Retirement

For a naturally frugal person, the decision to pursue a lifestyle that embraces financial independence retire early (FIRE) tactics isn’t necessarily a tough choice. The hard part comes with figuring out what tactics to use as you start. There are very few easy to digest guides as you adjust your savings rate to 25% or

By Donna Freedman, Next Avenue Contributor Getty “Have a side hustle” is common advice for people who want to ensure their financial survival in case their full-time job goes away, survive unemployment or help boost retirement savings. About 28% of workers have one, according to the new Gallup Great Jobs Survey. One way to launch

Senior man reading online news on smartphone outdoors. Getty Today we’re going to look ahead to 2020—and specific sectors to target for rising profits (and dividends!) in both stocks and 7%+ yielding closed-end funds (CEFs). We’re also going to look inside a worrisome piece of news you might have heard about 2019—that analysts expect corporate

©Nitr – stock.adobe.com How To Get The Same Return With 1/3 Less Risk…Sometimes The original commercials for Miller Lite Beer started in the 1970s. Sports stars like Mickey Mantle, entertainers like Rodney Dangerfield and others took part. One of the key lines in many of those commercials went something like this: “…and it has 1/3

Young couple is checking their finances with a smile on a face. Man is using smartphone, while woman … [+] is writing down. Getty Are you worried about a market meltdown in 2020? Fair enough–stocks went straight up for an entire decade, making a pullback more than due as we head into the 20s. Now,

Especially at Christmastime many people are inspired to do good for others. What is most impressive is when people dedicate their lives to helping those less fortunate. This story in my Great Entrepreneur Series is about an executive who found a calling and built something truly important.   Pete Brady and the Handy Dandy Handyman

This article is part of a series; click here to read Part 1. The safety-first school of thought was originally derived from academic models of how people allocate their resources over a lifetime to maximize lifetime satisfaction. Academics have studied these models since the 1920s to figure out how rational people make optimal decisions. In

Change Concept, Road Sign theme. Getty The SECURE Act of 2019 has passed. This bill is the product of bipartisan effort, which should give thinking Americans a lead-in-the-gut realization about the sorry state of retirement preparedness and the importance of this issue. If the two sides of the aisle are working together, it might be

CLEVELAND, OH – NOVEMBER 13 – Birds flock around the Manistee, a “Maritimer” class bulk freighter, … [+] as it is towed down The Cuyahoga River in Cleveland, Ohio on November 13, 2014. The Seafarers International Union, Atlantic, Gulf, Lakes, and Inland Waters multi-employer pension plan is 143% funded. (Photo by Angelo Merendino/Corbis via Getty

Photo: Getty Let’s briefly think back to 2008, when the world was “falling apart” at the hands of the latest devastating (albeit temporary) market correction. The S&P 500 ended that year down roughly 38.5%. The uncomfortable joke around many offices was that a “401(k) is now a 201(k)” as the markets pillaged all those who

The Capitol building in downtown Washington D.C. Getty On April 3, 2019, I wrote an article titled, “Will The SECURE Act Make Your Retirement More Secure?”, providing a summary of the key provisions of this bill, which had just been passed by the House Ways and Means Committee. The provisions of the bill were not

Income may not have the sizzle of selecting stocks, but many experts recommend maintaining a balance between equities and fixed-income. Several income specialists, and contributors to MoneyShow.com, offer their top ideas among some lesser-known income vehicles, including municipal bonds, convertibles, preferreds, and floating rate securities. Marvin Appel, Signalert’s Systems & Forecasts I believe that corporate

Getty Imagine, you’re ready to transition into retirement, financially secure, barely having planned for it. Is that even possible without winning the lottery, receiving a large inheritance or having an old-fashioned pension plan? As more employers add automatic features to their 401(k) retirement plans, one day this could be possible. Some pieces of the puzzle

Getty This is part one of a two part series on expatriating to save taxes. The other day I got a call from a client who was concerned about the threat of tax increases if Democrats win the presidency and a Senate majority in 2020. He was particularly worried about the wealth tax proposed by

Getty The (mostly) ups and downs of the 2019 market taught retirement savers invaluable lessons. But many may have missed the most important lesson. As 2019 approaches its conclusion, the stock market continues to reach all-time highs. It’s almost enough to forget what happened last summer. But you should remember how you felt when the

Santa Claus putting a lump of coal in Congress’s Christmas stocking. Getty The House of Representatives earlier this afternoon passed two bills to provide $1.4 trillion in funding for defense and non-defense spending programs that must be appropriated on an annual basis. As is often the case with must-pass legislation at the end of the

Share to facebook Share to twitter Share to linkedin Holidays are a notorious time for financial fraud. Scammers capitalize on the generosity of their targets, particularly seniors. What can families do to give their older loved ones, especially aging parents a greater measure of financial safety? The World Health Organization estimates that one in six

©relif – stock.adobe.com How to use a simple hedge fund technique to your benefit I am not a tax advisor, and this is not tax advice per se. However, I am a portfolio manager. And, my core approach is similar to what the early hedge funds did, before the term “hedge fund” became an oxymoron.

Struggling workers need more help from Social Security. Getty Many older workers struggle financially as they approach retirement. They often have little saved to supplement their Social Security benefits. Worse, many of those who have few savings also face obstacles in finding good jobs at older ages or they deal with declining health that makes

The secret to growing your 401(k) Getty The Secret To A 9.5% Return: Your Clock Is Ticking There is a secret to getting a 9.5% return, and it has to do with time.  Time allows anyone to achieve those returns through the math of compounding.  It can be done with a short funding period, as