When it comes to your 2018 taxes, the author of today’s article has some advice: Figure it out now. Why? He explains “I have a feeling the 2018 tax year is going to be a memorable one for many of us. Revisions to the tax code rushed through Congress in the dying days of 2017 have implications for almost everyone. And if you haven’t been paying attention, those implications could be unwelcome.” For more on those implications – including a “capital gains trap” to beware of, deductions that have been eliminated completely, and a “long-term trap” for the middle class – CLICK HERE.
Today’s article outlines a screening process whereby the over 7500 companies traded on U.S. exchanges are filtered down to five large-cap, dividend-paying companies currently trading at large discounts that may be especially attractive to investors over age 50 – or any income-seeking investor. Specifically, these five stocks “all have “A-” or better debt-rating, at least 10% dividend growth in the last 5 years, have at least 10 years of dividend history and trading on an average of -21% from their 52-week highs. Their average dividend at this time is 4.22%.” CLICK HERE.
“A lifelong, low-cost investment strategy that I believe is likely to produce superior long-term returns without much attention from you” is what the author of today’s article lays out. The strategy in question is comprised of two “building blocks” – a target-date retirement fund at the core and a “booster fund” to generate higher long-term returns with little extra risk. For more on this strategy – including which type of fund may provide the greatest boost and a formula for determining how much of your portfolio to devote to each component – CLICK HERE.
High-deductible healthcare plans can be unappealing thanks to that high deductible. However, high-deductible healthcare plans are increasingly being offered along with health savings accounts – which, along with their traditional uses (as short-term vehicles to cover out-of-pocket healthcare costs and as long-term savings vehicles for the “wealthy and healthy”) can be used in other ways that get less attention. Specifically, today’s article looks at how HSAs can be used to cover non-healthcare expenses prior to retirement, any expense after 65, and long-term care. For more, CLICK HERE.
At the recent Boot Camp for Investors, a panel of experts discussed considerations when planning for the new retirement – one that could last 20 to 30 years. For what the panel had to say about income investing, cash flow control, the value of ETFs (“So they’re cheap, they’re diversified all good news, but there are also some potentially nasty surprises in some flavors in the marketplace.”), the biggest mistakes retirees make and more, CLICK HERE.
What does the current amount of your retirement nest egg translate into in terms of future monthly retirement income? In light of the fact that a recent piece of research found that more than half of U.S. workers aged 20 to 79 have difficulty figuring out this conversion, today’s article identifies two ways to estimate that monthly income figure – one way which is perhaps the simplest and another which is also simple (but perhaps less exact). For more – including one big benefit of learning how much your nest egg might produce in monthly income – CLICK HERE.
Despite a number of anxiety-inducing market routs, stocks have performed quite nicely this year. That impressive performance, however, brings with it some potential problems for investors, including off-balance portfolios and taxes on gains. As the author of today’s article notes, “a lofty market environment presents a lot of potential tax traps, as the appreciated winners in a portfolio that are most in need of trimming also carry the highest embedded gains.” As such, she proceeds to outline some strategies to minimize your tax bill in this lofty market. For more, CLICK HERE.
Given its recent moves, investors have reason to be anxious about the market – and none more so than investors who are at retirement’s doorstep. For those in that group, today’s article outlines a number of strategies to consider, as identified by top financial advisers. First, however, the author advises that “It’s critical that you…draft a retirement-income plan”, noting that “Those who have such a plan don’t worry about market declines. And those who don’t have a plan, worry.” For how to create a retirement-income plan – and for the aforementioned strategies for protecting your retirement portfolio from market volatility – CLICK HERE.
Whatever your planned retirement age, you’re likely to retire closer to age 61 than you think. This is one of the findings of a recent study of retirement data, which found that “planned and actual retirement ages align at 61, with those planning to retire earlier than that tending to retire later than expected, and those planning to retire after 61 tending to retire earlier than expected. In other words, actual retirement ages pull toward 61.” What did the same study find about predicting who will end up retiring earlier (or later) than planned – and what are some strategies for dealing with the challenges presented by the magic retirement age? CLICK HERE.
What’s the one thing most preventing you from building wealth? The author of today’s article makes the case that, when it comes to building wealth, “one financial decision in particular has been absolutely catastrophic for people at every income.” In fact, he outlines how taking a different course when it comes to this particular financial decision has the potential to generate hundreds of thousands of dollars by retirement. So what is this wealth-killing decision – and how can you change your mind set about it? CLICK HERE.