Retirement

getty Wealth is hard to measure. It’s easy to just count the numbers, but it’s more than that. It’s the people around you. It’s the places you’ve been. It’s the experiences you’ve had. All those things that wealth is? They aren’t numbers you can count. They are, however, a lot easier to access when the
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By Randy Rieland, Next Avenue Contributor getty Not everyone who cares for a family member or friend with dementia or a chronic medical condition joins a support group. In fact, most don’t. But people who do, often have made deep connections with those with whom they’ve shared the confusion, frustration and even the anger they
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President Trump signed four executive orders on Saturday. They direct the Treasury to extend the federal bonus for unemployment insurance, order the Treasury and HUD to provide temporary funds to renters and struggling homeowners, extend a payment moratorium on student loans, and defer the 6.2% Social Security tax, also known as the payroll tax. All
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Economic Security Planning, Inc. Today’s column addresses questions about having no income in the years before filing, potentially filing early with minor children, potential effects of continuing to earn income and how spousal benefit amounts are determined. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security
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TOPLINE After Norwegian Cruise Line reported dismal second-quarter earnings—with revenue plunging 99% from a year ago—CEO Frank Del Rio said that he was “astonished” that people are still booking cruises, while also expressing optimism the company has enough liquidity to weather a prolonged period of no sailing. Norwegian Cruise Line reported a 99% decline in
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While I discussed a variety of ways that insurance companies manage the risks around supporting lifetime income guarantees, fees are the headline mechanism for managing the guarantee risk. Fees can be used to purchase financial derivatives and support other forms of risk management for the guarantee. Deferred variable annuities generally have several types of ongoing
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By Richard Eisenberg, Next Avenue Managing Editor getty Life transitions can be jarring at any age, but they often pile on top of each other in your 50s and 60s. Transitioning to retirement…to empty-nesterhood…perhaps to a single life…living through a health trauma. Heck, it’s partly why our site is called Next Avenue. Bruce Feiler, author
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When it comes to Medicare, a Power of Attorney has no power. getty A power of attorney (POA) is a powerful thing. A financial power of attorney document allows an appointed person to make financial, legal and property decisions on another individual’s behalf. A person holding another’s POA can sell the individual’s car to pay medical bills,
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By Nancy Collamer, Next Avenue Contributor getty Catching the attention of a job recruiter has long been a challenge, but it’s especially difficult right now. In the week ending July 24, 2020, 1.4 million Americans filed for unemployment, marking the 19th straight week that jobless claims have topped one million. Still, since over 90% of
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Lack of money, inflation, default. Young businesswoman looking with despair. Financial, economy … [+] concept getty Does the 401(k) no longer make sense? That’s what a recent article in Bloomberg Opinion is claiming because of lower tax rates and lower fees on investments outside of 401(k) plans. Before you cancel your 401(k) contributions, let’s look
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Economic Security Planning, Inc. Today’s column addresses questions about potential increases due to continuing to work after filing, eligibility for spousal benefits, filing on the record of a younger spouse and whether the WEP and the GPO will be invoked by a foreign pension. Larry Kotlikoff is a Professor of Economics at Boston University and
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