Dayana Yochim Nerdwallet Published 10:09 PM EST Jan 27, 2019 Precision isn’t always possible when it comes to retirement planning. That doesn’t mean you have to wing it and hope your savings don’t expire before you do. Looking at the income, living expenses and life spans of today’s retirees can help you make the right financial moves so your golden years aren’t tarnished by an unexpected shortfall. What’s an ‘average’ retirement cost? Government and Gallup data reveal a lot about what retirement is like for Americans today. It starts at age 61, even though many tell Gallup they planned to work longer. And based on some morbid math — the average remaining life expectancy of someone who’s made it to their early 60s (23.3 years), according to the Centers for Disease Control and Prevention — you should plan to be retired for at least a few decades. Your mileage may vary based on things such as your work (accountant … [Read more...] about How to estimate the money you will need for retirement
8 annual annuity return
Could you live on your retirement savings for 23 years?
Precision isn't always possible when it comes to retirement planning. That doesn't mean you have to wing it and hope your savings don't expire before you do. Looking at the income, living expenses and life spans of today's retirees can help you make the right financial moves so your golden years aren't tarnished by an unexpected shortfall. WHAT'S AN "AVERAGE" RETIREMENT COST? Government and Gallup data reveal a lot about what retirement is like for Americans today. It starts at age 61, even though many tell Gallup they planned to work longer. And based on some morbid math — the average remaining life expectancy of someone who's made it to their early 60s (23.3 years), according to the Centers for Disease Control and Prevention — you should plan to be retired for at least a few decades. Your mileage may vary based on things such as your work (accountant versus rodeo clown, for example), diet, family health history and participation in extreme sports leagues. The average … [Read more...] about Could you live on your retirement savings for 23 years?
New York Times: Trump engaged in suspect tax schemes, reaping riches from father
President Donald Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents, an investigation by the New York Times has found. Trump won the presidency proclaiming himself a self-made billionaire, and he has long insisted that his father, legendary New York City builder Fred C. Trump, provided almost no financial help. But the Times’ investigation, based on a vast trove of confidential tax returns and financial records, reveals that Trump received the equivalent today of at least $413 million from his father’s real estate empire, starting when he was a toddler and continuing to this day. Much of this money came to Trump because he helped his parents dodge taxes. He and his siblings set up a sham corporation to disguise millions of dollars in gifts from their parents, records and interviews show. Records indicate that Trump helped his father take improper tax deductions … [Read more...] about New York Times: Trump engaged in suspect tax schemes, reaping riches from father
Takeaways From The Times’ Investigation Into Trump’s Wealth
David Barstow, Susanne Craig and Russ Buettner, New York Times Published 1:30 pm PDT, Tuesday, October 2, 2018 Donald Trump and father Fred Trump at opening of Wollman Rink. The elder Trump supporter his son heavily, the New York Times found. Donald Trump and father Fred Trump at opening of Wollman Rink. The elder Trump supporter his son heavily, the New York Times found. Photo: New York Daily News Archive/NY Daily News Via Getty Images Donald Trump, Ivana Trump, Mary Trump and Fred Trump in 1987 at The Plaza Hotel in New York City. Donald Trump, Ivana Trump, Mary Trump and Fred Trump in 1987 at The Plaza Hotel in New York City. Photo: Sonia Moskowitz, Getty Images According to the New York Times, Fred Trump supported his son in many of his projects including loans for converting the old Commodore Hotel into the Grand Hyatt and projects in … [Read more...] about Takeaways From The Times’ Investigation Into Trump’s Wealth
Finding a lost life insurance policy: 3 ways to get started
Susan Tompor Detroit Free Press Published 11:00 p.m. UTC Aug 30, 2018 As we mourn the high-profile deaths of soul icon Aretha Franklin and Arizona Sen. John McCain this week, it's not a bad time to put a spotlight on dreaded topics, such as end-of-life paperwork. No matter how loved or how respected, eventually, people die. And those who are left behind must gather the pieces. So where exactly is that life insurance policy? You might think no one could lose track of a life insurance policy. Think again. At one point, it was estimated that at least $10 billion in life insurance policies nationwide had gone unclaimed or unpaid. My own family ran up against this one when my father died back in 2001. Many families don't know if someone took out a life insurance policy. Or they don't know what company holds the policy. People may move around from one state to another and lose the paperwork. Many times, frankly, people don't like to talk … [Read more...] about Finding a lost life insurance policy: 3 ways to get started