Taxes and retirement: What is taxed?
Upon retirement, you don’t get a paycheck with the proper amount of taxes withheld. That’s obvious. What may not be so obvious until you retire is the…
Category: Money & Personal Finance
How to pay taxes when retired
Many retirees have to pay taxes quarterly, usually in April, June, September and January. The idea is that each retiree should estimate the amount of…
Some 401(k) fears valid, others not, experts say
Fear: The boss might steal it Somewhere on a assembly line is a young worker who once told a reporter: I wouldn’t put my money in a 401(k) because the…
Half of older Americans have nothing saved for retirement, study says
Even though the number of people with nothing saved for retirement is grim, it’s better than it was about 12 years ago. Of those 55 and older, 48 percent…
Caution lights for the 2018 tax filer
The Tax Cuts and Jobs Act of 2017 (TCJA) may not mean reduced taxes for every taxpayer, but it figures prominently for the American population as a whole….
A mental error that can keep you in debt
Maybe a little debt doesn’t feel too bad, but sooner or later people ask themselves, “Is it too much?”. That’s when they start comparing themselves to…
Insurance to buy in your 30s
Term life insurance is dirt cheap when you’re young, but it becomes dramatically more expensive the longer you wait. It’s tempting to wait to buy life…
Insurance to buy in your 50s
Long-term care insurance can help to protect your savings should a spouse go into a nursing home. But, like all things insurance, it is best purchased…
Is debt consolidation wise?
According to ConsumerCredit.com, people thinking about consolidating debts often have one question: Is debt consolidation wise or not? The answer is…
For Americans, it’s still saving versus spending
American economic growth is high and appears to be reliable, but a warning light is flashing: Personal savings are falling. Consumers comprise roughly 70…