Retirement

IRS says in a recent ruling that if you modify an irrevocable trust to add a tax reimbursement ... clause the beneficiaries will be deemed to have made a gift to the trust creator.gettyIntroduction to the CCA In a recent Chief Counsel…

Retiree investors shouldn't get too excited about the 2022-2023 stock market whipsaw.gettyThe S&P 500 gained 26.29% during 2023 when you include the return from dividends. This 2023 return more than offset the 18.11% loss during 2022.…

Corporate Transparency Act raises new reporting requirements but there may be some simplifying and ... practical approaches to consider.gettyThe Corporate Transparency Act (“CTA”) is upon us. January 1 all new entities have to register…

Time Flat Design Education Icon with Side ShadowgettyA number of CMOs either choose to retire early (their 50’s) or they transition into an entirely different career. As somebody who left the CMO world behind in my 40’s to pursue a career…

By Ellen Ryan, Next AvenueIrene Glowinski, who works at a nonprofit that cooks meals for and delivers selected groceries for ... low-income people vetted to have specific illnesses, from diabetes to cancer to renal disease.Courtesy of Jay…

You’ve heard the adage “use it or lose it”. It’s particularly apt in describing what happens as we age. Typically we move less, lose muscle strength, and suffer the consequences of losing independence, have greater fall risk and other…

By Ellen Neuborne, Next Avenuegetty My book club meeting was finishing up when one of the women approached to ask me a favor. "Will you take a look at my resume?" she asked. I'm an editor by profession and I get that request a lot. "I've…

By Richard Eisenberg, Next AvenueGetty Images A great feature of traditional Individual Retirement Accounts (IRAs) and employer-sponsored retirement plans like 401(k)s is that their money can grow tax-deferred for years. But eventually, the…

In 2024 commit to updating and improving your estate plan.gettyYes You Have to Update Your Planning Estate planning is about as much fun as getting a root canal. Unless there is a strong driver, like a pending change in taxes (there is with…

Don't make the mistake of not enrolling in Medicare Part B.getty A New Year’s resolution is a promise to yourself to do something good in the year ahead. If you are older than 65 and retiring or losing your job in the near future, here is…