Retirement

getty Do you want to know what’s hot? ESG-based investing is hot. These factors include those dealing with environment, social and governance issues. “No one wants to be the person who cuts down the last Lorax tree,” says Paul Tyler, Chief Marketing Officer at Nassau Financial Group in Hartford. “As much as we want to

SEC whistleblowers say financial intermediaries serving as custodians, recordkeepers and trustees to … [+] 401ks and pensions systemically conceal and pocket billions in mutual fund “omnibus” payments which rightfully belong to retirement plans. getty Three SEC whistleblowers say financial intermediaries serving as custodians, recordkeepers and trustees to 401ks and pensions systemically conceal and pocket billions

This is shocking but it actually happened. I describe here a real case, with names changed. The man involved was what we call an “elder orphan”. These are the ones with no kids, never married, or widowed and they do not have anyone paying much attention to them as they age. They are vulnerable to

When you’re saving for retirement, keep in mind that Medicare premiums include surcharges for … [+] high-income earners. getty The Centers for Medicare & Medicaid Services has announced Medicare Part B premiums for 2021, and the base premium increases just 2.7% from $144.60 a month to $148.50 a month. That $3.90 monthly increase compares to a

By Kerry Hannon, Next Avenue Entrepreneur Dennis Bozzi Dennis Bozzi Starting a business on a wing and a prayer is a fool’s game. That’s why older Americans eyeing entrepreneurship, perhaps in response to a layoff or an early retirement package, are seeking courses and programs to learn business skills and explore the possibility of being

Wealth Inequality Made The Recession Worse getty Senate Majority leader Mitch McConnell (R-KY) said that an economic stimulus bill will be a top priority after the election. Such a bill could contain money for struggling families and businesses and possibly some assistance to state and local governments. A quick, substantial boost to people’s incomes is

The practical impact of the optional rider fee will be to reduce the contract value a bit more quickly leading to a lower death benefit than otherwise. But with the focus on income rather than accumulation, the rider fee is of secondary importance. The goal is not to find the lowest rider fee, as it

Is your Pharmacy in or out of network? getty Jim, one of my exercise buddies, sees doctors and visits hospitals affiliated with the largest healthcare system in his community. Checking the Annual Notice of Changes, he discovered that his drug plan is dropping the system’s pharmacy from its network. Jim didn’t think that was a big

Are low yielding fixed income investments your best option? getty Almost all retirees and soon-to-be retirees who need their financial assets to fund their remaining years would like a retirement plan that tells them how much they can draw safely every month without fear of running out. A common response is to shift their portfolios

A woman walks past a pro Fair Tax yard sign near a polling place on Election Day, Tuesday, Nov. 3, … [+] 2020, in Chicago. Voters have rejected the Fair Tax proposal to abolish Illinois’ flat-rate income tax for one that would take a greater share from wealthier taxpayers. The outcome of Tuesday’s Nov. 3,

Just the title of this article could be enough to push Dave Ramsey into anaphylactic shock. For most of his audience, having a paid-up house in retirement is a good thing—to be preserved. I am proposing an idea that will likely work with wealthier IRA owners. This idea routinely meets with massive resistance. Keeping an

Fargo, North Dakota getty It’s election day. Last night, Trump supporters gathered at rallies in Kenosha and Grand Rapids. In my own hometown, Biden supporters gathered near the commuter train station to wave their signs at passing traffic. They’re enthusiastic, that’s for sure. But will their enthusiasm translate into participation in community organizations that require

The Medicare Plan Finder and Open Enrollment in 2020. 65 Incorporated Last fall, just in time for the 2019 Open Enrollment Period, the Centers for Medicare and Medicaid Services (CMS) introduced the new Medicare Plan Finder. The press releases almost made it sound like the greatest thing since sliced bread. However, once those who help Medicare beneficiaries

getty The Main Street New Loan Facility Program was established as a part of the CARES Act earlier this year to provide banks with a 95% guaranteed re-payment when they extend credit under this program to a business borrower. In an apparent reaction to the delay in extending new PPP loans the SBA announced on

By Nancy Collamer, Next Avenue Getty Between Covid-19, record-high unemployment numbers and the collapse of entire industry sectors, 2020 has been a miserable year for older workers. In fact, for the first time in nearly 50 years, older workers face higher unemployment than mid-career workers, according to The New School Retirement Equity Lab. And a

By John Endris, Next Avenue getty (Transitioning from someone who creates art to someone who sells his or her art for profit can be difficult. As David Deeds, Schulze Professor of Entrepreneurship at University of St. Thomas, wrote in “To Turn Your Art Into a Business, Learn to Manage Your Time,” you may want to

If you’re 55 or over, your retirement may be more uncertain than ever before. Despite that more people than ever are retiring early in the face of an ongoing pandemic, uncertain economy and record low interest rates. 2020 has brought unprecedented change getty A recent report released by the Retirement Equity Lab at The New

A vintage flag of the United States of America for Veteran’s day getty Every Veterans Day, many organizations recognize the service our country’s military members have given our nation. The tradition dates back over 100 years, to the original Armistice Treaty signed at the end of World War I. Armistice Day, as it was originally

Women Bear The Brunt Of The Recession getty The labor market is in a “she-cession”. Women bear the brunt of the pandemic. Yet President Trump promised “we’re getting your husband’s back to work” at a rally in Michigan. This dated vision of women’s participation in the labor market ignores the plight of millions of women,

getty Are you concerned you’ll never be able to retire? You have saved in your 401(k) or company retirement plan and picked up a company matching contribution. As you are getting closer to the end of your career, you wonder, “Will it be enough?” Every individual’s goals and finances are different; some people may have