When you are retired, you have to be careful about the money choices you make. Unfortunately, some of your financial decisions could have consequences you don’t expect. In fact, for many seniors, making one…
Most bucket-list goals come with a price tag. Taking classes, hosting a family reunion, funding a scholarship for a grandchild, visiting your ancestors’ hometown in the Old Country, or finally seeing the Northern Lights…
A $55,000 certificate of deposit earns interest based on three factors: the bank’s posted rate, the term length, and whether interest compounds or pays out periodically. Lock in the right combination and this balance…
Andrea in Connecticut called into Ask An Advisor With Wes Moss with a question worth real money: her employer offers an in-plan Roth conversion, she retires next year, and she wants to know whether…
She is 67, was married for 27 years to a high earner, and watched him remarry. He still hasn’t filed for Social Security. For years she assumed his new wife would collect everything tied…
On a recent Motley Fool Money episode, analyst Lou didn’t dress it up. “A lot of products on Wall Street were built to be sold, were built for the fees, not necessarily built because…
A 73-year-old couple sitting on a $1.5 million traditional 401(k) is about to take their first required minimum distribution. They do not need the cash. They need the optionality. The check is going to…
Every fall, roughly 65 million Medicare beneficiaries enter an enrollment window that presents a simple coverage menu. Original Medicare with a Medigap supplement, or a Medicare Advantage plan that bundles everything together. The marketing…
Most retirement calculators ask the wrong question. They assume the only goal is to stop working completely. Many workers would happily settle for something smaller: a three-day weekend, every week. For a worker earning…
Costa Rica’s Pacific coast has become one of the world’s most popular retirement destinations. Warm weather, beautiful beaches, established expat communities, and a lower cost of living than many U.S. coastal markets continue to…
Two Advisors, Two Answers, One Missing Piece A 66-year-old sits down with two advisors in the same month and walks out with two different blueprints. One recommends a 50/50 stock and bond split. The…
Wyoming consistently ranks among America’s most tax-friendly states. No state income tax, wide-open spaces, light traffic, and relatively affordable housing make it an appealing option for retirees. The question is whether a single 62-year-old…
Ari Taublieb, host of the Early Retirement podcast, recently pushed back on the math that drives most retirement planning. "Most people will write it off and go, well, at 60, I've got to make…
Truck drivers occupy two very different tax universes. Company drivers get a W-2, a payroll-split FICA tax, and access to whatever retirement plan the fleet offers. Owner-operators run a small business, owe the full…
A married couple in their late 50s with $1.8 million in a traditional 401(k) and a paid-off house faces a growing tax bill at age 73. One Reddit poster on r/retirement put it bluntly,…
