Mutual Funds

It’s smart to think ahead and plan for the time in your life when you might need care. getty Pre-retirees face several potential risks during retirement that require their focused attention and planning, such as outliving their money, stock market crashes, inflation, and the high cost of medical bills. Now the COVID pandemic has exposed
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You can’t assume that your bracket will go down in retirement. It could easily go the other way. Give and take getty Among fans of 401(k) plans it is taken as axiomatic that people’s tax rates go down after they quit work. So you should max out your salary deferral. That way you’ll effectively pay
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Economic Security Planning, Inc. Today’s column addresses questions about early filing and restricted applications, retroactive spousal benefits, choosing which ex’s record to file on and potential effects of foreign pensions on divorced spousal benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which
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getty We received the first official estimate of how badly the Covid-19 recession will hurt the Social Security trust funds, and the first government estimate is worse than some of the initial private estimates. The latest annual report from the trustees of Social Security, issued last April, estimated that the trust fund for retirement benefits
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The Maximum OUt-of-Pocket Limit For Medicare Advantage Plans Will Be $7,550 In 2021. getty The Open Enrollment Period began October 15. It’s the time to pay attention to your Medicare Advantage plan. So many things can change—premiums, networks, copayments, coinsurance, networks, extra benefits and more. But the big change this year, one that many may not
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Before the fact, the various crediting methods available should be approximately equal in terms of long-term performance. Performance after the fact will be different as the actual index return will be translated into different interest credited as based on the crediting method. But before market performance is realized, the different methods are all using the
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Economic Security Planning, Inc. Today’s column addresses questions about the effect of having collected a spousal benefit before filing retroactively for retirement benefits, potential effects of business losses on Social Security benefit rates and which full retirement age (FRA) applies to the earnings test. Larry Kotlikoff is a Professor of Economics at Boston University and
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Economic Security Planning, Inc. Today’s column addresses questions about what’s possible after suspending a retirement benefit, survivor pensions based on a spouse’s non-covered pension, responding to a notice of overpayment from Social Security and why spousal benefits may not have been available. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
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ITALY – CIRCA 2003: Procession of the notaries through the streets of Perugia for the Feast of … [+] Candlemas, miniature from the manuscript concerning notaries’ guilds in Perugia. Italy, 15th century. Perugia, Biblioteca Capitolare (Library) (Photo by DeAgostini/Getty Images) De Agostini via Getty Images Who are “WEIRD” people? It’s a clever acronym, to denote
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getty We tend to worry about retirement quite a bit, and with good reason. There are a number of different risks that could eat into your hard-earned retirement savings. The average joe often thinks of these risks as one or more of the following: a market crash, crippling debt, rising healthcare costs, and poor overall
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