7 hours ago
They’re Here: New RMD Tables Just Published In 2021 IRS Pub. 590-B
The official version of IRS Publication 590-B for the 2021 tax year includes the new life expectancy tables used to calculate RMDs from retirement accounts.
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Retirement
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4 Lessons Gen Z & Millennials Can Learn From Betty White About Longevity, Work & Retirement
Gen Z, Millennials, all of us, will miss Betty White. However, if we only remember her lifetime of work for the smiles that she brought to our faces, we may have missed her best role – how to live a long life, well. Here are four lessons we might glean from White's career & life.
8 hours ago
Retirement Plans Often Not Helping Participants Avoid ESG Risks, Warns Morningstar
Just 4 percent of investment options and 2 percent of assets in defined contribution 401(k) plans are in strategies with the lowest levels of ESG risk, the authors of the report say they found.
Feb 28, 2022
7 Considerations For Distributing Trust Assets To Your Children
Make sure you provide enough instructions for your trustees to carry out your intentions but not such detailed guidance that the instructions become overly burdensome or likely to lead to litigation.
Feb 28, 2022
Sell Now, Buy Later?
It’s been said that the pain investors feel from a loss is twice the amount as the pleasure felt from a gain.
Feb 28, 2022
Tax Time: The Costs To Keep In Mind While Hiring An Accountant
As a taxpayer, you have one goal come April: pay the least amount of taxes you can. To achieve this you will likely hire a CPA, but make sure they're not doing more damage than good by cutting into your tax return.
Feb 28, 2022
Protect Your Social Security Benefits From ID Thieves At Any Age
Whether you're receiving benefits or not, thieves are trying to get to your Social SEcurity.
Feb 27, 2022
‘Tuesday Is A Yes-Or-No Moment’ - The Ill-Fated 2013 Illinois Pension Reform
In 2013, Illinois finally got serious about its pension debt - but why, in the end, did the reform fail?
Feb 27, 2022
Vitality In Aging Parents: Who Has It And Who Doesn’t?
What makes for vitality in aging parents? It may be a combination of resilience, exercise, good diet, engagement with others and self discipline. See one elder as an example.
Feb 27, 2022
Ask Larry: How Are COLAs And DRCs Applied To My Social Security Retirement Benefit?
Today's Social Security column addresses questions about how retirement benefits accrue both cost of living adjustments and delayed retirement credits, the ability to suspend a retirement benefit and potential effects of having no income before filing.
Feb 27, 2022
Check Your Bank Account: You May Have Received Your 2021 Tax Refund
If you filed your 2021 tax return early online and opted for a direct deposit into your bank account, you may already see your refund on deposit.
Feb 26, 2022
“Don’t Be A Chump”: The Story Of The Illinois Pension Reform That Wasn’t
How did an Illinois pension reform plan get the key unions of state and local public sector employees lined up in opposition alongside a conservative think tank?
Feb 26, 2022
Reader Asks: How Much Can I Spend From A High-Dividend Portfolio?
Once you cover your necessities with fixed income you can afford a little excitement.
Feb 25, 2022
Retirees: Choose The Best Person To Help Keep Your Money Safe As You Age
Seniors face the risk of significant financial losses as they age because of diminished cognitive capacity. Learn who to ask for help.
Feb 25, 2022
Teaching History, From Generation To Generation
This Black History Month, meet three educators who are teaching Black history in ways that bring generations together
Feb 25, 2022
How Gen X Can Define First Generation Wealth For Themselves
Suggestions on ways to best position your family for intergenerational wealth
Feb 25, 2022
What You Need To Know About The Job Market In 2022
5 tips on moving your career forward in the year ahead
Feb 24, 2022
Avoid The Gift Tax Return Trap
You might need to file a gift tax return, even when you don't owe gift or estate taxes.
Feb 24, 2022
Annuities And Reverse Mortgages Are Perfect Complements – So Why Have They Been Forcibly Separated
HUD regulations separating annuities from HECM reverse mortgages were a terrible mistake, the proper goal is to coordinate them.
Feb 23, 2022
The Adult Only Child And Two Impaired Parents : Know The Legal Essentials
Mandy, age 55 is an only child who lives two hours away from her parents.
Feb 23, 2022
When Is It Safe To Recycle Old Tax Records And Tax Returns?
Most answers about when it is safe to get rid of old tax returns and records are wrong.