I got an email from a woman who had recently filed for widow’s benefits. She was writing to tell me that the process went very smoothly, and her benefits started within weeks of her application. She said one of the reasons things went so well is that she had done her homework and was prepared…
Here’s Everything You Need to Know About 401(K) Contribution Limits for 2023
January 10, 2023
admin
401(k) contribution limits401kBrightemployerIRSpersonal financeretirementRetirement Accountssavings account
0 Comment
By Entrepreneur Staff Contributing to a 401(k) may be one of the smartest things you can do to set yourself up for a comfortable retirement in your golden years. However, unlike simply stashing money in a savings account, you can only put so much into your 401(k) retirement plan each year due to 401(k) contribution…
Sneaky Ways Inflation Affects Your Money in 2023
January 9, 2023
admin
Brightbudgetinginflationpersonal financeretirementRetirement Accountsretirement plansstandard deductiontaxtax bracketsWealth Management
0 Comment
By now, you’re probably familiar with the more obvious ways inflation affects your finances. Your money doesn’t go as far at the grocery store, for example. Credit card and other variable-rate debt is getting more expensive as the Federal Reserve raises short-term interest rates to combat inflation. Rates are also rising, albeit more slowly, on…
What Would You Choose as a Consumer: Living a Good Life or Saving for Retirement
Most people fall into one of two categories. They are either savers or spenders. Savings are often prioritized for the future to secure retirement and financial security. Spenders prioritize their everyday desires and requirements while maintaining a sound financial situation with the idea of covering their retirement obligations in the future with better income or…
Social Security Changes for 2023
By Sandra Block From Kiplinger’s Personal Finance Question: I recently retired at 63 and claimed Social Security. But I plan on working part-time to earn some extra money. Would that reduce my Social Security check? Answer: If you file for Social Security before you reach full retirement age (66 to 67 for most workers) and…
Turning Full Retirement Age in 2023? Consider Filing for Benefits This Month
I write a column like this one every January, but I don’t mind plagiarizing myself because it contains a very important message for people planning to retire in 2023. January is a critical month for the hundreds of thousands of potential Social Security beneficiaries who are reaching 66 and 6 months, their so-called full retirement…
Retirement: How Tax Rules Change as You Age
By Rocky Mengle From Kiplinger’s Personal Finance Your life changes in many ways when you get older. But there’s something else that changes as you age that you might not have considered before—your taxes. There are different tax breaks that you can claim when you’re older, and the types of income you’re likely to receive…
Annuity Market Will Cool in 2023 as Interest Costs Soar: Expert Forecast
January 2, 2023
admin
Alternative InvestmentsAnnuityBrightFixed Incomefixed indexed annuityinflationinvestingpersonal financerecessionretirementvariable annuity
0 Comment
A tumbling stock market and higher interest rates are forcing consumers to buy annuities. According to LIMRA, a trade group for the insurance industry, annuity sales in the third quarter of 2022 approached $80 billion, just beating the $79.4 billion record set in Q2. It’s an impressive 27 percent increase over last year. As in…
The Savings Game: The Advantages of Life Insurance Over Retirement Accounts
By Elliot Raphaelson From Tribune Content Agency Although Ed Slott (IRAhelp.com) is an expert in IRAs and other retirement plans, he consistently points out that permanent life insurance has significant advantages for long-term retirement planning. The ramifications of the SECURE Act of 2019 only magnify these advantages in contrast to investing through taxable retirement accounts….
Triple Olympic Champion Matthias Mayer Announces Retirement
Three-time Olympic champion Matthias Mayer of Austria announced his retirement from Alpine skiing on Thursday, saying he had arrived at the decision after days of consideration. The 32-year-old had a successful outing at this year’s Winter Games in Beijing, taking home gold in the super-G and bronze in the downhill race. He also claimed super-G…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta