From: www.morningstar.com
On The LongView podcast, Daniel Crosby, author and financial psychologist, discusses his new book on money and meaning, plus the challenges of spending in retirement.
Daniel Crosby is the author of a new book called The Soul of Wealth: 50 Reflections on Money and Meaning. Daniel is the chief behavioral officer at Orion Advisor Solutions. In addition to The Soul of Money, Daniel has…
From: www.medicalnewstoday.com
Medicare is not mandatory, but opting out means losing
Social Security benefits and facing a penalty for late enrollment. People with employer-based insurance may be able to delay enrollment in Medicare without penalties.
Medicare is a federal benefit that people contribute toward through taxes while they are working. A person is eligible to enroll in Medicare when they are 65 years old or have certain disabilities or health conditions.
Original…
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
As 2024 comes to a close, it’s the perfect time for homeowners to make strategic financial moves to maximize savings and prepare for the coming year. Here are some year-end financial tips to consider:
Maximize Your Mortgage Interest Deduction
If you’re a homeowner with a mortgage, you likely know that the interest you pay on your home loan is tax-deductible….
Go to page: Finding Balance: A Guide for Empty Nesters Embracing a New ChapterBy Ted James
Entering the empty nest phase is a pivotal moment that invites self-discovery and the pursuit of new passions. As children venture into their own lives, parents are presented with the opportunity to redefine their own paths. This period can be a time of personal growth, where one can explore interests that may have been set aside. Whether it’s through education, volunteering, or social engagement, the empty nest phase offers a chance to…
From: tifingive.com
The final months of the year signal a surge in charitable giving. Advisors and clients often find themselves caught in a last-minute Giving Season scramble to maximize tax benefits and finalize donation plans by year-end. By encouraging clients to start planning now, financial advisors can help them reduce stress and leverage the advantages of donor-advised funds…
From: wharton.upenn.edu
Wharton’s Stephanie Creary talks with experts from Harvard and Boston University about how to retire successfully and create a life that works for you.
Retirement doesn’t have to be scary.
After investing years of mental, physical, and emotional energy into their work, many employees fear the prospect of retirement. They worry about isolation, a lack of structure, a lack of purpose, even a loss…
From: www.morningstar.com
Some insights on life and work after taking time off.
I’m not old enough to retire, but I’m definitely old enough to appreciate a change of scenery every once in a while. Thus, I’m fortunate to work for a company that gives employees the opportunity to take a six-week (paid!) sabbatical once every four years. People at Morningstar typically use this time to travel,…
What is an important term to know in financial services? Fiduciary.
Watch one advisor talk about how independent Registered Investment Advisors are obligated to act in the best interest of their clients – continuously, comprehensively, completely.
Watch one independent financial advisor talk about being a fiduciary and how she serves clients.
From: www.investopedia.com
Investing attracts different kinds of investors for different reasons. The two major types of investors are the institutional investor and the retail investor.
An institutional investor is a company or organization with employees who invest on behalf of others (typically, other companies and organizations). The manner in which an institutional investor allocates capital that’s to be invested…
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