Tag: Retirement Planning

The best Father’s Day gift I have ever received

Not long ago, I received an unexpected early Father’s Day gift from my older daughter when she returned home for a long weekend visit with us. Since graduating from college, Alyssa had been living in the Chicago area, where she worked as a research assistant for a prestigious university. She thoroughly enjoyed living in the […]

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Don’t believe these Social Security myths

Talking with family and friends, listening to cable news or following public debate about the future of Social Security, you’ve likely heard one or more of the following comments asserted as incontrovertible fact: Social Security is going bankrupt, going broke, in crisis; young people will never see a penny in benefits. Social Security’s trust funds are […]

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Opinion: The best way to have plenty of money in retirement

If you want a financially comfortable retirement with ample money available, you need to take two basic steps. First, save plenty while you’re still working. Second, withdraw the money in a way that will be unlikely to leave you out of money before you run out of life. In a recent article I described how […]

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This 98-year-old has 4 tips for a satisfying retirement

This morning, at 5 a.m., I rose, got a cup of coffee and went into my writing room just like I do every day. I am working on my next book, a complicated spy novel and period piece. I am 98. I was born in 1922. I have lived through The Great Depression, a world […]

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Opinion: Retirees to youngsters: It’s not as bad as you think

Here’s some cheerful news from the retirement front.  Nearly half of working-age Americans fear that they won’t have enough money to live comfortably during their retirement, according to a Gallup poll. But the same survey polled actual retirees as well—and 80% said they were doing just fine, thanks. Turns out, retirement may not be quite the disaster […]

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Americans have lost more than $1 trillion — yes, trillion — to old, forgotten 401(k) plans

Changing jobs throughout a career is not uncommon, but it has contributed to millions of Americans leaving behind retirement savings in their 401(k) plans.  About $1.35 trillion are in “forgotten” 401(k) plans by more than 24 million participants, according to a recent study by Capitalize, a company that helps Americans roll over their employer-sponsored retirement […]

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Deferring taxable income is usually a good idea — but here’s how it can backfire

Conventional wisdom says that taking steps to defer your current individual federal income bill is almost always a good idea. True, if you expect to be in the same or lower tax bracket in future years, and you turn out to be right about that. If so, making moves to lower this year’s taxable income […]

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