For those who joined the military in recent years, a big decision is looming for their future. They have to make a choice next year between staying in the old retirement system or opting for the new one. Figuring out whether or not to stay with the current military retirement…
If you roll the money over to an IRA first, you can donate funds from your 401(k) Required Minimum Distribution tax free. Be very careful to follow the rules, so that you don’t create a tax or penalty problem. First, let’s define the RMD (Required Minimum Distributions). This is the…
It may sound whimsical, but the moment you open a business is also the time to start thinking about how you’ll exit the business, whether you intend to sell to a partner, leave the entire business to a family member or sell as soon as you come up with the…
Americans in their fifties and sixties may want to think twice about putting off their “bucket list” trips and accomplishments. Recent statistics indicate you may be better off enjoying life now. As the government shifts retirement ages higher and employees are working later in life, the health of Americans is…
You must sign up for Medicare Part B no later than eight months after retirement, or the penalties could be serious. These are the details that really matter when it comes to retirement and Medicare. If you signed up for Medicare Part A on your 65th birthday but were still…
Deciding when to start taking Social Security payments has to be considered in the total picture of retirement planning. The challenge of retirement planning is that once a big decision is made, you don’t have three or four decades to fix any mistakes. The same holds true for deciding when…
In the best of all possible worlds, your retirement finances include a nest egg that generates a steady flow of income while your principal assets continue to grow. There are six key investment points that, if you can meet them, will make retirement finances work in your favor, according to…
Before you tell HR what your final day of work will be, there are more than a few details that you need to cover to prepare for taxes, make the most of any potential benefits and start retirement on the right foot. If there’s a retirement season, it’s spring or…
Even if you are still working, once you turn 65, you have to navigate your way through an entirely new and complex health care system. While there’s no HR department, there are resources. It starts the day you turn 65, and it’s a bit of a challenge. Seniors need to…
If you think of retirement as a one-time purchase, it is the biggest thing you’ll ever buy. Trying to pay for retirement without the funding, is asking for the impossible. Compared to buying a new car or a house, paying for retirement is the biggest purchase of a lifetime, according…