Mutual Funds

Today’s Social Security column addresses questions about taking early retirement benefits before survivor’s benefits, switching from disability benefits to retirement benefits at 62 and ideas for writing a letter appealing a benefit reduction. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more
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A forensic investigation commissioned by 19,000 retirees participating in the State Teachers Retirement System of Ohio spurs a special audit by State Auditor. “The information obtained to date supports a reasonable basis for conducting a special audit,” says Auditor. As absurd as it seems, participants in pensions historically have had virtually no say in how
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By Richard Eisenberg, Next Avenue Editor It’s probably the biggest retirement question you have (after Do I have enough money to retire?): Where should I live in retirement? The question really needs to be split in half: Which community and neighborhood should I live in? And what kind of home should I live in? Right Place,
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By Michael MacDonald, Next Avenue How can you feel younger in your retirement years? This is a big question and one I am just starting to get a handle on, I think. I am almost 67, quite healthy and am fortunate enough to not have serious financial worries. Both my wife and I are psychologists and
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Restarting a significant literary career that’s 13 books long is hard at any age. Doing so after an eight-year gap, at 91, is especially inspiring. Then add your husband dying from Covid-19 while you survived, plus a famous, witty novelist daughter (author of nine books including “The Wife” and “The Female Persuasion”). And there you
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Where’s the best place for you to live once you retire? You can gain insights into that decision by reading the 2021-2022 Best Places to Retire report from U.S. News & World Report.  For most people, however, the rankings may not be the most important factor when it comes to choosing a place to live during retirement. Let’s
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Asia Aviation—the operator of Thailand’s Thai AirAsia—will raise as much as 17.9 billion baht ($536 million) to boost the group’s finances and help revive the loss-making airline that’s been hard hit by the Covid-19 pandemic. Through a private placement, Asia Aviation will sell 7.8 billion baht of shares to Malaysian tycoon Tony Fernandes’ AirAsia Group,
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Americans receiving Social Security benefits in 2022 will see the largest increase in their payments in four decades, according to the Social Security Administration. The 5.9% cost-of-living adjustment (COLA), announced in mid-October, will translate to an additional $92 for retirees’ average monthly benefit next year, bringing that estimated amount to $1,657. While that’s a significant
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Today’s column addresses questions about cost of living increases for spousal benefits’ effects on later COLAs for retirement benefits, taking retirement benefits before survivor’s benefits and Social Security options with no saving and health concerns. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc.
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By Chris Farrell, Next Avenue The numbers are worrisome. The typical 54- to 64-year-old with a 401(k) or IRA owns a median portfolio worth about $135,000 and more than a quarter of workers don’t have retirement savings accounts (mainly because their employer doesn’t offer one). Is it any surprise older Americans worry their quality of life
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For more than twenty years, I have advocated “Pay Taxes later, except for the Roth.” This applied in the accumulation stage when you are accumulating money for retirement, the distribution stage when you are deciding which assets to spend first, and even in the estate planning stage. I always said there were some exceptions to this bedrock
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You’ve had a successful career and you’re almost ready to retire. While still in your peak earning years, is there a tax efficient way to give back? During this time, when you’re in a high tax bracket, charitable giving can both benefit others and help you set yourself up for retirement. With some planning, everyone
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There is nothing like a crisis to illuminate the benefits of basic financial skills. A staggering number of households entered the pandemic unprepared to withstand any economic shock, let alone one of the magnitude of COVID-19. The consequences are reminiscent of the 2007–2008 US financial crisis when individuals were enticed to buy homes that exceeded
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Last week, I spoke with three individuals who discovered recently that they do not have the Medicare coverage they need. Each person’s set of circumstances is unique and their prior decisions, while understandable at the time, have turned out to be less than ideal. Consider Mick, Larry and Samantha. Mick turned 65 in December 2016.
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