Financial Pros and Cons of Getting Married Late in Life
...Love is wonderful, but there may be a few practical questions to consider...
...Love is wonderful, but there may be a few practical questions to consider...
...The focus of this paper is on describing and measuring marriage penalties faced by widow(er)s caring for children...
...The significance of the potential for Social Security taxes generating a positive ROI is that, at a minimum, paying FICA taxes for many is less of a “tax” and more of a forced-savings investment with a bond-like return (albeit not available as a liquid account balance and only as a lifetime Social Security annuity payment)...
...Our goal shouldn’t be to pursue perfection in our decision making, but to get really good at knowing when we need to make a change...
...Tax strategy is far from simple - yet if done right, planners can create large amounts of tax alpha for clients in any phase of life...
“Wealth is not about having a lot of money; it’s about having a lot of options.” Chris Rock
...Distractions can lead to delays in getting your work done and could cause you to make mistakes, disrupting an otherwise harmonious office environment...
The Seven Financial Sins Of Millionaire Households
...Strategies that manage AGI become very appealing for those nearing the IRMAA thresholds, especially if income can be manipulated to come in just below one of the tiers...
The end result is that while borrowing from a 401(k) plan may be an appealing option for those who need to borrow – where the effective borrowing cost is not the 401(k) loan interest rate but the “opportunity cost” or growth rate of the money inside the account – it’s still not an effective means to actually increase your returns, even if the 401(k) loan interest rate is higher than the returns of the investment account. Instead, for those who have “loan interest” to pay to themselves, the best strategy is simply to contribute the extra money to the 401(k) plan directly, where it can both be invested, and receive the 401(k) tax deduction (and potential employer matching!) on the contribution itself!
...No surprise health and finance topics listed near the top...
Some questions have an easy answer and a hard answer. “How much should I contribute to my 401(k)?” is one of them.
Maximizing your Social Security benefits isn't easy, especially since there are hundreds of rules governing payments alone. But since most retired Americans depend primarily on Social Security, it's important to get everything you're entitled to.