Q: My company recently announced another round of layoffs and I expect to be let go. I am 62 and I am a little old to be starting over, so I have decided it is time to retire. This is earlier than I thought it would be, but I feel ready to slow down a little. My main concern is how to pay for healthcare. What do you know about COBRA?
Once again Medicare open enrollment season has arrived. Between October 15 and December 7, you have the opportunity to make changes to your Medicare coverage.
Q: I am 72 years old. When my only brother died earlier this year, he left his IRA to me. I know the rules for inherited IRAs changed recently and that I need to make sure this inherited IRA is emptied within ten years of my brother’s death. However, what happens if I die and my children inherit this IRA before those distributions are complete?
Q: With all the political hubbub going on, I am concerned about the market. What should I be looking at to know if my investments are safe?
Q: I am retired and I live mostly on Social Security plus a little bit of savings. They say my Social Security gets a cost of living increase every year, but it is tiny and it feels like I slip further behind every year
Q: I have money in a 401(k) plan with my previous employer and I’m trying to decide what to do with it. Should I roll it into my new employer’s plan or into an IRA? If an IRA is better
College is one of the largest investments most people will make in their lifetimes. Few make it through without financial help from family or other financial aid. This week’s
The CARES Act passed by Congress last March suspended required minimum distributions for IRA, 401(k) and similar retirement accounts for the entire year. People who took an RMD this year must make an important decision by the end of the month—do I keep the RMD or do I roll it back into my retirement account? Several
Q: The COVID-19 pandemic is really throwing my wife and me for a loop. Our income has dropped and our savings are shrinking. With everything going on, how can we keep our financial goals on track?
