No one likes to think about the end, but when it comes to money, it’s important to plan for retirement with a long-term mindset. Making your money last is something that all retirees and those planning for retirement have to think about. After all, no one wants to run out of money before they die….
How Pre-Retirees and Retirees View the Future
When thinking about retirement, it all comes down to finances. After all, there’s a particular lifestyle that people have become accustomed to. A lot of emotional and financial planning goes into retirement. Most baby boomers are already there. So, how’s retirement for them? And what about the Generation X group? They’re planning retirement. How are…
How major US stock indexes fared Thursday Sept. 22, 2022
Stocks closed lower on Wall Street, deepening their losses for the week, as central banks around the world raised interest rates to fight inflation. The S&P 500 fell 0.8 percent Thursday. The Dow Jones Industrial Average fell about half as much, and the Nasdaq composite lost 1.4 percent. Central banks in Europe and Asia increased…
Is It Time To Get a New Credit Card?
Credit cards are great for racking up rewards and points, but you want to ensure you have the right card for your spending style. There are many considerations when picking a card, and depending on your life stage, you may need to pick a new one. This article will look at several different factors to consider…
After the Interview: Why Following Up Is so Important
Your interview was an enormous success. The hiring manager thought you were intelligent and funny, plus your skills and experience checked every box—and then some. All there is to do now is sit back, relax, and wait for the job offer, right? Wrong. A thank-you note sent after a job interview is a simple but…
Commission, Not Allowance
Dear Dave, What is the right age to begin giving children an allowance? —Ben Dear Ben, In my mind, there’s never a right time to give kids an allowance. Instead, work out a plan to pay them commissions, and assign them age-appropriate weekly chores. This can be done with very simple tasks starting at an…
Sen. Paul Blames Rise of Inflation on Biden Administration’s ‘Free Checks’
Sen. Rand Paul (R-Ky.) is blaming the Biden administration for triggering a rise in inflation and warns that more price increases are on the horizon. We are losing “more to inflation” than what the government handed out in the form of free money, Paul said in an interview with Newsmax while responding to a NerdWallet…
Reducing Your Required Minimum Distributions Tax Bomb for Your Heirs
The type of retirement fund you have can seriously affect the amount of money your beneficiaries will receive. With certain types, they could lose a lot of money to taxes because of laws about 401(k)s and other plans. Some simple changes to the type of your retirement account can enable your heirs to avoid a…
The Savings Game: Rules Regarding Inherited IRAs, and Other Reader Questions
By Elliot Raphaelson Q: My dad passed away in April 2020. He left me his traditional IRA. He was 80 and was taking required minimum distributions. I understand from your columns and others that I am required to take required minimum distributions each year because of the SECURE Act. I was under the impression that,…
Families to Experience More Financial Stress: Minister
The Australian assistant treasurer has flagged further stress for household budgets following a spike in U.S. interest rates. The U.S. Federal Reserve announced a 0.75 percentage point increase in official rates to a target range of three to 3.25 per cent, the highest levels in almost 15 years. It comes off the back of higher-than-anticipated…
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