Advisors

Tara Moore | Getty Images Social Security beneficiaries could be in for a bigger cost-of-living adjustment next year, if current economic trends continue. But just how much farther an increase to those monthly benefit checks will go will depend a lot on inflation. The Senior Citizens League, a nonpartisan senior group, released its first official
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In this article MBAYX Caiaimage/Robert Daly | Getty Images Chances are that deciding when to claim Social Security likely will be one of the biggest retirement choices you will ever make. Yet a recent survey from MassMutual found that many pre-retirees are getting key facts about the program’s rules wrong — and just one mistake
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Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio, on Dec. 19, 2020. BRAD LEE | AFP | Getty Images The U.S. economy is on the mend. But the unequal — or K-shaped — nature of the recovery persists. Economic activity is on pace to return to pre-pandemic
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Image by Marie LaFauci | Moment | Getty Images Any possible tax changes for ultra-high-net-worth and high-net-worth investors could result in an increased tax burden.  That means there’s motivation to find ways to protect that wealth. Some solutions that reduce exposure to specific anticipated Biden tax increases involve making charitable donations — a plus for the charitably
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Tanya Constantine | Tetra images | Getty Images For a while, it looked like tax season might not deliver the usual refund euphoria that grips most Americans every spring. With so many people drawing unemployment benefits in 2020 and changes around tax withholding meaning less is being pulled from employee paychecks, many tax advisors expected
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Ariel Skelley | The Image Bank | Getty Images With age comes increased frugality. As people reach retirement age, it’s been common practice to get rid of what you don’t need, including personal items, extra expenses and oversized, hard-to-manage properties. For years, the average American retiree has charted a predictable course through retirement, choosing smaller,
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