These 3 common tax myths could actually hurt you

With tax season officially open as of Jan. 27, taxpayers may feel a familiar sense of anxiety. In fact, about 1 in 3 taxpayers told Credit Karma Tax in a recent survey they typically get anxious about prepping their taxes. Tax anxieties are higher among younger...

Multigenerational Wealth Preservation: What You Need To Know

Considering that it is estimated that 90% of affluent families lose their wealth by the third generation, a proactive approach is needed to tackle the inevitable obstacles that family businesses will encounter with succession and inter-generational wealth transition....

This age could be the new benchmark for retirement

KEY POINTSA recent survey shows the typical retirement age in the U.S. and around the world is moving up. The traditional retirement age — 65 — is giving way to a new benchmark — 67. A majority of U.S. workers — 54% — plan to stop working at some point after 65, or...

12 Cheap (And Simple) Ways To Upgrade Your Life Insurance Policy

Though life insurance policies can often seem like a one-size-fits all financial arrangement, it’s really anything but. Beyond choosing basic policy provisions, like the death benefit amount, the policy term (in the case of term life insurance), or even the monthly...

What FICO score changes could mean for retirees

There are ways to prevent the FICO 10 system from lowering your credit score Fair Isaac, FICO, -1.17% the giant credit score company, recently announced the biggest change since 2014 in how it determines its FICO credit scores. This new FICO 10 system — expected to go...

A Big Breakfast May Help You Burn Double the Calories

People who eat a big breakfast burn twice as many calories compared with those who eat a larger dinner, according to a new study. Over the course of 3 days, researchers evaluated 16 men who alternated eating a low-calorie breakfast and a high-calorie dinner and vice...

How AI Can Live Up To Its Hype In The Healthcare Industry

“What’s the problem you’re trying to solve?” Clayton Christensen, the late Harvard business professor, was famous for posing this aphoristic question to aspiring entrepreneurs. By asking it, he was teaching those in earshot an important lesson: Innovation, alone,...

Nature makes children happier, science shows

(CNN)As my wife, daughters and I hiked through the woods at one of the many state parks near our home, I explained to them how we were doing three things that were simultaneously boosting our happiness at that moment. First, we were getting exercise, a proven mood...

The Only Insurance Policies You Need After Retirement

RETIREMENT IS WHEN everything changes. Seniors may end up with new schedules, new hobbies and even new homes. In the midst of all these exciting changes, don't overlook the mundane: your insurance coverage. With a new season of life at hand, old policies may no longer...

What to do if your parents need a bailout

How to spot warning signs of financial problems Often, adult children need some money from their parents. But what do you do when your parents need financial help? You won’t be alone. According to a 2019 study by the Transamerica Center for Retirement Studies, 8% of...

How to invest if you want to buy a house in 10 years or less

Investing your down-payment savings is only a smart move if you're not planning to buy a house in the next two years.  If you're planning to buy in the next two to five years, you might want to consider CDs, or certificates of deposits, as a low-risk investment that...

How Wealthy Investors Look for a Financial Advisor

How Wealthy Investors Look for a Financial Advisor

It’s a common assumption that wealthy individuals already have financial advisors assisting them, making them difficult to engage as prospects. But this isn’t always the case; some have quietly accumulated wealth over their lifetimes without the help of others –...

Understanding Whole Life Insurance

Understanding Whole Life Insurance

Whole life insurance is one type of permanent life insurance that can provide lifelong coverage. It provides a variety of guarantees, which can be appealing to someone who doesn’t want any guesswork after buying life insurance. Whole life insurance combines an...

How To Manage Financial Risk Starting A Business In Retirement

How To Manage Financial Risk Starting A Business In Retirement

Modern retirement is no longer a career-ending event, but instead, often a professional reinvention. “For many people, retirement is a time to take on an encore career or start a new business,” says Jamie Hopkins, director of retirement research at Carson Group. Just...

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