The Tax Cuts and Jobs Act lowered tax rates for most taxpayers and nearly doubled the standard deduction. Most provisions of ...

Caring for aging parents isn't cheap. However, many millennials are currently -- or will soon be -- trying to fit the cost of their elderly parents' long-term care into their budget. As of 2023, ...

In reality, though, the best move for a lot of people is to take the tax hit and convert a lot of money quickly, says Laurence Kotlikoff, an economics professor at Boston University. “Go big or go ...

There’s a widespread rule of thumb that retirees need about 70% to 80% of their pre-retirement income. However, this ...

We’re often encouraged to do our best to save well for retirement. And you may have a certain savings goal you’re hoping to ...

Don't let yourself fall into the same trap. I'm at an age where most of my peers aren't retiring. But in recent years, I've ...

There are five main choices for the self-employed or small-business owners: an IRA (traditional or Roth), a Solo 401(k), a SEP IRA, a SIMPLE IRA or a defined benefit plan. Many, or all ...

The White House’s Office of Management and Budget sent this document to government agencies listing about 2,600 programs that were under review.

Until your needs for the next chapter of transition or retirement are put on paper, there is likely fear about the unknown.

Retiring can be an intimidating step, no matter what age you are. Stretching a limited income to cover all your expenses is tough. But Eleanor Clark has figured out how to live comfortably on ...

Goodbye, target-date funds. So long, bonds. An all equities portfolio is the far better way to build the largest nest egg possible for retirement; to generate a larger paycheck in retirement ...

Retirees are often on a fixed income that may be significantly less than their former salary. Without proper planning, finances can spiral out of control, causing chaos and long-term hardship ...