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News
From Buffett to Beyoncé: What Celebrities Have Said About Inheritance
11+ hour, 43+ min ago (1301+ words) See what Warren Buffett, Shaq, Jay-Z and Beyoncé, Dave Ramsey and Suze Orman have to say about passing down wealth. The Great Wealth Transfer is underway in the United States. Between 2024 and 2048, an estimated $124 trillion in assets is expected to…...
It Took This Retired Arkansas COO 25 Years to Reach $1 Million
14+ hour, 43+ min ago (1780+ words) "It is hard to deny yourself and family something you want when the money is there to have it, to convince them and myself that the sacrifice is worth it in the long run." Welcome to Kiplinger's My First $1 Million…...
Financial Independence Is Just the Off-Ramp: Why Confusing It With Retirement Can Derail Your Plan
15+ hour, 43+ min ago (487+ words) People use "financial independence" and "retirement" as if they're the same milestone. In my experience, treating them as one and the same is where a lot of financial plans go sideways. A question I frequently hear is: When can I…...
The Great Junk Transfer: Why Heirs Want Meaning, Not More Stuff
16+ hour, 43+ min ago (543+ words) Loved ones want your memories, not your attic clutter. A new study reveals why less is officially more when passing down belongings. Dubbed The Great Junk Transfer, a recent study revealed a shift in how the next generation views an…...
I’m a Financial Planner: Why I’d Structure My Wife’s Long-Term Care Policy Differently Than Mine
17+ hour, 43+ min ago (638+ words) Women's longer life expectancies mean long-term care coverage should feature longer benefit periods, higher payout amounts and robust inflation protection. Most research suggests the best time to buy long-term-care (LTC) insurance is typically in your late 50s. Ten years ago, the…...
Don't Put It Off: It's Time to Check That Your Beneficiaries Are Right
2+ day, 17+ hour ago (904+ words) An outdated beneficiary designation can derail even a carefully considered estate plan. Here are the accounts to review and the life changes that should prompt an update. Creating a will is an important part of estate planning, but it doesn't…...
Working Remotely for a US Company From Abroad? What to Know About Your Paycheck and Taxes Before You Move
2+ day, 19+ hour ago (814+ words) If you're going to work remotely for a U.S. company from another country, plan on aligning your employment structure and tax withholdings with payroll before you move to avoid unexpected tax bills and cash-flow headaches. Many U.S. workers who receive the green…...
5 Critical Questions to Ask a Financial Adviser About an Inherited Stock Portfolio
2+ day, 19+ hour ago (1231+ words) Inheriting a stock portfolio comes with big decisions. Before making any sudden moves, ask yourself and your adviser these questions to protect your wealth. An inherited stock portfolio can change your life, but it often arrives at precisely the moment…...
What You Must Know About the Different Parts of Medicare
3+ day, 3+ hour ago (840+ words) Medicare can be complicated, but we've got you covered. Here's a quick guide to the different benefits provided through each part. Medicare can be complicated, especially if you are a new enrollee or someone reviewing their plan during the Medicare…...
How a Living Trust Protects Your Wealth for the Next Generation
3+ day, 9+ hour ago (840+ words) A living trust (or revocable trust) can bypass probate court, safeguard your family’s privacy, and preserve your wealth — if you set it up correctly. A living trust is a legal document you set up while you’re alive to ensure that…...