Half of retirees don’t need to worry about it at all. Others will have no way of avoiding it. And more and more retirees will fall victim to it in the coming years. It’s the ‘tax torpedo’, which the author of today’s article explains is “a name given to the unexpected way that Social Security can get taxed, depending on…
The GOP’s new tax bill – the Tax Cuts and Jobs Act (TCJA) – is far from a done deal (see the GOP’s failure on healthcare reform). Still, the author of today’s article advises that “those living in retirement and saving for retirement should start to review their sources of income, their expenses, prior tax returns, and conduct what-if analyses…
The three stocks highlighted in today’s article offer above-average dividend yields (and the potential for years of continued dividend growth) as well as strong prospects for long-term returns, as each of the companies in question is a leader in its respective industry. As a result, the authors believe these three stocks are ideal picks for helping to build a retirement…
“REITs are your ally in retirement,” advises the author of today’s article – and, in fact, a report from last year noted that real estate investment trusts have a “dramatic” effect on retirement portfolios. As such, the author proceeds to highlight five REITs that may be particularly attractive picks, as each offers the prospect of both income and growth for…
When it comes to retirement planning for a single person (as opposed to retirement planning for a couple), the author of today’s article notes that, while the basic principles are the same for both situations, there are two critical differences when it comes to the implementation of those principles. What are these two critical differences – and what are their…
A new report from the Government Accountability Office details the serious retirement challenges that Americans are facing, and – in an effort to ward off (or at least mitigate the damage from) an impending retirement crisis in the country, is urging lawmakers in Congress to form an independent commission to study – and come up with solutions to – these…
When it comes to building retirement wealth, the author of today’s article points out that “one of the best strategies is also the simplest: Buy shares in great companies, and hold forever.” “Great”, however, doesn’t necessarily mean flashy and exciting. The author proceeds to highlight three stocks that may be considered rather boring, but which could nonetheless be helpful in…
The accumulation stage of retirement planning (during one’s working years) can certainly be stressful enough in and of itself, but the decumulation stage (once in retirement) may be even more so. Get it wrong and you may run out of money before you run out of life (which happens to be a major fear of nearly two-thirds of Americans!). As…
The Trump tax reform plan has gotten a lot of attention (both positive and negative) of late. One aspect of the plan that has not gotten much notice, however, is a provision that the author of today’s article notes “would mark a landmark shift in the way that the government handles a key issue” – and this shift could ultimately…
When it comes to calculating your “magic number” for retirement (how much you need to save in order to retire comfortably), various formulas have been suggested (Fidelity, for example, recommends that you save the equivalent of 10 times your final salary). The author of today’s article, however, sees this approach as “fatally flawed” and recommends using a “magic dividend number”…