New fiduciary rule would benefit all of us

  The Department of Labor is trying again. This week, a proposed new rule, backed by the president, would force all financial advisors to adopt a “fiduciary responsibility” towards their clients when overseeing retirement plans. If passed, it could substantially...

How to make the most out of Social Security

  Yes, it’s complicated. Social Security benefits have been around since 1935 and, like taxes, have become increasingly complex through time. Most people are losing out because they don’t understand the fine print. Starting today, you will, so read on. For most...

The joint business is jumping

  Today, more than 7 million Americans are no longer limping. Instead, they are trotting around with the assistance of artificial knees, hips or both. Every year another million of us will join the crowd, and that number is expected to grow as America ages....

IRA Distribution Time

Information abounds on why and when you should contribute to a tax-deferred savings plan such as an Individual Retirement Account (IRA). Less is known about what happens in retirement when you have to take money out of these plans. For those who turned 70 ½ years or...

Workers get to save more in 2015

The IRS has given us all a New Year’s gift. As of January 1, the tax-deferred contributions on a variety of employee-sponsored, retirement savings plans have been increased, but not for IRAs. Readers may already be familiar with the traditional 401(K) Plan. It was...

Money and divorce, what you should know

  You never paid attention to the family finances. Suddenly, your spouse wants a divorce. Fortunately, it’s an amicable separation and you agree to split things up equitably. Where do you begin? The above scenario is much more common than you think since the odds...