Financial Planning
Early IRA Withdrawal Creates Big Risks
A new study shows surprising numbers of people aged 61-70 in all income brackets are taking early IRA withdrawals. Forbes contributor Mitch Tuchman explains why early IRA withdrawals can end up taking a big bite out of future retirement earnings.
Get the Facts on "File and Suspend"
Helen Modly of Focus Wealth Management sorts through the many decisions required to maximize both spouses’ Social Security benefits using the Freedom to Work act’s provision that permits workers to earn delayed retirement credits until age 70.
How To Hire (And When To Fire) A Caregiver
Kristine Kevorkian, an expert on aging and end-of-life care, discusses ways you can protect your loved ones when hiring an in-home caregiver. Includes links to numerous helpful articles from the Nextavenue web site.
Good News for Divorcing Women: Credit Reform, Reformed!
Author Jeff Landers explains how a change to the 2009 Credit Card Accountability, Responsibility and Disclosure Act will help women obtain credit cards and outlines tips all women should follow to maintain financial independence whether divorce is imminent or not.
Five Rules for Inherited IRAs
Five tips from Deborah Jacobs, author of Estate Planning Smarts, on how to best manage an inherited IRA, including steps to take now to ensure that beneficiary information is set up for maximum flexibility.
Paying for Special Needs
A look at the unique financial planning considerations for families with special needs children.
When to Keep Financial Paperwork – and When to Toss It
The latest guidelines on which financial papers to keep forever and which can be safely disposed of.
What Is the Best Age to Start Collecting Social Security?
A column from MintLife’s Matthew Amster-Burton on when to start collecting social security. In a nutshell, “patience, grasshopper.”
401k Participants Who Use In-Plan Advice Have More Positive Retirement Outlooks
The 2012 Mercer Workplace Survey shows the small but growing portion of employees who use advisory services to manage their 401k plans are more positive about their retirement outlook.
Top 10 Ways to Stop Elder Financial Scams
Ten key pieces of advice from the new Certified Financial Planner Board of Standards’ guide to financial self-defense for seniors.
