The House Democrats’ coronovirus economic package is generous, and complex. Getty How should the federal government mitigate the economic effects of the emerging pandemic’s disruption? The White House has not yet provided a specific package of legislative proposals, but for its suggestion of a cut in the payroll (FICA/Social Security) tax which The Hill and
Retirement
Economic Security Planning, Inc. Today’s column addresses questions about the earnings test, spousal benefits at full retirement age, working for a short time at a job not taxed by Social Security, filing a restricted application for divorced spousal benefits and whether filing for a benefit before FRA is required. Larry Kotlikoff is a Professor of
Resident with visitor flickr Editorial/Getty Images As the coronavirus spreads, many nursing homes and assisted living facilities are discouraging family members from visiting loved ones, and they are screening those who do come. President Trump created additional confusion last night when he urged facilities to “suspend all non-essential visits.” What should you do? There is
A 12-step guide to being somewhat safe and comparatively happy. Decon ready Forbes Are you afraid of venturing out into public? Join the crowd. This guide for hermits is aimed at retirees. Read it if you are (a) not obliged to go to an office, (b) over 60 and (c) an empty-nester. Panicky? Yes. But
Getty Yes, I know, I am just as keen to write about other topics than the public pension funding woes, as readers are to read about them, but I nonetheless find myself revisiting an article I wrote back in January, “Six Key Charts That Prove Why There Is No Alternative To Pension Reform In Illinois.”
The spreading coronavirus affects the financial health of millions of low-wage workers. Getty The evolving coronavirus pandemic is shining a light on massive disparities in the U.S. labor market. It is not enough to have a job. People also need good jobs to be financially secure, especially when facing the challenges associated with the spread
NEW YORK, NEW YORK – FEBRUARY 12: Designer Serena Williams speaks with Anna Wintour at the S By … [+] Serena Presentation during New York Fashion Week: The Shows at Spring Place on February 12, 2020 in New York City. (Photo by Dia Dipasupil/Getty Images) Getty Images Unless you are a pro athlete, movie star,
Getty Planning for, and financing, the retirement years isn’t easy — even before the economic and market turmoil from the spread of the coronavirus. But financing a secure retirement is even harder in large parts of rural America. Rural families, on average, earn 25% less than their urban peers. They’re also less likely to be
Getty The reaction you get when you tell someone that you are going to retire is generally one of enthusiastic congratulations. They will tell you how much you are going to love it, how lucky you are, that you deserve it, and on and on. But how does it make you really feel? For many people, it frequently
Understanding the relationship between bond risk and time to maturity and duration of a bond provides the basis for understanding the bond yield curve. The yield curve shows the yields to maturity for a series of bonds—typically US Treasury bonds—with the same credit quality but different maturity dates, along with the term structure for interest
Getty I hope last week’s Iran head-fake didn’t have you thinking about buying so-called “safe” dividends like Treasuries. Because these tired income standbys aren’t safe at all! With your nest egg yielding a pathetic 1.9%, you’re guaranteed losses, with inflation running at 2.1%. So today we’re going to make a simple contrarian move that will:
By Kelly K. James, Next Avenue Contributor Two friends having conversation at work, woman in her 50s wearing glasses smiling and facing female … [+] manager, agreement, support, collaboration Getty When Kathy Pauss retired from her job as a school secretary a few months before turning 65, the Downers Grove, Ill. resident thought it was
CHICAGO, IL – OCTOBER 01: Illinois gubernatorial candidate J.B. Pritzker speaks during a round table … [+] discussion with high school students at a creative workspace for women on October 1, 2018 in Chicago, Illinois. Pritzker was joined by his Illinois gubernatorial Lieutenant Governor candidate Juliana Stratton and former Secretary of State Hillary Clinton as
When it comes to retirement planning, you may have heard a lot about the benefits of tax-advantaged retirement accounts, how to choose investments, and maybe some of the details of any pension plans that you’re fortunate enough to have. But what about Social Security? After all, it provides the majority of retirement income for many
Getty On twitter, I joked that I was drafting an article I was tempted to call, “Beating a Dead Horse Into The Ground: More Historical Context On Pensions Than Any Reader Is Remotely Likely To be Interested In.” But — I’m sorry to disappoint you — I suspect this will not be the last time
Getty Today we’re going to talk about the biggest threat to your portfolio (and dividends!) you face in 2020. It’s not a recession. It’s a near-irresistible human impulse—purposely amped up by the financial press—that could lock in big losses for you, or cause you to miss out on a huge gain, like the 486%+ some
Esther Meyers, right, shows a photograph of her then–teenage mother Rachel Kane to her to jog her … [+] memory as her twin sister Sarah Schultz looks on.(Photo by Brian VanderBrug/Los Angeles Times via Getty Images) Los Angeles Times via Getty Images Family members and friends are the bedrock of our system of personal care
In 2003, Zvi Bodie and Michael J. Clowes published the book Worry-Free Investing: A Safe Approach to Achieving Your Lifetime Financial Goals, in which they argued that typical retirement-oriented investors should rely primarily on TIPS for their retirement savings. Of course, other financial assets should be included in retirement portfolios, but, they said, only once
Retirees are sacrificing their own retirement savings in order to help their adult children … [+] financially. Getty Are You Supporting Your Adult Children While Endangering Your Own Financial Security? As an 80-year-old widower I’ll call “Fred” told me, some parents may derive pleasure in helping adult children financially, especially if the children chose careers
Side view portrait of smiling senior woman sitting on couch with her dog and reading book while … [+] enjoying weekend at home, copy space Getty I wrote about the importance of pets to older adults back in 2018, but this is a topic that is timeless and grows in importance every day as more