Personal Finance

Just like buying a house or getting married, retiring is a significant milestone in life. Picking where to spend your golden years is a key part of that milestone, and as much as it’s a financial choice, it’s also a very personal decision. You may want to settle down close to family or be near the ocean, or maybe you care about finding…

IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things 'Even More Insanely Complicated'The Internal Revenue Service and Treasury Department have released final regulations updating required minimum distribution (RMD) rules for beneficiaries under the 10-year rule.These regulations, stemming from the SECURE and SECURE 2.0 Acts,…

The cost of living is hitting Generation Z. Nearly half of Gen Z adults say they get financial help from parents and family, a new survey suggests.Almost half (46%) of Gen Z adults ages 18 to 27 said they relied on financial assistance from their parents or other family members, in the "Parent Trap" survey, released last week by Bank of America.…

Ever wondered what life looks like financially once you’ve bid farewell to the 9-to-5 grind? Well, you might be in for a surprise. It turns out that retirees aren’t exactly pinching pennies as much as you’d think. Their annual spending is eyebrow-raisingly close to what the average worker brings home.The magic number? $52,141. That’s right, the…

(NewsNation) — Those who created an online Social Security account before Sept. 18, 2021 will soon need to create a Login.gov account to continue access to their online services, according to a  news release.In “the near future,” the  Social Security Administration said, users will need to have an account with Login.gov or ID.me to get…

Payments from the Social Security Administration reach United States households at different times of the month. And among those payments are the Disability Benefit checks. This benefit shares payment dates with the rest of the Social Security retirement benefits. On each mailing day, the Administration pays checks to a different group…

RichVintage I recently posted on how the dividends don't matter in the accumulation stage. One should simply go for a greater total return. After all, 'more money is more better' as I like to write. More money will create greater retirement income. Even if you are under the impression that there is value in the dividend in retirement, you'd…

AleksandarNakic / iStock.comThe retirement age and the future of Social Security have been big topics this presidential election season. The topics have especially caught the attention of many working Americans amid talk about potential cuts to benefits and the future for the system itself and those who will be retiring in the coming…

Working away on a summer day can give rise to daydreams of beach-side vacations or visions of a relaxed retirement by the seaside.When such thoughts strike, I open the data vault to examine market history in an effort to develop a sense of when it might be safe to turn off the computer, grab a towel and head to the lake.I recently looked at…

The government of America could launched the $500 Per Child Under New Bill in an effort to reduce financial burdens and promote economic stability among families. Through the contribution of $500 to a savings account designated for children under the age of 18, this program seeks to offer much-needed help to parents or guardians of young…