Retirement
Vermont Governor Phil Scott has signed into legislation that will pay people to relocate to the state in a bid to grow the state’s flagging taxbase and reinvigorate the economy — by attracting workers who sign in online to work elsewhere. The “Remote Worker Grant Program” went into effect on May 30. The governor wants […]
A Chicago flight attendant has hit the news for turning her financial life around. At 39, Bianca DiValerio was nearly broke after a divorce and the sale of several failing rental properties. But now, she claims to be just a year away from full financial independence. And how did she do this? By saving 75 […]
In the realm of retirement planning, the financial landscape can be intricate. Navigating through the various strategies to optimize your retirement funds while minimizing taxes requires a keen understanding of the tools at your disposal. One such powerful tool is the Roth conversion, a strategy that can potentially lead to substantial tax savings during your […]
Unless Congress acts, some 10 million union retirees could see their pensions cut by 90%. Many private pensions ultimately are backed by the taxpayer, much like big government-backed home lenders and, in practice, the major Wall Street banks during the 2008 crisis. In a recent joint House-Senate committee hearing, insiders warned that pensions could insolvent […]
For people whose whole life has revolved around using their mind, retirement can be a bind. All of those degrees and awards, the presentation notes, the papers, the grand vision of achievement — all of that can gradually deteriorate once you walk out the door. Until, eventually, all you have left are crosswords for company […]
Nearly 57% of American adults have savings of less than $1,000, while 39% have zero savings. Following a few quintessential personal finance practices, however, can help you achieve a healthier financial profile. Here are the seven key personal finance habits to form immediately:
New studies have emerged that point to a severe shortage of doctors and other vital health workers is on the horizon for the United States. The first report, conducted by the Association of American Medical Colleges (AAMC), concluded that the United States will need to hire between 34,600 to 88,000 doctors by 2025 to adequately care for our […]
A white picket fence surrounding a house with 2.4 children, a dog, a cat, a station wagon. This is the American dream. But owning your own home might not be so dreamy as you approach retirement. In fact, since 1990 homeownership has been decreasing among 55- to 64-year-olds, a trend which experts suggest is likely […]
Some see early retirement as the kiss of death, but one study has shown this to be a myth. Retiring early can actually lengthen your life. A 2017 study published in the Journal of Health Economics found that for men over 54, retiring early meant that they were 42% less likely to die during the following five […]
The advantages of Social Security are numerous, but one that people don’t often realize is its flexibility. By changing the age at which you start claiming retirement benefits, you can greatly alter the amount you receive each month. Age 62 is the earliest you can claim, but the longer you wait the fatter the checks will […]
