Personal Finance
Latest Personal Finance News
Social Security at 62 vs. 65: What Is the Break Even Point?
Claiming Social Security at 62 gives you three extra years of payments, but each monthly check is permanently smaller than…
Social Security COLA vs. Medicare: Will Your COLA Cover Higher Premiums?
Each year, Social Security benefits may increase with a cost-of-living adjustment (COLA), but higher Medicare premiums can reduce how much…
I’m 65 With $900k and No Pension. Here’s the Monthly Income That Actually Lasts 30 Years.
If you’re 65 with $900,000 and no pension, the income your portfolio can provide depends on how much you withdraw…
I’m 45 With 20 Years to Retire. Ignoring My 401(k) Match Could Cost Me Almost $115,000.
At age 45, skipping your 401(k) match means giving up more than your employer’s contribution. You also lose the potential…
Wash Sale Rule for Stocks: Tax Deductions
Selling a stock at a loss can be a useful tax strategy. The loss may offset capital gains and, in…
Trustee-to-Trustee Transfer: How to Move Retirement Money
A trustee-to-trustee transfer moves retirement money directly between financial institutions without sending the funds to you first. This can simplify…
Can I Collect Part of My Parent’s Social Security? Here’s the Truth Most People Get Wrong.
One common misconception is that any adult child can request a share of a parent’s Social Security check simply because…
Retiring at 65 With $1.6 Million in a 401(k)? Your Biggest Tax Problem May Be Just 10 Years Away
Retiring at 65 with $1.6 million in a 401(k) could set you up for a much larger tax bill 10…
Unrealized Gains: Favorable vs. Unfavorable Tax Treatment
An investment can increase substantially in value without creating an immediate federal income tax bill. In a taxable account, gains…
Trust 65-Day Rule: How Distributions Affect Beneficiary Taxes
The 65-day rule can give certain trusts more flexibility when deciding when to distribute income to beneficiaries. The IRS may…
