Financial Planning

Financial Planning

7 Costly IRA Withdrawal Mistakes to Avoid

A single mistake in withdrawing money from an IRA can derail decades of contributions. Here’s how to avoid the traps.

Financial Planning

Choosing the Best-Value Wine on the Menu

The next time you order wine off a restaurant's wine list, go ahead and buy the second-cheapest bottle—surprisingly, it does not have the highest markups in price.

Financial Planning

Don’t Let These 5 Surprises Derail Your Retirement

Beware of these five retirement financial surprises—ranging from the real results of downsizing to the tax consequences of retirement—that can derail plans, consume savings and...

Financial Planning

Your Inflation Rate Is Not the Same as the Government’s

Many retirees and older ­consumers on fixed incomes keep an eye on the Consumer Price Index for All Urban Consumers…

Financial Planning

Beyond Your Stimulus Check: How the ­American Rescue Plan Will Affect Your Taxes and Health Insurance

The $1.9 trillion American ­Rescue Plan Act received plenty of publicity for providing a third round of stimulus checks and…

Financial Planning

Preparing Your Portfolio for the Coming Inflation Time Bomb

It’s been a long time since investors have had to worry about inflation. But as the US economy springs back…

Financial Planning

Your Unclaimed Assets Are Waiting for You

Tens of billions of dollars are just waiting to be claimed—and you could be the winner. That may sound like…

Retirement Planning

How to Avoid 5 Social Security Surprises That Could Cost You Big

Beware these hidden traps among the Social Security rules. They could cost you big, but here’s how to keep that from happening.

Retirement Accounts

Traditional IRA vs. Roth IRA: Which Is Better for Retirement Savings

Traditional IRAs allow pre-tax contributions and tax your withdrawals; Roth contributions are with after-tax dollars and withdrawals are tax free. What’s the right type for you?

Retirement Planning

For Retirement Withdrawals, 3% is The New 4%

Low interest rates mean you have to cut back on your withdrawals to avoid running out of money before you die.

Financial Planning

Worst Money Mistakes of 2020

In the face of this year’s global upheaval and enormous financial challenges, it is common for many investors, homeowners, consumers and savers to misstep, throwing off their jou...

Financial Planning

How to Become the CEO of Your Household Finances

The financial challenges facing the head of a household are comparable to those confronting corporate chief executives—and so are the solutions.

Financial Planning

How to Raise Emergency Cash Quickly

There are various steps you can take now to bolster your cash cushion while limiting damage to your long-term financial plans.

Retirement Planning

Great Time for a Roth Conversion, But Ask Yourself 3 Questions First

The stock market crash may have put you in position to take advantage of a Roth conversion. Here’s how to know.

Retirement Planning

Secrets to Lowering Your Taxes in Retirement

Here are several strategies—including those that go against conventional wisdom—that will help you dramatically reduce taxes you owe the government in retirement.