Retirement
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Obamacare Attack, Threat To FTC Powers Highlight Supreme Court’s Coming Term For Seniors
The most expansive legal challenge to the Affordable Care Act in the 10 year history of the law and an attack on the ability of the Federal Trade Commission to reimburse consumers for harm highlight the Supreme Court’s coming term for seniors, the AARP Foundation announced this week. The term starts October 5. The importance […] More
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Saving For Retirement Just Got Harder In A Sour Fall 2020 Economy
WASHINGTON, DC – SEPTEMBER 24: Sen. Sherrod Brown (D-OH) on screen, provides his remarks to … [+] Steven T. Mnuchin, Secretary, Department of the Treasury (Photo by Toni L. Sandys-Pool/Getty Images) Getty Images Economy Is Looking Bad With the prospects of a stimulus package souring, see the tussle between Sherrod Brown and Steven Munchin yesterday; […] More
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The Disadvantages Of Aging In Place
By Ralph Mroz, Next Avenue Contributor getty Surveys show that most people would prefer to grow older, and even die, in their own home. This desire isn’t hard to understand. While you may have already downsized to a more manageable home or condo, you won’t have to move again, which is emotionally straining, physically taxing […] More
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How Much Of Your Salary Should You Put Away For Retirement?
getty If you’re like most employees, one of the most important decisions that will impact your financial future has already been made for you. In 2006, Congress passed the Pension Protection Act. Despite the law’s name, it represented a watershed event for retirement savers using a 401(k) plan. It allowed employers to change how employees […] More
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State And Local Bailout-Aid With Pension Reform Strings Attached? LaHood’s Plan Is Promising But Risky
UNITED STATES – OCTOBER 31: Rep. Darin LaHood, R-Ill., arrives to the Capitol before the House vote … [+] on an impeachment inquiry resolution on Thursday, October 31, 2019. (Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images In the news today: “Congressman Darin LaHood (R-IL) today introduced the […] More
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5 Times You Can Get Into Your IRA Early—Without Penalty
IRA individual retirement account. Stack of money and calculator. getty The Covid-19 pandemic has left millions of people out of work, and while the extended unemployment benefits are helpful, they may not be enough for everyone. If you find yourself in a financial bind, you might be curious about tapping your individual retirement accounts for […] More
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Participation Rate & Index Cap Vs Interest Cap
The next step is to see how upside potential develops through a participation rate. The insurance company can use the remaining funds to buy a one-year at-the-money call option on the S&P 500 index. This is a financial derivative that provides its owner with the right, but not the obligation, to buy shares of the […] More
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Retirees May Be Permanently Hurt By Trump Temporary Payroll Tax Deferral, House Panel Hears
Retirees could be permanently harmed by President Donald Trump’s temporary Social Security payroll tax deferral, Congressional Democrats and consumer advocates told the House Ways and Means Committee Social Security Subcommittee today. Trump’s deferral of employee contributions to the payroll taxes which helps pay for Social Security benefits, is mandatory for federal employees and military service […] More
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Can My Wife Switch To Spousal Benefits, And If So, What Does She Need To Do?
Economic Security Planning, Inc. Today’s column addresses questions about receiving spousal benefits after receiving retirement benefits, whether it’s possible to reduce a benefit amount to remain under a limit and applying for disability benefits while working and receiving survivor’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president […] More
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Covid-19 Reinforces Need For Long-Term Care Planning
When the Covid-19 pandemic first erupted there was a tremendous amount of attention given to nursing homes and the potential for these facilities to be incubators of the disease. As infections have become much more widespread, affecting how we all work and spend our leisure time, nursing homes have become only part of the story […] More
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The 4% Safe Withdrawal Rate May Not Work With Near Zero Interest Rates. Here’s Why..
Since it was conceived back in the 1990s, the safe withdrawal rate – at 4% per year – has become something of a gold standard of retirement planning. The basic theory is that a balanced portfolio, with a mix of both stocks and bonds, can be expected to produce returns sufficient to support a 4% […] More
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The Tricky Decisions For Snowbirds This Year
By Bart Astor, Next Avenue Contributor Debby and David Englander, who live in New York City and winter in Florida Courtesy of the Englanders A year ago (was it only just a year ago?) I wrote these promising words in a Next Avenue article: In the next few months, thousands of northerners — so-called “snowbirds” […] More
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