retirement
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S&P 500’s Impressive Rate-Of-Return Score: 70-25
The stock market scorecard can help you invest for retirement with confidence. Getty Images, contributor gopixa If a baseball or basketball team had a win/loss record of 70-25, you’d say it dominated the field. Well, 70-25 has been the win/loss record for the annual rate of return on the S&P 500 since 1926. Impressive scores […] More
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Will My Social Security Retirement Benefits Be Reduced If My Ex Files On My Account?
Economic Security Planning, Inc. Today’s column addresses questions about what happens to a person’s benefit when an ex files on their record, how to file for retirement benefits after taking spousal benefits first and whether it would be a good idea to take early retirement after disability benefits. Larry Kotlikoff is a Professor of Economics […] More
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The Most Overlooked Flaw In Your Retirement Plan And How To Fix It
A party store saleswoman shows us a critical flaw in our retirement planning. getty Suzy rings up another customer in a party supply store. Surrounded by bright, bouncing balloons celebrating everything from anniversaries to birthdays, Suzy scans a bag of blue plastic spoons while speaking to a friend. Leaning across the checkout counter between bouquets […] More
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Don’t Get Distracted By Retirement Planning Bling
When my son was younger (say around 10 years old) and had money in his pocket, the toy aisle was the most stressful place in the world. Should he get the LEGO set or the Nerf gun? Or the hundreds of other flashy toys in front of him? The risk of wasting his limited resources on a […] More
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Can My Wife Get Early Social Security Retirement Benefits Then Switch To Spousal?
Economic Security Planning, Inc. Today’s column addresses questions about taking retirement benefits early before switching to spousal benefits at full retirement age, whether or not to notify Social Security about a change in projected income and when widow’s benefits can be started. Larry Kotlikoff is a Professor of Economics at Boston University and the founder […] More
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Don’t Let These 3 Social Security Surprises Ruin Your Retirement | Personal-finance
3. Shrunken benefits if you earn too much Finally, one of the worst Social Security surprises is receiving smaller checks than expected — as a result of working and earning more. In 2021, for every $2 above $18,960 you earn in income, your annual Social Security benefits will be reduced by $1 — if you […] More
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Gen X: Double Your Money with Retirement Plan Contributions in 2021
Generation Xers: Are you feeling anxious about your retirement savings? You’re not the only one. A 2020 study from Bank of America concludes that only 23% of Generation X savers are confident about their progress on saving for retirement. But here’s another tidbit to know. Based on your age today, 2021 could be the year […] More
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No 401(k) Match? 3 Alternate Ways to Save for Retirement in 2021 | Personal-finance
Tax-deferred accounts are usually a better fit if you think you’re earning more now than you’ll spend annually in retirement. You may also want to consider one of these if you’re saving side hustle income for retirement and you don’t want to worry about it raising your income tax bill this year. Roth accounts could […] More
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No 401(k) Match? 3 Alternate Ways to Save for Retirement in 2021 | Personal Finance
Tax-deferred accounts are usually a better fit if you think you’re earning more now than you’ll spend annually in retirement. You may also want to consider one of these if you’re saving side hustle income for retirement and you don’t want to worry about it raising your income tax bill this year. Roth accounts could […] More
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No 401(k) Match? 3 Alternate Ways to Save for Retirement in 2021
More than 16% of large organizations suspended 401(k) matching, at least temporarily, due to the COVID-19 pandemic, according to the Plan Sponsor Council of America. If you’ve lost your match or you just never had one, the burden of retirement savings rests entirely on your shoulders. It’s a difficult position to be in, but with […] More
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Unhappy With Your Retirement Savings Balance? Do These 2 Things | Personal-finance
What does that mean? If you’re currently invested heavily in bonds but retirement is at least 10 years away, dump some (or, better yet, a lot) of those bonds and replace them with stocks. With a stock-heavy portfolio, you might see close to twice the return you’ll get with bonds, and that could be your […] More
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What Will Survive The Democratic Congress?
Tax-hungry legislators may go after incomes over $400,000. But they will likely leave in place a rich collection of avoidance devices. Here are ways that investors minimize damage from the IRS. Democrats, narrowly in control of Congress, are equipped to undo parts of the 2017 Trump tax cut and, perhaps, to attack some of the […] More
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