Which is better, a Roth or traditional 401(k)? The main difference between a Roth 401(k) and … [+] traditional 401(k) is the tax treatment of your contributions. getty Which is better, a Roth or traditional 401(k)? The central difference between a Roth 401(k) and traditional 401(k) is the tax treatment of your contributions. Investors make
Retirement
getty This year marks the 100 year anniversary of the ratification of the 19th Amendment, guaranteeing women the right to vote. Yet issues of gender discrimination both within and outside of the workplace continue to be problematic, putting women at higher risk when it comes to retirement security than their male counterparts. While the recent
By Ken Dychtwald, Next Avenue Contributor getty When our Constitution was crafted, the average life expectancy in the U.S. was barely 37 years and the median age was a mere 16. During the time of our Founding Fathers, there was no anticipation of an “age wave.” However, due to the combination of high life expectancies,
By Erin Flynn Jay, Next Avenue Contributor getty Millions of Americans are struggling to afford their medications during Covid-19, including some with health insurance, the nearly 27 million who lost coverage due to a job loss and those who never had it. But there are quite a few ways to lower your prescription drug costs
Zero percent concept icon – 3D Rendered Image getty How does 3 years of 0% returns sound? I saw a popup ad this week, and it said something like “guess which stock is up 350% this year?!” I chuckled to myself and thought, in the perception of some investors, maybe all of them. My point:
Four steps to stay on track for s secure retirement. Keep on running so you don’t run out of money … [+] in retirement. AFP via Getty Images Being stuck at home for months and months, thanks to COVID-19, has many people rethinking what their dream retirement looks like. Others, who are out of work
getty Are you engaged to be married and wondering if you need a prenup? Or do you have a child who is getting ready to walk down the aisle and say “I do,” but have family assets that you want to protect? When you’re in love and only thinking of starting your new life,
getty If you’ve been paying the least bit attention, you know there’s a concern that some 401(k) plans have excessive fees. Recent headlines attest to this, as plans are regularly involved in “excessive” fee lawsuits. Is your 401(k) plan burdened by high fees? Do you even know how to judge when a fee is too
ITALY – CIRCA 2003: Procession of the notaries through the streets of Perugia for the Feast of … [+] Candlemas, miniature from the manuscript concerning notaries’ guilds in Perugia. Italy, 15th century. Perugia, Biblioteca Capitolare (Library) (Photo by DeAgostini/Getty Images) De Agostini via Getty Images Who are “WEIRD” people? It’s a clever acronym, to denote
getty We tend to worry about retirement quite a bit, and with good reason. There are a number of different risks that could eat into your hard-earned retirement savings. The average joe often thinks of these risks as one or more of the following: a market crash, crippling debt, rising healthcare costs, and poor overall
It is also vitally important to understand that the amount of upside potential that can be offered by an FIA will vary over time as interest rates and call option prices change. With an annual reset design, the insurance company must repeat this process each year and will face different interest rates and call option
By Kerry Hannon, Next Avenue Contributor Wendy Mayhew Wendy Mayhew Is a pandemic that’s led to shuttered retail operations and staggering layoffs really a time to start a business? You might not think so. But startups are rising at the fastest rate in more than a decade. And Wendy Mayhew, author of the new, practical
ATLANTA, GA – AUGUST 4: Branch President Raphael Bostic poses for portrait in front of Atlanta, … [+] Georgias Federal Reserve Bank on August 4, 2020. (Photo by Eric Hart Jr. for The Washington Post via Getty Images) The Washington Post via Getty Images The next Treasury secretary will have a mess on her or
getty The headline: “State district judge rules part of Houston’s pension reform is unconstitutional.” And the report is a bit of a head-scratcher at first: the firefighters’ pension fund complains that the city is using a lower valuation discount rate than they themselves would have used, which has the effect of increasing the city’s required
A caretaker baby boomer daughter talking with her mother in her 80s wearing protective mask getty The covid-19 pandemic has increased the burden on family caregivers and made Americans more insistent than ever on receiving their own care at home, rather than in a long-term care facility. Yet, they are in more denial than before
Consider all your sources of retirement income when making asset allocation decisions in retirement. getty In order to protect existing assets, retirees and their advisors are understandably concerned about avoiding financial losses due to stock market downturns. The primary concern is that if any losses occur, the retiree won’t have the ability or time to
PEMBROKE PINES, FLORIDA – OCTOBER 13: Wearing a face mask to reduce the risk posed by the … [+] coronavirus, Democratic presidential nominee Joe Biden delivers remarks about his ‘vision for older Americans’ at Southwest Focal Point Community Center October 13, 2020 in Pembroke Pines, Florida. With three weeks until Election Day, Biden is campaigning
Loving senior couple dancing in balcony. Happy man and woman are spending leisure time together. … [+] They are at home. getty There’s been a lot of talk in the news about how little President Trump may have paid in taxes over the last few years, something he called “smart” during the last presidential election.
By Margie Zable Fisher, Next Avenue Contributor getty The 2020 Medicare Open Enrollment season runs from October 15 through December 7 and it’ll be even trickier than normal for new and existing beneficiaries. That’s due to a combination of Covid-19, changes in Medicare rules and new types of coverage offered by private Medicare Advantage plans.
You may be surprised by how small the Social Security Cost of Living Adjustment will be for 2021 getty There has been quite a bit of speculation about what the Social Security cost of living adjustment (COLA) would look like for 2021. With the USA falling into a recession and millions of people out of