Close-up Of Person Hand Filling Social Security Benefits Form Getty You are turning 65. But— like 40 percent of other 65-year-olds— you have not yet claimed your Social Security benefits. For many older adults, that choice makes good financial sense. Except for one problem: You may find yourself getting hit with big penalties for failing
Retirement
In this Oct. 26, 2011 photo, police officers, teachers, caregivers and other rank-and-file public … [+] servants join Illinois AFL-CIO members to protest the state’s pension situation at the Illinois Capitol in Springfield, Ill. The Illinois Supreme Court on Thursday, March 24, 2016, struck down a state law designed to narrow multibillion-dollar deficits in two
Getty Images In a tweet Thursday, President Trump blamed you for your 401(k) balance. Trump tweeted: “STOCK MARKET AT ALL-TIME HIGH! HOW ARE YOUR 401K’S DOING? 70%, 80%, 90% up? Only 50% up! What are you doing wrong?” There are a lot of ideas packed into those 22 words and most of them are misleading.
Getty This is the second article of a two-part series on expatriating to save taxes. I am often asked by clients who live in high-tax states such as New York or California whether they should establish residency in a no income tax state like Florida to reduce their taxes. My first question is, “Do you
Shot of a senior woman using a laptophttp://195.154.178.81/DATA/i_collage/pu/shoots/804767.jpg Getty Let’s cut through the thousands of market predictions out there and dive into what’s really ahead for your dividends in 2020. We’ll also discuss two things that should be high on your “must have” list for any dividend stock you buy this year. In fact, these
Blood proteins and molecular changes that occur in our blood could be used to assess our health and wellness and more specifically identify people at greater risk of age-related diseases, according to a new study by researchers at Stanford University and funded in part by NIH’s National Institute on Aging (NIA). 3d illustration universal blood,
©koya979 – stock.adobe.com An eyes-wide-open look at the current stock market If you have been investing for a few decades, you can’t help but dive into some data when you notice that the technology sector of the S&P 500 is performing better than nearly everything else. After all, that was the case in the late
null Getty Think we’re stuck with pathetic dividends and sluggish growth in 2020? I get it. Many folks I talk to see the coming year this way. Some are even selling stocks, in a doomed effort to “lock in” gains. The problem? What the heck do you do next? Sitting in cash means watching helplessly
As you enter the home stretch of your career, you may be paying professionals large sums for retirement guidance. Maybe you don’t have to do that. This 7-part series on wealth will give you the tools to make a lot more financial decisions on your own. #1: Put It All In One Fund This cheap
John Buckingham, chief investment officer at AFAM Capital and editor of The Prudent Speculator, portfolio manager Jason Clark and senior research analyst Chris Quigley are industry-leading value investors. In MoneyShow’s Top Picks 2020 report, they highlight their favorite ideas for the coming year. John Buckingham, The Prudent Speculator Last year, we chose Citigroup (C), Target
Share to facebook Share to twitter Share to linkedin Healthy aging stories always inspire me, especially about older athletes. This one was a jaw-dropper, unlike anything I’ve ever seen. As reported by CNN and New York affiliate WHAM, a man broke into the house of 82 year old Willie Murphy, first trying to fool her
Getty More than 7,000 media workers lost their jobs in 2019, pushing many of the laid-off reporters and editors into the unstable world of freelance journalism. Building a freelance career comes with some freedom, but with a lot of complexity. Although you may not always think of freelancing in these terms, becoming a freelancer means
Getty With household American debt now at roughly $14 trillion dollars, it’s no surprise many Americans are struggling to manage their debt and establish positive financial habits. Mortgage debt is by far the largest source of American debt, sitting at $9.83 of the $14.12 trillion. Following mortgages is student loan debt, which hit $1.5 trillion in
Couple celebrating with sparklers at the beach Getty If you’ve been holding the Cohen & Steers Quality Income Realty Fund (RQI)—a fund I wrote about a lot in 2019—you’ve done very well indeed. RQI has dominated, with its market-price return surging 51.9%, including gains and dividends, since the start of 2019. So today we’re going
Job seekers wait in line for a job fair June 4, 2009 in Chicago, Illinois. (Photo by Scott Olson) Getty Images Right now I am attending meetings hosted by the American Economic Association in San Diego, a conference that is basically Mecca for academic economists. Disturbingly, there are a lot of sessions on whether we
By Leslie Hunter-Gadsden, Next Avenue Contributor Getty If you’re thinking about running a part-time business in retirement, researching and even starting it while you’re still working full-time is a smart move. “It’s great to see if there is a market for your business while not depending on it for an income,” said Phillip Phan, a
CHICAGO – MARCH 16: A Chicago Police boat patrols the Chicago River in Chicago, Illinois on March … [+] 16, 2019. (Photo By Raymond Boyd/Getty Images) Getty Images Here are some excerpts of interest from a May 26, 1965 Chicago Tribune story, “Police, Fire Pensions Tabled”: “Three important police and firemen’s pension bills appeared defeated
Happy smiling young golden retriever dog under light gray plaid. Pet warms under a blanket in cold … [+] winter weather. Pets friendly and care concept. Getty The New Year is here, which means it’s once again time to revisit a contrarian (and income) investing tradition: The “Dogs of the Dow.” This simple yet famous
It should be easy — stop working and go play. But it’s not. We live in a work-driven culture, and so work is in our DNA and retirement is antithetical to who we are. Social scientists have come up with three theoretical models that together explain why retirees experience emotional upheaval in making the transition,
Getty Think you can just sign up for a 401(k) and forget about it? Think again. With only 13% of private sector employees with access to a defined benefit pension, more of the heavy lifting towards securing a sound retirement is falling on the shoulders of American employees themselves. The most widely used but perhaps