Retirement

When David and Stephen Baughier took on part-time jobs in high school, they remember their dad telling them to save 80% of the money they made, spending only 20% of it. At the time, they saved for big-ticket items, like buying or maintaining a car, but the concept stuck. Since leaving the childhood home, the

By Michelle V. Rafter, Next Avenue Contributor Getty Whether you’ve freelanced for years or are contemplating a late-career switch to becoming a self-employed freelancer, there are a few ways to boost your chances of success. According to data from the recently released report, Freelancing in America: 2019, from Freelancers Union and the online freelance platform

By Donna Pols Trump, Next Avenue Contributor Getty Recently, an 88-year-old member of my family underwent elective spinal surgery for disabling back pain. While the duration of hospitalization for anyone after surgery can be unpredictable, we were surprised to find out our family member would be discharged home after only two days. We were not

Employees of the General Electric (GE) company arrive for an inter-union general meeting in Belfort, eastern France, on October 7, 2019. – The management of General Electric (GE) in Belfort said on October 3, to be “ready” to maintain a maximum of AFP via Getty Images Last week, General Electric announced the impending freeze of

No one wants to become a financial burden on their families as they age. In fact, every one of my clients who’ve made the decision to purchase long term care insurance cited this concern as a driving factor in their choice. They felt that with the purchase of a LTC policy, they’d ensure that their

By Edd and Cynthia Staton, Next Avenue Contributors Getty If you’ve been contemplating the idea of retiring abroad, you may have done a little research. Maybe you’ve even jumped on the internet to look for the country that’s best for you. Big mistake. You probably know the old saying: “If you don’t know where you’re

Pension or lump-sum offer? Getty General Electric (GE) recently announced they had frozen their defined benefit plan and were offering lump-sum pension payouts to about 100,000 retirees. GE will also discontinue making pension contributions after 2021. This follows a similar action by Ford to freeze their defined benefit pension for their retirees. A Ford executive

Share to facebook Share to twitter Share to linkedin Advisor advising Getty Most of the country’s 300,000 or so financial advisors get paid via sales commissions or else an annual percentage of the assets they oversee. The planners on this list are very different. They are paid the way lawyers are paid: by the hour

You’ve probably heard by now that investing just got a little bit cheaper. Now cheaper isn’t necessarily better, especially for those of us hunting for safe, meaningful yields to fund our retirements. We’ll get to our diversified 3-click, 7.4%-yielding portfolio (including a couple monthly payers) in a moment. But first, more on the no-commission craze.

Getty In Jennifer Petriglieri’s new book, Couples That Work: How Dual Career Couples Can Thrive in Love and Work, the organizational behavior professor at the European graduate business school INSEAD puts things bluntly: Having two partners pursuing active careers “can create tension, conflicts, and sacrifice.” But, she adds, “it can also create mutual growth, fulfillment,

Many banks and financial firms are investing in AI and seeing positive return from applying AI throughout their operations. AI-based systems are helping to make more informed, safer and profitable decisions. However, with any technology that’s used in a heavily regulated industry there are challenges and pushbacks to adoption. Kumar Srivastava Bringing AI innovation to

New funds are rare in the closed-end fund (CEF) world. But there’s a new kid on the block throwing off a monthly 6% dividend. Today we’re going to run through this new fund to see if it might have a place in your portfolio. 6% Dividends and Netflix-Like Growth—in 1 Fund I’m talking about the

Russ Kliman Every fall, I attend the Finovate conference in New York City, where dozens of fintech entrepreneurs from around the world present apps and services they’re rolling out for consumers and financial institutions. In recent years, I’ve been disappointed by how little I’ve seen for people 50+; nearly all the consumer presentations were aimed

Worried that potential impeachment trials are going to pressure your retirement portfolio? It’s a fair concern. So, let’s talk about ways to protect our stocks and bonds from political drama. First, let’s dispel the myth that the news drives the markets. Markets are smart, and they usually “sniff out” eventual outcomes before they become obvious

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 Getty Images Yesterday, Illinois Gov. JB Pritzker’s task force released its report proposing consolidation of the

Getty Do you know if your retirement portfolio is overexposed to growth stocks? Over the last decade, growth stocks have performed significantly better than value stocks. Over the past year, however, it appears the pendulum has swung to favor value stocks and recent data suggests the trend is accelerating. For the quarter just ending September

Gifts have to be reported on Gift tax returns which are complicated! Getty If you are like many wealthy taxpayers, your CPA and/or tax attorney have just finished a grueling, down-to-the-deadline, tax filing for gift tax returns. Many of these gift tax returns were triggered out of prudent efforts by taxpayers planning to reduce their

Billionaire Warren Buffett, speaks during a news conference of International Metalworking Companies (IMC) in Dalian, Shangdon province, China, on Wednesday, Oct. 24, 2007. Buffett said investors should be “cautious” about China’s stocks as prices surge. Photographer:Kevin Lee/Bloomberg News BLOOMBERG NEWS Editor’s Note: The original version of this article was published in the October 2019 issue

Money sack and leaves with growing coin stack on green tree background. (Photo by / Getty) Getty Investors planning for retirement have a significant challenge on their hands, which is to generate enough income to maintain their desired lifestyle, explains Ben Reynolds, a leading specialist on income, a contributor to MoneyShow.com and the editor of

Getty By Sam Meenasian, Next Avenue Contributor Many boomers want to change careers for a variety of reasons: to reduce stress; to learn something new; to follow their passion; to find a change of pace or to stay ahead financially. But it’s easy to make mistakes and overlook factors that are critical to changing careers