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Archive for the ‘ News ’ Category

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The wealthy now have more time to avoid estate taxes, thanks to an IRS change

July 25th, 2022

If your family has significant wealth, it’s now easier to avoid federal estate taxes, thanks to recent changes from the IRS. Here’s what to know. Originally Published on CNBC.com  Read More

Retirees could see their monthly Social Security checks jump by $175 next year. Is that enough to keep up with inflation?

July 21st, 2022

Social Security recipients may see one of the biggest cost-of-living adjustments in decades in 2023. It will still be hard for many retirees to pay bills. Originally Published on CNBC.com  Read More

This withdrawal strategy can help retirees stretch savings, but it’s ‘highly unlikely you’d stick to it,’ says CPA

July 20th, 2022

While some retirees rely on the so-called 4% rule, another approach involves the required minimum distributions that come with 401(k) plans and non-Roth IRAs. Originally Published on CNBC.com  Read More

4 strategies that can help you avoid paying extra every month for Medicare premiums

July 16th, 2022

While most Medicare enrollees pay the standard premium amounts for Part B (outpatient care) and Part D (prescription drugs), some pay more due to higher income. Originally Published on CNBC.com  Read More

Lawmaker urges Yellen, Treasury Department to remove ‘red tape’ for Series I bonds

July 14th, 2022

As the cost of living soars, one lawmaker is urging the Treasury Department to remove the barriers to buying Series I bonds. Originally Published on CNBC.com  Read More

Inflation is still soaring — but here’s why it’s less likely to hurt some retirees

July 13th, 2022

Annual inflation grew by 9.1% in June, but some retirees won’t feel the brunt of many soaring costs, experts say. Originally Published on CNBC.com  Read More

Rate resets on 9.62% interest, taxes, inherited assets: Experts weigh in on 3 tricky questions about Series I bonds

July 10th, 2022

The demand for Series I bonds has skyrocketed as investors seek refuge from soaring inflation and stock market volatility. Here’s what to know before buying. Originally Published on CNBC.com  Read More

Some experts say a recession is coming. Here’s how to prepare your portfolio

July 2nd, 2022

Some 68% of chief financial officers expect a recession to occur during the first half of 2023, according to a CNBC survey. Here’s how to prep your portfolio. Originally Published on CNBC.com  Read More

How to save $750,000 for retirement with a $35,000 salary, broken down by age

June 30th, 2022

If you start saving early in your career, a small percentage of your salary can add up to $750,000 for your retirement fund. Here’s a breakdown. Originally Published on CNBC.com  Read More

Retirees planning to travel should check their Medicare coverage to avoid costly surprises

June 29th, 2022

Depending on the specifics of your Medicare plan, you may not have coverage at your destination, whether in the U.S. or beyond its borders. Here’s what to know. Originally Published on CNBC.com  Read More

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