Category: Retirement

Here are 12 easy moves to cut your tax bill

… uses. Elder care may be included, too. What’s covered can vary among employers, so check out your plan’s documents. Health savings accounts are tax-exempt accounts you can use to pay medical expenses. If you have a high-deductible health care plan, …

What to do now to retire better

… care insurance coverage (generally not appropriate before or after mid-50s). Premiums get much larger as you age, and health issues may disqualify you. Update your will and estate planning documents. Watch out for high mutual fund and management …

Trump Moving To Delay Rule That Protects Workers From Bad Financial Advice

The exterior of the New York Stock Exchange on Feb. 10. A lobbying battle is being waged over a rule requiring financial advisers to act in their clients’ best interest in retirement planning. Over the past two weeks, the Trump administration has taken steps to delay and perhaps scuttle a new rule designed to save American workers billions of dollars they currently pay in excessive fees in their retirement accounts.

The Perplexing Psychology Of Saving For Health Care

Spending your own money on health care might mean that you’ll be more frugal with it. That’s the theory behind health savings accounts, a decades-old GOP concept that’s sparking renewed interest on Capitol Hill as Republican lawmakers look for ways to replace the Affordable Care Act.

The new retirement: work until you drop

Not so long ago, you might work to 65 and collect a gold watch then enjoy grandkids, a bit of travel and a healthy superannuation. But that model has been decaying for years, driven by the new realities of a longer life expectancy, a desire not to be forced out of the workforce when still healthy and the need to pay for an enjoyable 20 or 30 years after the age of retirement.

Facts About Social Security, Medicare in the Age of Trump May Surprise You

While the era of “alternative facts” dawned in Washington, experts from across the ideological spectrum gathered in the capital for a review of real facts about our two most important retirement programs: Social Security and Medicare. The annual policy research conference of the National Academy of Social Insurance focused on the group’s new report to the Donald Trump administration and Congress on the future of all our social insurance programs – those that cover retirement, but also those that protect the disabled, jobless, impoverished poverty and frail.

A Popular High Dividend Stock for Retirement Portfolios

While it may come as a surprise, history has shown us many of the best long-term investments are not hyper-growth companies but much more boring dividend growth machines. For example, in the last 50 years, Altria Group Inc. has been one of the best-performing stocks on a total return basis , rising an incredible 6,648 fold.

Ready for Medicare? Not Until You Read This

… ed, consider this: According to a 2014 study from the Insured Retirement Institute, “A 65-year-old male in excellent health can expect to live to age 87, while the same male in poor health (e.g. high blood pressure, high cholesterol, and tobacco use)

Prepare For Medical Costs In Retirement

How much money do you think that you need to retire? There are many assumptions involved in answering that question, but one assumption is the greatest of all: how much money will you need for your health care costs? Fidelity projects that a 65-year old couple who retired in 2016 should expect an average cost of $260,000 over twenty years, and that excludes any nursing home costs . Too often, seniors are worried about medical expenses draining their funds and forcing them to become a burden to their families.

Retirement Weekly: Retirement research

… Reducing the Price of Employing an Older Worker Improve Labor Market Outcomes by Socioeconomic Status? Evidence from Health Insurance Premium Restrictions This advertisement is provided by Bankrate, which compiles rate data from more than 4,800 …

Retirement Weekly: Investments for retirement

… exchange-traded funds focused on distinct sectors of the economy. The consumer discretionary, energy, financials, health care, industrials, information technology, materials, consumer staples and utilities ETFs select investments from Standard & …

Largest public pension system to sell all tobacco stocks

The California Public Employees’ Retirement System decided Monday to sell its last $550 million worth of tobacco-related investments nearly two decades after trading away the bulk of them. In a 9-3 vote, the CalPERS investment committee disregarded the advice from its own financial advisers who recommended reversing a sell-off approved in 2000, which has cost the system more than $3 billion in lost earnings.

The nation’s largest public pension system is giving up tobacco.

The California Public Employees’ Retirement System decided Monday to sell off its last $550 million worth of tobacco-related investments nearly two decades after trading away the bulk of them. In a 9-3 vote, the CalPERS investment committee disregarded the advice from its own financial advisers who recommended reversing a sell-off approved in 2000, which has cost the system more than $3 billion in lost earnings.