Retirement

How Studebaker Shaped the IRA

2015 marks the 40th birthday of the Individual Retirement Account (IRA). Born under the Employee Retirement Income Security Act (ERISA) of 1974, Congress introduced this new type of retirement plan in response to private pension breakdowns – most notably that of car manufacturer Studebaker-Packard. In 1963, Studebaker-Packard filed for bankruptcy and couldn’t afford to pay […]

Retirement

Retirement: Forget What’s My Number! What’s My Income?

If you’ve noticed lately, the thinking around retirement has moved away from ‘what’s my number?’ to ‘what do I get from that number?’ The realities of retirement have been changing over the last decade.  Fewer retirees can depend upon pensions and the income that they provide.  Social security considerations for inflation have nearly vanished.  A […]

Wedding

Coupling Finance and Romance: Becoming a Money Team

Love is very emotional, and we do curious things under its spell. One of the peculiar things many love-struck couples do is to avoid the money conversation, yet it’s one of most important matters in a relationship. “Money is the number one topic of conflict in relationships,” says Atlanta-based financial psychologist Dr. Mary Gresham. Although […]

College

Financial Aid Awareness Month: Paying for College

The burden of paying for college is a source of stress for many students and their parents as the cost of tuition continues to climb at a staggering rate of 8% per year. The College Board reports the average yearly cost of a private four-year college is $42,419 — up 60% from 10 years ago. […]

Family

Intergenerational Mentoring: Developing Mutually Beneficial Relationships

Mentoring can not only make a difference in the life of a child, it can also make a difference in your life. Sharing your time, attention, life experiences and knowledge with a youth can help them channel their talents and achieve goals – while also reducing your stress, improving your brain function and overall outlook […]

Retirement

A Happy Retirement is a Healthy Retirement

There’s nothing more important than good health. In fact, 81% of retirees say that health is the number one ingredient in a happy retirement, according to a recent study conducted by Merrill Lynch in collaboration with consulting and research firm Age Wave. Retirement is a life-long process – the daily choices you make before and […]

Retirement

New IRA Rollover Rule in 2015

Earlier this year, the IRS issued clarification limiting how you can shift your IRA money around. Beginning in 2015, you can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs you own. However, taxpayers can still make unlimited trustee-to-trustee transfers because […]

Retirement

Ready, Set, Retire: Retiring as a Couple [Video]

Retirement can oftentimes change the dynamic of a relationship. Couples who are transitioning into retirement can prepare for this new life stage by considering the various opportunities and challenges that come with it. Kevin McCormally of Kiplinger explains more about the importance of communication before and during retirement.

Retirement

Ready, Set, Retire: Relocate or Stay Put? [Video]

Many retirees’ wrestle with the decision on where to live. While it may seem exciting to move to a new place in retirement that has more leisure activities, a lower cost of living or just nicer weather – many people choose to retire “in place” where their family and community is already established. So, how […]

Retirement

Behind the Scenes with Kiplinger: Phasing Into Retirement [Video]

Retirement was once viewed as a destination — a fixed period to rest and relax after years of hard work. However, retirement is now more fluid with many approaching retirees shunning a hard stop in their careers and taking a more gradual approach. In this episode of Behind the Scenes with Kiplinger, brought to you […]

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