What Inflation Does to $1 Million

The cliché is true – times have changed. What used to be financial badges of honor are no longer all that impressive, thanks to inflation. If you’re older than the average Millennial you probably remember when being a millionaire meant that you were the elite of the elite: You had arrived. You were invited to … Continued

Social Security Earnings Record: What You Need to Know

Social Security is a cornerstone of most Americans’ retirement plans. And with most workers woefully behind on their retirement savings, Social Security could be the only thing that keeps some people’s financial heads above water. Since you’re reading this website, that’s most likely not you. But it’s important for everyone to take an active part … Continued

Saving for College: 529 Plan vs. Roth IRA

Unless you want your children graduating from college with five or six figures’ worth of debt, saving for college from the time they’re born is essential. There are a variety of ways to do that, but two of the more common ways are to use a 529 plan or a Roth IRA. Here’s a look … Continued

11 Important Questions to Ask Your Retirement Advisor

Before you decide on a retirement advisor, you should make sure you will be getting the services you require and the advice you need. The best way to do that is to ask the right questions. If the answers are unsatisfactory or incomplete, you may want to continue the search. Your retirement is far too important … Continued

Why You Should Max Out Your HSA

Do you have a high-deductible health plan (HDHP)? If so, you are probably eligible to contribute to a health savings account (HSA), which some are calling an IRA on steroids. These accounts are seriously worth considering. Here’s why. A Triple Tax Advantage An HSA account can be better than an IRA because it offers a … Continued

Mistakes to Avoid with a Roth IRA

Patience, they say, is a virtue. And for investors, the Roth IRA may be the best proof – provided you follow the rules. First introduced in 1998, these accounts not only offer tax-deferred growth, but also the ability to make tax-free withdrawals after the age of 59½. If you earn less than the yearly income … Continued

What It Takes to Retire Overseas

More and more people are retiring overseas in search of a better climate, a change of scenery, new experiences and challenges—and yes, access to affordable healthcare. Most people who retire overseas are likely to choose a location they’ve visited before. Time spent on that sunny beach in Southeast Asia, a favorite European village or an … Continued

What Are Tontines and Are They Making a Comeback?

Before Social Security, pensions and IRAs, there was a popular retirement scheme called tontines —a type of investment pool where members paid a lump sum upfront and received annual dividend payments for life. At first glance, tontines look a lot like annuities, but there’s a macabre twist. Members buy into a tontine with a group … Continued

Navigating Bear Markets

While figures can vary, a bear market occurs when prices fall 20 percent or more from a previous high for at least two months across multiple broad market indexes, such as the Dow Jones Industrial Average (DJIA) and the Standard & Poor’s 500 Index (S&P 500). On average, bear markets show up every three and … Continued