Rido / Shutterstock.comAmericans are getting older. (I feel it — don’t you?) In fact, the Population Reference Bureau estimates that the number of Americans age 65 and older will nearly double from 52 million in 2018 to 95 million by 2060. Our aging population means that more solutions are needed to help seniors live well. Enter universal design, a concept that strives to make … [Read more...] about 8 Essential Home Features for Aging in Place
3 Drawbacks of Only Using a 401(k) for Retirement
401(k)s are widely considered to be one of the best retirement savings accounts for a lot of good reasons. They have high contribution limits, you can automate your contributions, and if you're lucky, your employer will chip in too. But despite all of its advantages, a 401(k) isn't always the best place to stash your retirement savings. Weigh the following three drawbacks … [Read more...] about 3 Drawbacks of Only Using a 401(k) for Retirement
How to Manage Your 401(k) Without Lifting a Finger
One of the most intimidating parts about planning for retirement is deciding which investments you're going to place your precious dollars into. You want your money to grow quickly, but you also want to shield yourself from risk. If you're new to investing, you might not be able to tell the difference between one investment and the next. Fortunately, there's a simple solution … [Read more...] about How to Manage Your 401(k) Without Lifting a Finger
RMDs Are Back: Here Is How To Soften The Tax Blow – Tax
To provide some relief during the COVID-19 pandemic, the CARES Act suspended required minimum distributions (RMDs) from traditional IRAs and employer-sponsored retirement plans for 2020. No such relief is available in 2021. Therefore, many retirees will need to take taxable RMDs by the end of this year. Fortunately, a couple of strategies are available … [Read more...] about RMDs Are Back: Here Is How To Soften The Tax Blow – Tax
Want to Build Wealth? Here’s How to Get Started
Millennials have been struggling to generate wealth when compared to previous generations, with the average Baby Boomer holding up to 7x the wealth of Millennials at the same age. Add in the pandemic, and financial futures of “the unluckiest generation in U.S. history” are grim. According to a recent survey from Deloitte, two-thirds of Millennials “often worry or get stressed” … [Read more...] about Want to Build Wealth? Here’s How to Get Started