Owner and CEO of Money Talk: Financial Planning Seminars and Publications.
I write, speak, and review existing content about personal finance topics.
Author of six books, 190+ journal articles, and 1,800+ newspaper columns and blog posts.
Distinguished Professor Emeritus at Rutgers University and a certified financial planner (R) and accredited financial counselor (R).
While most Medicare enrollees pay the standard premium amounts for Part B (outpatient care) and Part D (prescription drugs), some pay more due to higher income.
Understanding the saving and investing resources available to you will allow you to be efficient with your retirement planning.
Retirement planning is a process that, ideally, lasts for decades from your first early career retirement plan contribution to savings withdrawals in later life. Some people get a late start to saving and may need to make trade-offs such as downsizing, retiring later or working during retirement. Take advantage of online financial calculators and government resources to develop a personalized retirement plan.
With mutual funds, you don’t have a whole lot of control because they have to pass the gains on to you. The problem is you don’t know how big those distributions are going to be until very late in the tax year.