I’m retired and currently manage my IRA portfolio of 10 different funds. But I’m thinking I’d like to simplify my portfolio and my life. Short of hiring an adviser to oversee my investments, what do you recommend?—Paul It’s no surprise to me that you’d want to streamline your investment approach. After all, retirement is a…
All working Americans need retirement savings, regardless of gender. But the need is particularly strong for women, since they have a tendency to live longer than their male counterparts. They’re also more likely to require paid care at some point — as a spouse may not be around to provide care. It’s therefore unsettling to…
Running out of money in retirement is a huge concern. And given that a large number of workers in their 50s and 60s are behind on savings, it’s a clear source of stress for those who don’t feel adequately prepared. The good news is that there are several tactics you might employ to boost your…
It’s the easiest part about doing your taxes, but some people still forget to do it. When you file online you won’t be able to submit the return without your typed signature — two signatures if you’re filing jointly. But when filing on your own, this is often overlooked. “An unsigned tax return is like…
Some Democratic state senators in New York are trying an end run to get Donald Trump’s taxes into the public view by introducing legislation that would reveal his state tax returns for the last five years. The legislation — dubbed the Tax Returns Uniformly Made Public Act (or TRUMP Act) — would require the state…
Here are two shockers: Big Oil wants to tax itself to fight climate change. And it wants the proceeds to go to American families. Major oil companies including ExxonMobil (XOM), BP (BP), Royal Dutch Shell (RDSA) and Total (TOT) backed a carbon tax proposal on Tuesday that has been gaining traction in Washington. Other big-name…
Republicans in Congress are gearing up to fight for lower tax rates. But how do you pay for those cuts? One possible solution on the table: Taxing you on your retirement savings up front. Several people in the retirement savings industry fear that lawmakers will choose to “Rothify” some or all of employees’ 401(k) contributions….
High returns aren’t the only factor to consider when choosing your investments. A tax-efficient portfolio can save you enough on your tax bill to nicely compliment your investment returns. Take a look at your own portfolio to see if you’ve implemented the following tax-shrinking tips. 1. Max out your tax-advantaged accounts Investors have plenty of…
Max Verstappen’s come-from-behind win in the pouring rain at the Brazilian Grand Prix didn’t just put him a lot closer to a fourth straight Formula One title. After 10 races without a win, it also reminded everyone of why the Dutch driver is a three-time champion in the first place. Verstappen delivered one of the…
President Trump vowed Monday that the tax break for 401(k) plans will be kept in place under the administration’s tax reform proposal, despite reports to the contrary. “There will be NO change to your 401(k). This has always been a great and popular middle class tax break that works, and it stays!” he tweeted early…
