The fiscal year ends in less than three months, and financial advisors face a challenge: reassuring their clients about changes to retirement plan required minimum distribution, or RMD, laws. Over the past four years, two laws have changed the rules regarding RMDs. There is confusion, says Scott Bishop, managing director at Presidio Wealth Partners in …
After becoming popular on TikTok, more and more people are trying the so-called envelope method, or “cash stuffing,” to stick to their budget and avoid getting into debt. But there are downsides to hiding money at home rather than in a high-yield savings account, including exposing yourself to theft and losing up to 5% interest. …
Question: My cousin recently informed me that he has been working with a financial planner for years and will be retiring at 55. I live in the UK. Is it advisable to hire a financial planner in the UK or have advisors in the US work with international clients? When we sought financial advice 2 …
In 2024, high incomes could pay more social security contributions. Additionally, working while receiving retirement benefits can have consequences. Here’s what you need to know. Dardespot | E+ | Getty Images Social Security recipients are expected to see an increase in their benefits next year, based on a 3.2% cost-of-living adjustment. But there are several …
If you hire a financial advisor to help you plan for retirement, you will undoubtedly spend many hours reviewing the potential costs that seniors face. From housing to food to rising utility bills, the list goes on. But there’s one big-ticket item that’s particularly easy to overlook. Your teeth. Dental expenses top the list, said …
Courtesy of Douglas Boneparth When it comes to buying a home, think of it as a place to live, not an investment. A home is simply “a roof over your head” and a place to create memories, said Douglas Boneparth, certified financial planner and co-author of “The Millennial Money Fix,” in an interview with CNBC’s …
BlackRock offers target date exchange-traded funds aimed at helping people save for retirement outside of a 401(K) plan. Investors can select a fund from a new group of professionally managed ETFs that most closely matches their retirement date. On the scheduled date, the funds will be transferred into the iShares Target Retirement ETF, according to …