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  • 401k Plans Getting Better: Are They Reason Enough to Work Longer?

    401k Plans Getting Better: Are They Reason Enough to Work Longer?

    / / 401k Plans Getting Better: Are They Reason Enough to Work Longer? We are supposedly in the midst of the “Great Resignation.” Record numbers of Americans are quitting their jobs. Some are retiring. Most are seeking a better gig. And, employers are responding with higher salaries and better benefits. Retirement savings plans like 401ks, […] More

  • Nope. Most Retirees Don't Want to Go Back to Work, Labor Shortage or Not

    Nope. Most Retirees Don’t Want to Go Back to Work, Labor Shortage or Not

    / / Nope. Most Retirees Don’t Want to Go Back to Work, Labor Shortage or Not Recently on the NewRetirement Facebook discussion group, someone suggested that retirees ought to help their own financial well being as well as businesses’ by going back to work. Bruce wrote, “I wish a lot of retirees would consider going […] More

  • Wandering into Retirement Worked for Him

    Wandering into Retirement Worked for Him

    January 20, 2022 Wandering into Retirement Worked for Him Howard Gantman didn’t exactly have a plan for retirement. Rather, he wandered into it during the early months of COVID chaos. Nevertheless, retirement is going better than he’d expected. Gantman, who read comic books and science fiction voraciously as a child, has rediscovered his passion. He […] More

  • Don’t Let Taxes Slash Your Gold Profits

    Don’t Let Taxes Slash Your Gold Profits

    getty Inflation recently rose to 30-year highs, and that’s generated more interest in inflation hedges, especially investing in gold. Political uncertainty and geopolitical tensions also increase interest in gold. Gold isn’t a perfect inflation hedge. Its price soared in 2020, but it declined in 2021. In general, the price of gold should increase if inflation […] More

  • 9 Tips for Finding a Job After 50 or After You Have Retired

    9 Tips for Finding a Job After 50 or After You Have Retired

    / / 9 Tips for Finding a Job After 50 or After You Have Retired Working as long as possible is a recommended retirement strategy for almost everyone. There are so many benefits to working as long as possible and they are not only financial.  Working keeps you young, happy and healthy. However, not everyone […] More

  • 10 Tips For Being A Terrific Trustee

    10 Tips For Being A Terrific Trustee

    Living trust documents. getty Your friend or family member has named you as trustee of their trust. What do you do next?  Some people who serve as trustees do what they think they are supposed to do – without a true understanding of the role – or worse, whatever they want to do. In reality, […] More

  • Where Are Those RMD Tables For 2022?

    Where Are Those RMD Tables For 2022?

    Finding the new RMD tables for 2022 can be a challenge. getty Searching for RMD Tables Online? If you do an online search for the new RMD (Required Minimum Distribution) tables to use to calculate your 2022 RMD, you might find yourself running in circles. Where, just where, are those 2022 tables? The online searches I tried […] More

  • Chicago Teachers Pension Fund Top Secret Forensic Investigation

    Chicago Teachers Pension Fund Top Secret Forensic Investigation

    Chicago Teachers Pension won’t disclose the cost or scope of its secretive forensic investigation. getty The Chicago Teachers Pension Fund says it hired BDO USA, LLP to conduct a so-called forensic audit. While the pension claims to “operate transparently,” in response to an Illinois FOIA request it produced a redacted copy of the contract with […] More

  • Now Is The Ideal Time For Roth Conversions

    Now Is The Ideal Time For Roth Conversions

    Target getty Let me suggest two excellent money moves. You’ll enjoy tax deferral — inside buildup in which the asset-income you earn on your balances accumulate tax-free. You also get to time your IRA withdrawals to years when your marginal tax bracket is low. Like many, if not most, Americans, you probably are holding much […] More

  • Downturns Attract Healthier DI Applicants

    Downturns Attract Healthier DI Applicants

    January 18, 2022 Downturns Attract Healthier DI Applicants A theory – untested until now – about why more people apply for federal disability during recessions is that the depression, stress, or unhealthy behaviors caused by unemployment worsen their health and spur them to apply. This explanation is largely ruled out in a new study out […] More

  • How To Protect Yourself From Losing A Rate Lock On A Mortgage

    How To Protect Yourself From Losing A Rate Lock On A Mortgage

    Tips on protecting yourself from losing a rate lock getty A rate lock is a commitment by a mortgage lender to lend a stated amount to a specified borrower posting a specified property as collateral, at a stipulated interest rate and points. An important proviso is that the loan must be closed within a specified […] More

  • Should You Convert To Roth?

    Should You Convert To Roth?

    Hands holding piggy bank with Roth IRA. Pension plan. Getty There’s been a lot of talk about whether the backdoor Roth IRA and mega back door Roth conversions will be eliminated. However, this isn’t the only reason to convert money to Roth. The most common reason is to pay taxes on pre-tax money now so […] More

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