How to make the most of FERS, Social Security and your TSP
From FY1970 to FY1985, the number of people receiving federal civil service annuities rose from fewer than 1 million to nearly 2 million, an increase of 105%. Between FY1985 and FY2022, civil service annuitants rose by 767,000, an increase of about 39%. In FY2022, all CSRS employees were 55 or older, compared with 32% of […]
How to Stick to Your Retirement Budget in 2026
4. Use a benefits checkup tool Regardless of your financial situation, it’s smart for older folks to educate themselves about any benefits for which they might qualify, Waterman says. You can research your benefits by using the council’s free online tool, BenefitsCheckUp. Americans leave more than $16 billion in government benefits for which they qualify on […]
How to claim money from ‘Trump accounts’ program
Tech CEO Michael Dell and his wife Susan pledged Tuesday to contribute $6.25 billion to so-called Trump accounts, a type of tax-advantaged savings account for children. The commitment will expand access to seed money for eligible children too old to qualify for the $1,000 grants that are set to come from the Department of the Treasury. With the additional funds, […]
How to talk to your adult children about their inheritance
Momo Productions | Digitalvision | Getty Images Older Americans really don’t like talking to their adult children about inheritances, a new study suggests. About two-thirds — 68% — of parents age 55 or older with at least $500,000 in investable assets haven’t told their grown children what they’ll inherit or if they’ll inherit anything at […]
How to keep premium tax credits
Andresr | E+ | Getty Images The so-called subsidy cliff for Affordable Care Act health insurance premiums is about to return in 2026. But there are steps households can take to avoid the cliff — and potentially save thousands of dollars on premiums next year, according to financial planners. The subsidy cliff refers to the […]
Make the most of health care expenses before end of year
Momo Productions | Digitalvision | Getty Images As health-care costs continue to climb, you may want to make sure you’re not leaving valuable tax breaks or pre-tax dollars on the table this year. Rising premiums, steeper deductibles and higher out-of-pocket maximums have put more pressure on household budgets, making year-end planning important, experts say. Among […]
Mutual fund capital gains payouts are coming. Here’s how to avoid it
Violetastoimenova | E+ | Getty Images LAS VEGAS — As 2025 winds down, many investors are bracing for year-end mutual fund distributions, which can trigger a hefty tax bill for assets held in a taxable brokerage account. But there are strategies to avoid the payout, experts say. For 2025, “you’ve got some pretty eye-watering numbers,” […]
These inherited IRA mistakes could reduce your windfall, advisors say
Juanma Hache | Moment | Getty Images While many investors welcome a windfall, the rules for inherited individual retirement accounts are complicated — and mistakes can be costly. Since 2020, certain inherited accounts are subject to the “10-year rule,” and heirs must empty the balance by the 10th year after the original account owner’s death. […]
How to create a plan
Even as a record number of Americans are reaching retirement age, many adults have not considered the impact that inflation and Social Security benefits will have on their financial future. A new global survey by Prudential found 89% of wealthy U.S. adults polled said they are confident they’d be able to cover essential costs in […]
Have Rs 1 crore retirement corpus? How to get Rs 1 lakh monthly income for longest period
If you have Rs 1 crore and want to plan your retirement in a way that your corpus lasts your life, the basic question to ask is how long your retirement phase will last. Do you want money for the next 20 or 30 years or a longer period? Deciding it may be your dilemma. […]