529 plans are generally considered the most effective and flexible ways grandparents can help save for their grandchildren's education-related expenses. This article discusses all you need to know about them.
For many people, being able to enjoy an early retirement is one of the ultimate rewards of a lifetime of hard work. The ability to travel, explore new hobbies, and spend more time with family — all while feeling secure and financially comfortable — is truly a worthwhile aspiration.
SECURE 2.0 Act of 2022 is an expansion of the Setting Every Community Up for Retirement Enhancement (SECURE) Act. We will summarize several of the most important features of the new act in this article.
Even in retirement, credit freezes, credit reports, and credit scores are still vital financial tools. It's critical to understand these three tools and how they play a role in your financial life.
You have worked hard at building your retirement savings. Therefore, it is only natural to want these assets to work hard for you. IRAs (individual retirement accounts) are one of the top ways to save for retirement. In this article, we will discuss 10 frequently made IRA mistakes.
Medicare is a national health insurance program that serves people aged 65 or older and younger people living with certain disabilities or illnesses. It is a complex program, so many questions concerning it arise. This article addresses the most common questions about Medicare.
As a result of the increased life expectancy, retirees can now retain their tax-deferred funds in their retirement accounts longer. The current Internal Revenue Service (IRS) tables now feature higher life expectancy factors, lowering the mandatory minimum annual withdrawal.
Most people don't enjoy talking about or paying for insurance, especially in retirement. However, various perils are always right around the corner. Having the right types of insurance throughout your life can help soften the blows when major or minor calamities happen.
Whether you are retired or just a beginner investor, portfolio balancing is a necessary component of investment management. Keep reading to learn more about what portfolio balancing is, what it involves, and why it is important.
In retirement, capital gains could have an impact on your total tax bill. It's essential to consider how selling certain assets can affect your total financial picture. Click here to learn more about how capital gains can affect your total tax bill.
One costly medical-related fee retirees must deal with is monthly Medicare premiums. On top of this, Medicare beneficiaries might be subject to a surcharge fee on their premiums known as IRMAA. Keep reading to find out what IRMAA is and how to avoid it.
Whether you are just easing out of the workforce, or you have been retired for a few years, making the right financial moves is critical to creating a successful retirement plan. One of the most critical financial moves is tax planning. Click here to learn about six strategies you can utilize throughout the tax year to help minimize your tax obligations in retirement.