Arecord number of Americans have at least $1 million in their 401(k) accounts, according to data from Fidelity Investments. As of the third quarter of 2020, there are around 262,000 401(k) millionaires in the U.S. Read more at https://journalnow.com/business/investment/personal-finance/5-moves-to-ensure-youre-a-retirement-millionaire/article_585ad2d2-72b4-57de-8c2c-f7c7228ee880.html
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Dear Len and Rosie, I am one of nine adult children. Our 81-year-old very stubborn mother owns her home free and clear. She is a bit gun shy about discussing her estate, and she has no will. Whenever we try to talk to her about getting a will or a trust, she always says, “Don’t […]
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As millions of Americans embark on the annual ritual of tax preparation this year, many will buy tax software or hire human tax preparers — and it probably won’t be cheap. Tax software can easily run $100 or more for many people, and human tax pros charge $203 on average to do a tax return, […]
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The COVID-19 pandemic has put a spotlight on legacy planning by highlighting the need to get estate plans in order — a task most of us have admittedly neglected. Factor in the prospect of a lower estate tax exemption in the near future and an aging, affluent baby boomer population and it seems that 2021 […]
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Pre-retirement steps include reviewing what you expect to pay in taxes and how you will cover health care costs once you stop working. For most people, retirement seems like a faraway dream, something that will happen “one day.” That faraway dream becomes a lot more real and far more serious the decade before you retire. […]
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