Retirement

It’s officially the end of an era for golden visas in Europe. In 2020, Cyprus closed its citizenship-by-investment program (similar to a golden visa but granting citizenship, not just residency). In February 2022, the U.K. ended its foreign investment offer. In January 2023, EU satellite state Montenegro closed its citizenship-by-investment program. And now, the tide

By Richard Eisenberg, Next Avenue The Pew Research Center frequently publishes fascinating studies about America and Americans, but its recent jobs survey was an eye-opener. Pew learned that employees aged 65 and older are the happiest. Specifically, its survey of 5,188 U.S. workers who aren’t self-employed found: Two-thirds of those 65+ are extremely or very

Share to Facebook Share to Twitter Share to Linkedin Corporate bonds can be a valuable building block in a retirement portfolio. They allow you to lock in attractive yields for periods ranging from a few to many years. That’s in contrast to instruments such as certificates of deposit and money market funds, for which the

Share to Facebook Share to Twitter Share to Linkedin A convertible bond is an investment vehicle that starts as a bond and then can turn into a stock. These bonds are often framed by sellers as a way to reduce risk by having the certainty of a bond that offers the upside of a stock’s

The special and significant retirement risks of upper middle class and affluent Americans often are overlooked. The “retirement crisis” in America frequently is discussed and studied, but those discussions focus on the risks for lower- and middle-income Americans, such as not saving enough and investing too conservatively. Households with higher incomes have different retirement risks,

One of the reasons that managing our money can be so challenging is that most of the guidance offered is in a different language. It’s a language created by financial companies selling products, financial regulators reining in the financial companies, personal finance gurus developing a schtick for sale, and the IRS with its endless string

Do you know how much you need to retire? It’s a question people ask themselves all the time. If you think it’s a challenge, you’re not alone. “People don’t know how much they need at all,” says Michelle Richter-Gordon, co-founder of Annuity Research and Consulting in New York City. “They also don’t know when they

Far too many people don’t start thinking about retirement until it’s too late to do anything about it. But is it ever really too late? And when you do begin to contemplate what retired life means to you, are you looking at the right things? What do people think they need to retire? Let’s start

By Mark A. Stein, Next Avenue Theresa McCartin was looking forward to the new year. She had left a steady corporate job and was eager to start her own business cleaning and restoring expensive Oriental and Persian rugs. She called her startup Bal Arisi, Turkish for honeybee. Bal Arisi opened for business on January 3,

Many financially comfortable older parents are urged to prepare their heirs to receive their inheritances. How will the adult children know how to manage all those assets? How will they make important decisions about preserving what their aging parents worked so hard for so long to achieve? Some advisors say “tell them what you’ve got

By Richard Eisenberg, Next Avenue Giving your grandchild a new toy or game or clothes is nice. But helping pay for their future college education? Now, that’s a gift your grandkid and their parent — your adult child — will never forget. One smart way to do it: Opening and funding a 529 college savings

Share to Facebook Share to Twitter Share to Linkedin For some investors, getting paid while they own a security, instead of just when they sell it, is a priority. For those investors, dividend investing can have tremendous appeal. Dividend investing involves investing in stocks, but with a particular focus on the regular distribution of a

The federal agency that operates Medicare, the Centers for Medicare and Medicaid Services (CMS), is finally recognizing what families have known for, well, thousands of years: Family members are the bedrock of the system of care for frail older adults and younger people with disabilities. And the agency is taking some important steps to help

Share to Facebook Share to Twitter Share to Linkedin For most people, portfolio income is their pathway toward financial freedom. Money saved during the working years can be used to create an investment portfolio that can then generate income during retirement. In this article, we’re going to show you how to create an income-producing portfolio.

Share to Facebook Share to Twitter Share to Linkedin In December 2018, you could buy a share of Apple (AAPL) for about $40, adjusted for the 2020 stock split. Today, that share is worth upwards of $175. Look back further in time and you’ll see, this isn’t an anomaly. The iPhone maker has a long

Does your retirement plan offer Separately Managed Accounts (otherwise known as “SMAs”)? According to a recent report by Cerulli Associates, SMAs may represent the next big trend in 401k plans. Are you ready for it? Why might 401k plans want to offer SMA options on their investment menus? “Many financial providers have adopted the fiduciary

A friend texted me recently about his neighbor. “I am reaching out for Jerry. He has free dental through his Medicare Advantage plan. He has no top teeth left and needs dentures. His dentist quoted him $1,800. He had some fillings and such earlier this year and there was no bill. He wants to know

Annuity sales are soaring, but still only a minority of retirees own them. If more people were aware of one key advantage of annuities, they probably would reposition part of their retirement portfolios into annuities. In this post I’m talking about annuities that pay guaranteed lifetime income. These generally are the single premium immediate annuity

Lesson To Learn So the moral of this tax tale is that you have to be careful about making sure you file the right tax form to get what you want. We’ll elaborate a bit on the key point in the case to provide more background on trust taxation and trusts generally. The broader message

Most Americans who aren’t yet receiving their Social Security retirement benefits plan to claim the benefits early, according to the 2023 Schroders US Retirement Survey. Only 10% say they plan to wait until age 70 to claim the maximum Social Security retirement benefit. Many plan to accelerate their benefits. About 40% say they will claim