If you’re seeking a retirement destination that offers a high quality of life in the U.S., you may need to venture off the mainland, according to WalletHub’s list of the best and worst places to retire. Hawaii is home to the top two retirement destinations with the highest quality of life, per WalletHub’s analysis. Pearl … Read more
Weiquan Lin | Moment | Getty Images The third-quarter estimated tax deadline for 2024 is Monday, Sept. 16, and skipping a payment could trigger a penalty, according to the IRS. Typically, you need estimated payments for any income without tax withholdings, such as earnings from self-employment, contract or gig economy work and investment or retirement … Read more
Skynesher | E+ | Getty Images Rare bipartisan momentum is growing in the House of Representatives to force a vote on a bill that would address a topic Congress typically avoids — Social Security. The bill — the Social Security Fairness Act — would repeal two rules that reduce Social Security benefits for workers and … Read more
Patchareeporn Sakoolchai | Moment | Getty Images Social Security beneficiaries have seen higher cost-of-living adjustments in recent years, prompted by record high inflation. Yet next year’s increase may not be as generous. Based on new government inflation data, beneficiaries may see just a 2.5% increase to benefits in 2025, estimates Mary Johnson, an independent Social … Read more
George Kinder Kinder Institute George Kinder wants everyone to be free. At first blush, that concept of personal fulfillment or enlightenment may seem better suited to the realms of religion or spirituality than personal finance. But Kinder, who’s recognized as the father of the “life planning” branch of financial advice, has preached the interconnection of … Read more
For Bill Gates, the thought of working less than full-time “sounds awful.” Gates, 68, says he hopes to follow in the footsteps of longtime friend Warren Buffett, who serves as chairman and CEO of Berkshire Hathaway at age 94 and has no imminent plans to retire. “My friend Warren Buffett still comes into the office … Read more
If your dream retirement destination includes easy access to iconic amusement parks such as Walt Disney World and Universal Studios, you’re in luck. Orlando, Florida, has been named the best city to retire, per WalletHub’s list of the best and worst places to retire in 2024. But Orlando has far more to offer retirees than … Read more
Molly Richardson, 35, regularly contributes to her 401(k) plan, but the structural engineer said she isn’t too worried about retirement yet. “It’s always something I felt like I could wait until I’m 50 to figure out,” she said. Like many other working adults, Richardson has more pressing expenses for now, she said, such as the … Read more
Hero Images | Getty Images Since most Americans aren’t eligible for Medicare before age 65, many younger retirees rely on Marketplace health insurance, which offers lower monthly premiums through the end of 2025 thanks to boosted tax breaks. But retirees can face a costly tax surprise without proper planning, experts say. As of open enrollment … Read more
Ascentxmedia | E+ | Getty Images With the Federal Reserve poised to start cutting interest rates, experts are divided on what’s ahead for the U.S. economy. While some worry the economy could be in for a broad decline, or recession, others hope the central bank can effectively avoid a downturn and execute a “soft landing.” … Read more
