Mutual Funds

How much will a Cash Balance Plan lower you taxes? Depend on how large a contribution you are able … [+] to make. getty The cash balance pension plan has been growing in popularity with the self-employed and small business owners who are looking to minimize their taxes. This valuable retirement plan also works well
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By Leslie Hunter-Gadsden, Next Avenue A phone call in the pandemic led to big things for filmmaker Roberto Mighty Roberto Mighty It is often said that timing is everything. Boston filmmaker and multimedia artist Roberto Mighty, 66, certainly found that out one day in March 2020 shortly before the coronavirus pandemic reached epic proportions in
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By Richard Eisenberg, Next Avenue Managing Editor getty Before you close the book on your 2021 New Year’s resolutions, I’d like to share three that you might want to boost your investment income in retirement. They’re from the latest episode of the “Friends Talk Money” podcast I co-host with personal finance syndicated columnist Terry Savage
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Doing good for the world gives back to you. Getty The recent presidential inauguration ceremony was an inspiring yet sobering reminder of the challenges that collectively we face as Americans. But there’s a silver lining for many of us: Seniors and retirees possess life experience and expertise that our nation dearly needs to address these
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US President Barack Obama, alongside Secretary of Education Arne Duncan (R) and High School Senior … [+] Amirah Delwin (L), speaks with graduating seniors and their parents during a roundtable discussion on the interest rates of federal subsidized student loans at Washington-Lee High School in Arlington, Virginia, May 4, 2012. Without Congressional intervention, student loan
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The latest round of stimulus has offered help to individuals, but includes some desperately needed, … [+] and hopefully, very helpful stimulus aimed at small businesses. getty The Consolidated Appropriations Act (CAA) gave us some last-minute fiscal relief, notably $600 stimulus checks for individuals and provisions for some hard-hit areas aimed at mitigating the continuing
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Economic Security Planning, Inc. Today’s column addresses questions about potential effects of filing for early retirement benefits on a spouse’s benefit, when reductions for filing early can and cannot be lifted and retirement benefit estimates on SSA’s website. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
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getty There are three risks that are most likely to derail retirement plans. The risks are real and substantial, almost regardless of an individual’s net worth. Fortunately, the potential damage from the risks can be reduced. Longevity risk is talked about a lot by economists and financial advisors but not by many retirees and pre-retirees.
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Corporate Profits Quickly Recovered From the Initial Shock. getty The country is experiencing two quite different paths since it plunged into a recession in the spring of 2020. Many families struggle with widespread and increasing job losses, long-term unemployment, more debt, hunger, poverty and the threat of evictions among a surging pandemic. In contrast, corporations
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Economic Security Planning, Inc. Today’s column addresses questions about whether to take a survivor’s benefit before a retirement benefit delayed until 70, how Canadian pensions can affect US Social Security benefits and how Social Security verifies marriages. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security
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By Jonathan Littman and Susanna Camp, Next Avenue Entrepreneur Uwe Diegel successfully pitching his startup Courtesy of Uwe Diegel You may be surprised to hear it, but there’s never been a better time to pitch your startup. And for that, you can thank the pandemic. Entrepreneurship is being driven by massive layoffs and the realization
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With this understanding about how life insurance is priced, I can create a simple model to consider four different potential roles for this whole life insurance policy in retirement income planning. First, the death benefit for life insurance provides a method to meet a legacy goal using risk pooling and tax advantages that is distinct
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Economic Security Planning, Inc. Today’s column addresses questions about when Social Security will recognize recent high income, what happens to benefit checks received in the month a person passes away and how the Windfall Elimination Provision (WEP) can affect benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
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The red fire pumps by the real squad fire truck in Chicago Fire Department at the quarters of Engine … [+] Co. 5, filmed in the legendary series ‘Chicago Fire.’ getty In the Chicago Sun Times on Monday, a headline: “Illinois Senate passes firefighter pension bill over mayor’s strenuous objections.” “With the spotlight focused elsewhere
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