Personal Finance

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Latest Personal Finance News

We’re in Our 70s With Our Home Paid Off and $350k in IRAs. Can a Nursing Home Take Any of It?

A nursing home cannot unilaterally take your assets or property, even if you are staying there. Nursing homes have the…

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I’m 65 and Retiring Soon. How Should I Structure My $890k Portfolio?

Do you have a backup plan?This is one of the key questions when it comes to managing your portfolio in…

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What Tax Bracket Does It Make Sense to Start Converting Traditional IRA to a Roth?

Your current tax bracket is an important consideration when evaluating whether to convert a tax-deferred retirement account to a Roth…

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6 Reinvestment Options for Retirement Income

Many retirees receive distributions from retirement accounts, pensions, dividends or even part-time work. Should this income exceed immediate spending needs,…

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How Much Can You Inherit Without Paying Taxes?

An inheritance can offer helpful financial support, but it may also come with tax considerations. The taxes you might owe…

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Annuities vs. Dividend Stocks: Taxes, Pros and Cons, Examples

Annuities and dividend-paying stocks work differently when it comes to income, taxes and risk. Annuities offer fixed or variable payments…

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What Happens to Your SSDI When Your Child Turns 18?

If you’re receiving Social Security Disability Insurance (SSDI), you may also receive additional benefits for a dependent child. But what…

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How Much Should You Put in Your 403(b) Per Paycheck?

If you work in the education, healthcare or nonprofit sector, you’ve likely asked an important question regarding your plan for…

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What Percentage of a Retirement Portfolio Should Be in Cash?

Planning for retirement involves making a lot of decisions, including how to allocate your portfolio. Among stocks, bonds and other…

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Bonds vs. Stocks in a 401(k): Which Should You Invest In?

Bonds and stocks each offer benefits, but they come with different levels of risk and return. A balanced mix can…

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