Chocolate or vanilla? Coke or Pepsi? Cheeseburger happy meal or chicken nuggets, and so on. We Americans love choices. Retirement is no different. As we head into unchartered waters, as a tax attorney, it’s clear that our tax choices in building our retirement are the most important. With designated retirement accounts, we really have two tracks – the employer-platform […]
Yanely Espinal knows what the power of a financial education — she came from a low-income home with two parents and nine children, and ended up with credit card and student loan debt even after receiving a full scholarship to college. The Brooklyn native said she often saw a difference between herself and some of […]
When you’ve spent your entire career diligently saving for retirement, the last thing you want is to get taken advantage of by a scammer and lose your hard-earned savings. However, many retirees are unaware of some of the most common scams they could face, putting themselves (and their money) at risk. New research shows that […]
As you’re planning for retirement, there are several tools you can take advantage of to help you save — a workplace 401(k), for example, or an IRA. Plans like these allow you to invest your money for the future, racking up serious savings along the way. There’s one other tool that can help you build […]
The state in which you retire could have a huge impact on your senior years, for better or for worse. For some seniors, the decision of where to retire boils down to things like proximity to family and climate. But there are financial implications to consider on a state-by-state basis, as well. Here are three, […]
Congratulations! You’ve saved enough for retirement. Now what? For those fortunate enough to have accumulated a nest egg large enough to last them through their post-working years, some hard decisions can still arise. You don’t want to jeopardize your savings by keeping too much in the stock market (or in bitcoin). But slide too far […]
“The freedom on the other side of our stuff makes us truly euphoric!” That’s the phrase minimalist Amy Rutherford, 51, of Parker, Colo., uses to describe the feeling of joy she and her husband Tim, 52, now enjoy after getting rid of most of their possessions. Here’s how she and a few others have embraced […]
There’s no one “right” way to save for retirement, and everyone will have different goals and strategies. But regardless of how you choose to save, it’s essential to stash at least a little away for retirement now. The earlier you begin saving for retirement, the easier it is to accumulate several hundred thousand dollars (or […]
It’s not too late to start saving for retirement. Thirty-seven percent of all employees age 35 to 44, and 34 percent of employees age 45 to 54 have less than $1,000 saved for retirement, according to the Employee Benefits Research Institute. Here’s how to start saving now In your 40s: Get your money to work […]
If you’re taking a hefty check from your 401(k) plan as you leave your employer, you might be making a big mistake. Just over 9 out of 10 employers give their employees multiple options to take a distribution from their retirement plan, according to a new survey from Alight Solutions. The employee benefits provider polled […]
A secure financial future is what most Americans hope to get with their college degree. More than 80% of freshmen students say they pursued higher education “to be able to get a better job.” Another popular reason? “To make more money.” Many college students, then, are likely to be disappointed. That’s because half of the […]
Bob Orozco barks out instructions like a drill sergeant. The 40 or so older adults in this class follow his lead, stretching and bending and marching in place. It goes like this for nearly an hour, with 89-year-old Orozco doing every move he asks of his class. He does that in each of the 11 […]
