Thursday, November 21

Tag: Retirement Planning

To Lower Your Taxes in 2024, Make These Moves Now
30Dec By adminNo Comments
Money

To Lower Your Taxes in 2024, Make These Moves Now

A new tax year is a great time to make smart tax moves and avoid dumb ones. This difference matters a lot because taxes are often the largest factor affecting investment returns in a portfolio. They also matter to your retirement savings, your home and your donations, among other things. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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A generous new rule for leftover 529 money: Roll it into a Roth for your child
18Dec By adminNo Comments
Money

A generous new rule for leftover 529 money: Roll it into a Roth for your child

I was on the phone with one of my girlfriends — the best way to find out about financial stuff, honestly — and she told me that there was a new rule that would allow parents to rollover unused funds from a 529 college savings plan into a Roth IRA for their child.I was like: No. Way. It didn’t seem possible. First, as many college-savings sufferers know, there are restrictions on withdrawing the money you deposit into 529 plans. Generally, you have to use 529 savings for qualified education-related expenses, or you get hit with taxes and a penalty. True: there are ways to transfer 529 money to another member of your family without being taxed or penalized. Still, the idea that you might be able to rollover unused 529 funds into a Roth IRA seemed unusually generous and forward thinki...
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Oklahoma Finds It Hard to Break Up With JPMorgan and BlackRock
14Dec By adminNo Comments
Money

Oklahoma Finds It Hard to Break Up With JPMorgan and BlackRock

Cutting ties with the largest U.S. banks and asset managers is easier said than done. In Oklahoma, where a new law requires the state to stop doing business with financial companies that “boycott” the oil-and-gas industry, officials and pension employees are running into hurdles while trying to comply.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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A New Era of Income Investing Is Turning Boomers Into Bond Buyers
10Dec By adminNo Comments
Money

A New Era of Income Investing Is Turning Boomers Into Bond Buyers

Listen to article(1 minute)When it comes to the baby boomers’ run of investing luck, timing has been on their side. Decades of stellar stock-market returns produced by a series of bull markets that began in 1982 coincided with boomers’ prime working years and made their nest eggs grow.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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A New Era of Income Investing Is Turning Boomers Into Bond Buyers
10Dec By adminNo Comments
World

A New Era of Income Investing Is Turning Boomers Into Bond Buyers

Listen to article(1 minute)When it comes to the baby boomers’ run of investing luck, timing has been on their side. Decades of stellar stock-market returns produced by a series of bull markets that began in 1982 coincided with boomers’ prime working years and made their nest eggs grow.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Don’t Let Medical Bills Spoil Your Retirement Dreams: Plan Health Insurance In Advance
5Dec By adminNo Comments
Business

Don’t Let Medical Bills Spoil Your Retirement Dreams: Plan Health Insurance In Advance

Retirement is a time for relaxation, and pursuit of one’s lifelong dreams. However, unexpected medical expenses can quickly turn your golden years into a financial nightmare. One least discussed aspect is the impact of medical inflation. Medical inflation increases the risk of outliving your retirement savings. Always remember healthcare costs can rise significantly over the years, especially when compounded by the effects of inflation. This situation often leaves retirees struggling to maintain their standard of living as they age. With comprehensive health insurance you’re less likely to burden your family with healthcare costs.Some of the potential healthcare expenses during retirement, effective ways to plan for them, and key considerations for selecting the right health insurance are...
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Failure of Bid for Origin Energy Signals Rising Power of Funds
5Dec By adminNo Comments
World

Failure of Bid for Origin Energy Signals Rising Power of Funds

Dec. 4, 2023 11:47 pm ET|WSJ ProSYDNEY—The failure of an US$11 billion takeover bid for Origin Energy marks the beginning of a cycle where long-term investors could play a more dominant role in capital markets.That is the view of Andrew Polson, chief executive of Frontier Advisors, which advises institutional clients who own around 630 billion Australian dollars (US$417.12 billion) in assets. After a wave of mergers in recent years, pension funds in Australia have been increasing their firepower to support investments by companies that until now have largely had to turn to banks, a deep-pocketed buyer or equity raising.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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How to Donate to Charity, Get a Tax Break and Have Income for Life
1Dec By adminNo Comments
Money

How to Donate to Charity, Get a Tax Break and Have Income for Life

Tax breaks for charitable donations come in many flavors, and this year Congress has a new one for seniors called an IRA charitable gift annuity. It allows older owners of traditional IRAs to donate account funds to a charity and get tax breaks plus income payments for life. Brian and Deborah Smith of Park City, Utah, plan to try this option next year. That’s when Deborah Smith turns 73 and has to begin required withdrawals from her traditional IRA. She will donate $53,000 of her $550,000 account to the Episcopal church where the couple is active and Deborah serves on the board. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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