as well as the potentially rich possibilities they afford. So know what you’ve got …
November 3, 2020
Retirees, Make the Most of Your Home Equity
Budgeting

Retirees, Make the Most of Your Home Equity

A home equity loan or home equity line of credit may be perfect for your retirement finances. But don't delay; a fee increase is coming.
November 2, 2020
Making a Gift This Year? Some Key Questions to Consider
estate planning

Making a Gift This Year? Some Key Questions to Consider

Gifting sounds pretty simple, but there are many ways to do it, and several tax ramifications to be aware of as well.
October 30, 2020
Legacy Planning: Create a Lasting Legacy
estate planning

Legacy Planning: Create a Lasting Legacy

Estate plans are about more than just who gets what. To ensure a lasting legacy, you need to get your documents in order and have a clear plan for how…
October 30, 2020
The 60:40 Portfolio Rule Needs a Reboot
investing

The 60:40 Portfolio Rule Needs a Reboot

Jared Woodard, head of Bank of America's research investment committee, joins the Your Money's Worth podcast to discuss the 60:40 portfolio rule. Also…
October 29, 2020
HSA Contribution Limits and Other Requirements
health savings accounts

HSA Contribution Limits and Other Requirements

Annually adjusted contribution limits, health plan minimum deductibles, and limits on out-of-pocket medical expenses must be met if you're covering he…
October 29, 2020
Caught in the Middle: How Young Parents Can Plan for Long-term Care
long term care

Caught in the Middle: How Young Parents Can Plan for Long-term Care

One family’s story shows how important long-term care plans are … and how whole life insurance with a long-term care rider can help.
October 29, 2020
4 Questions That Keep Most Pre-Retirees Awake at Night
retirement

4 Questions That Keep Most Pre-Retirees Awake at Night

Do you have answers for these four questions? Then congratulations and rest easy: You really are ready to retire.
October 29, 2020
Estate Planning During the Pandemic
Coronavirus and Your Money

Estate Planning During the Pandemic

Here’s how to prepare for the worst in this terrible, horrible, no good, very bad year.
October 28, 2020
Figure Out Your Investor DNA to Make the Best Financial Decisions for Retirement
retirement

Figure Out Your Investor DNA to Make the Best Financial Decisions for Retirement

Retirement savers can be broken down into three different DNA types. Each has a different way of getting things done.
October 28, 2020
Estate Tax Exemption Amount Goes Up for 2021
taxes

Estate Tax Exemption Amount Goes Up for 2021

As the estate tax exemption amount increases, fewer estates are subject to the federal tax.
October 27, 2020
6 Reasons You Should NOT Do a Roth Conversion
Roth IRAs

6 Reasons You Should NOT Do a Roth Conversion

Roth IRAs come with some great tax advantages, but converting a traditional IRA to a Roth doesn’t make sense for everyone.
October 27, 2020
What Is the Social Security COLA?
retirement

What Is the Social Security COLA?

For the average recipient, the 2021 monthly increase won't even cover a fill-up at the gas station — but it beats nothing.
October 27, 2020
Once You Create a Living Trust, Don’t Forget to Fund It
estate planning

Once You Create a Living Trust, Don’t Forget to Fund It

Your real estate holdings, life insurance, bank accounts and retirement savings won’t magically flow into your trust. You have to put them there. Fail…
October 26, 2020
Know What You’re Paying for When You Buy an Annuity
annuities

Know What You’re Paying for When You Buy an Annuity

Demystifying annuities is important now more than ever as the current market landscape is shining a light on the benefits an annuity can provide. A fi…
October 24, 2020
The Politics of Election-Year Financial Planning
retirement

The Politics of Election-Year Financial Planning

The competing candidates for president are polar opposites in terms of taxes, adding a new urgency to year-end tax planning. Just what are they propos…
October 24, 2020
Know What You’re Getting – and Giving Up – With an Annuity Income Rider
annuities

Know What You’re Getting – and Giving Up – With an Annuity Income Rider

Guaranteed income is always nice, but nothing in life is free. Weigh the trade-offs carefully.
October 23, 2020