People worry about the financial aspects of retirement, but just as with the rest of your life, money may be the least of your concerns in retirement. Quality of life and your general well being likely take a much higher place on your priority list than the size of your investment account or what the stock market is doing.
September marks World Alzheimer’s Awareness Month. September 21 is World Alzheimer’s Awareness Day.
We all get older and our ability to live independently and manage our personal finances naturally declines as we age. For some of us, however, these declines can be significant and well beyond the “normal” aging process.
Even people who have done extensive estate planning often overlook one important fact: digital assets like your social media accounts, online accounts and other digital information may be frozen upon your death making it nearly impossible for your family and other loved ones to access this information after you die.
Unless specific language is included a traditional will or trust may not always cover your digital estate.
In 2016 the Department of Labor enacted new rules and regulations that will affect financial advisors who work with retirement assets like IRAs. In case you were wondering, that’s pretty much the entire industry.
On April 10th those changes were to go into effect.
Well, that was the plan anyway. Less than a week before the new rules were set to become law, the DOL delayed implementation of the fiduciary rule by 60 days.
The IRS allows IRA and Roth IRA contributions to be funded right up until you file your taxes or until the tax filing deadline (not counting extensions), whichever comes first.
Many of today’s women know a lot about money. Janet Yellen is the Chair of the Board of Governors of the Federal Reserve System. Christine Lagarde leads the International Monetary Fund. And countless other women have accumulated a sizable net worth simply by saving and investing – just like many men have.
Still, a gap exists between men and women when it comes to personal finance and investing. According to studies done by global money management firm, Blackrock, less than half of all women have any interest in investing.
Or so they say.