People line up outside the Social Security Administration office in San Francisco. Getty Images Social Security, the federal social insurance program that millions of Americans rely on for income, faces a shortfall in funding it counts on from its trust funds. But that doesn’t mean the program is going bankrupt or will be entirely unable … Read more
“Well, I guess I’ll be working till the day I die.” I clearly remember the day in 2014 when I dryly and sarcastically spoke those words to my younger sister as the reality of what had just happened hit me across the face like a rock maple two by four. My dad had died a … Read more
You may be very near or have entered your retirement years. Is that good or bad? Did you float to this time in your life without acknowledging that it is near? Did you see it coming and embrace it with gusto? How you feel now falls in one of two categories: I have planned for … Read more
Miodrag Ignjatovic | E+ | Getty Images After Beth Pinsker’s father died, she had her mother set up a new estate plan that included a power of attorney, a legal document that gives permission for someone to make financial decisions on your behalf if you become incapacitated. Yet it wasn’t until years later, when her … Read more
The growing wealth and enhanced spending power of the over-50s is poised to accelerate a range of investment opportunities across multiple sectors in the U.K., according to investors. Market pros say this age group — dubbed the “Grey Pound” or “Silver Spenders” — is gaining greater control over its assets. With greater wealth and more … Read more
Many people saving in 401(k) accounts get a company match from their employer. But that money may not yet belong to them. A person may have to remain employed with a company for up to six years — nearly twice as long as the typical private-sector worker stays in a job — to take full … Read more
Momo Productions | Digitalvision | Getty Images As health-care costs continue to climb, you may want to make sure you’re not leaving valuable tax breaks or pre-tax dollars on the table this year. Rising premiums, steeper deductibles and higher out-of-pocket maximums have put more pressure on household budgets, making year-end planning important, experts say. Among … Read more