For Mark Roberts' Use: After working and paying taxes throughout your career, along with paying into Social Security for all of that time, it might surprise you to learn that your Social Security benefits can actually be taxed in retirement. Depending upon your provisional income, you might owe income taxes to Uncle Sam. Currently, a [...]
For Mark Roberts' Use: With millions of Americans currently accessing Medicare benefits, and 10,000 new Baby Boomers turning 65 each day, the system is obviously experiencing some growing pains. Retirees, too, are often burdened with considerable out-of-pocket expenses, despite the affordability of Medicare premiums in general. A new bill, currently moving through Congress, seeks to [...]
For Mark Roberts' Use: For retirement planning options, it’s hard to beat the advantages of a 401(k) plan. But if you’re one of the 42 million Americans who work for a smaller business, you probably don’t have access to one. Ditto for the self employed. But that doesn’t mean you don’t have retirement planning options. [...]
Building wealth is one of the primary tenets of financial planning, but do you ever wonder how your net worth compares to the rest of the world? We can talk about financial security all day, but what does that really mean in the grand scheme of things? Bloomberg Businessweek sought to answer this question, and [...]
For Mark Roberts' Use: Now that October has arrived, the weather is finally beginning to change from summer to more autumn-like. This might come as a welcome reprieve from this year’s unusually long, hot summer… Or, you might be feeling a sense of dread. Some people simply do not enjoy winter, at all, and can’t [...]
For Mark Roberts' Use: Many of us tend to view retirement as the end. It’s certainly the end of your working years (unless you take up a second career in your sixties). But it’s also a beginning; once you retire, you have the time to begin new hobbies, move to a new location, and revamp [...]
If you’re a parent, you want the absolute best for your children. But this decision should not have to come at the expense of your retirement. Yet, every year many parents are tempted to tap into their retirement accounts to pay for college tuition. This is pretty much always a bad idea, because while there [...]
Married couples face some extra considerations when planning for their retirement years. Not only do you need to prepare for an income that supports both of you for the rest of your lives; you also must confront the reality that one of you will probably outlive the other. And while the widow or widower can [...]
For Mark Roberts' Use: If you’re like a lot of people, you can’t wait to retire! In fact, you might be analyzing your finances and running the numbers over and over, trying to decide if you can retire a few years earlier than planned. There’s no single retirement age that works perfectly for everyone. And [...]
For Mark Roberts' Use: No one wants to face a healthcare crisis during their retirement years (or at any other time). We face many choices with regard to preventing serious illness, such as exercising regularly, eating a balanced diet, or avoiding problematic behaviors like smoking. But despite healthy lifestyle choices, some things are still out [...]