When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. One of the last things you want to worry about in retirement is taxes. However, since taxes affect how much hard-earned money you keep, a key area, sometimes overlooked by retirees, deserves some attention: capital gains tax. … Read more
Social Security is facing questions about its long-term future, with the program’s trust funds projected to be depleted by 2034. Unless Congress acts, beneficiaries could face across-the-board cuts of about 21 percent, raising the stakes in a debate that has surfaced repeatedly in U.S. politics: Should the retirement age go up? This is not the … Read more
Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and … Read more
Self-employment offers amazing freedom, but let’s be honest—retirement planning gets a bit tricky when you’re your own boss. Without that corporate 401(k) plan and employer match, you might be wondering what retirement savings options you have available. Well, I’ve got great news! As a self-employed person, you absolutely can open a Roth IRA, and it … Read more
Should you really agree to give up control of your assets? There are some good reasons to get this type of trust, but there are some major drawbacks as well. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Despite what you may have heard, you … Read more
I kind of like the title of this article. Only one actual word (after the “intro”)…everything else is an acronym or made-up word. So, let’s first define the acronyms: As a military retiree or federal employee with military connections you’re in a unique position when it comes to healthcare options. Having access to both TRICARE … Read more
When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Answer: Some might think that having $4 million is enough for a luxury retirement, but with so much economic uncertainty, it makes sense to ask this question. One of the trickiest elements of retirement planning is figuring … Read more
Find out when US workers are retiring, and learn how to determine the best retirement age for you. If you’re like most people who’ve started thinking about retirement, you may have already searched online about average savings at retirement or average savings by age to benchmark your progress against your peers. Theres another piece of … Read more
The good news is that you can you use a Self-Directed IRA or other self-directed retirement plan (e.g. 401k) and invest it in a new or existing business or franchise. You cannot invest in a business in which you already have an ownership interest, but all other businesses are fair game. You can use your … Read more
In today’s litigation-happy world, protecting your hard-earned assets has never been more important. With over 1.3 million attorneys in the United States (making it the most litigious country on the planet), the threat of lawsuits lurks around every corner. One question I frequently hear from clients is “Does a trust protect from lawsuit?” The short … Read more
