You Just Received an Inheritance? So did Uncle Sam!
The only difference between a taxidermist and a tax collector is that the taxidermist only takes your skin. – Mark Twain Don’t try to keep
The only difference between a taxidermist and a tax collector is that the taxidermist only takes your skin. – Mark Twain Don’t try to keep
Politicians, journalists, and lawyers never retire – at least, it seems that way. Arnold Palmer was once asked when he would retire and he said,
This, courtesy of the Financial Planning Association (FPA), of which I am a member: A U.S. Tax Court ruling on IRA rollovers has the IRS
We’re living longer. No news. During your working years you’re saving and accumulating assets. That’s not normally the case for those who retire. Retirement is
We all know the Fed target is 2% inflation; but, since COVID-19 and all the accompanying spending, it’s been tough going for the Fed. While the rate of inflation has been slowly declining, it’s still stubbornly around 3% – and with people living longer, it can still spell disaster for those facing retirement, especially with longer life expectancies.
Retirement milestones should actually begin the day you leave school and enter the workforce; but few people think about retirement at that age. They’re too busy starting careers. If they achieve early success, they won’t even be worried about retirement. It’s been my experience that it’s after age 50 they come through my door. By that time they’re done with stock tips and chasing rainbows. Age 50 has a way of making all of us start thinking.