Retirement
Inherited IRA Rules That Can Surprise And Trap Heirs
Congress and the IRS made inheriting an IRA a very complicated, confusing event. Inherited IRAs are accompanied by a host of little-known rules that are…
Your best advisor to finance and money management.
Explaining Finance is your one-stop website for the latest news, updates, and tips about finance.
Latest News
Your Filing Age For Social Security Impacts Your Lifetime Benefits
There is a right and wrong age when it comes to filing for Social Security benefits. The key to determining…
Index Funds Surge In Popularity But Pose Risks For The Market
John Bogle once said index funds would never compromise more than half of the total mutual fund market. That was…
Larry Fink And Bernie Sanders Agree: We Have A Retirement Crisis
When a billionaire corporate executive and Senator Bernie Sanders agree on something, it’s worth paying attention. If they had a…
Battling Burnout: How To Turn Self-Employment Income Into Wealth
The one consistency in the US labor market has become burnout. Between long hours, uncertain financial futures and a general…
How To Boost Your Retirement Savings By 3% Overnight
Recently I wrote about the new Robinhood Gold Card. It pays 3% cash back on all purchases, making it one…
How Much To Save At Every Age And Income Level
JP Morgan Asset Management recently released its 2024 Guide to Retirement. The guide attempts, among other things, to answer two…
Saver’s Credit Helps You Save: Do You Qualify?
Time to Get to Know the Saver’s Credit The Saver’s Credit (aka the Retirement Savings Contributions Credit) helps lower to…
Why Bernie Sanders Is Right About America’s Retirement Crisis
America’s retirement and elder poverty crisis is painful, frightful, and undeniable—yet some experts are denying there is a retirement income…
Did You Know? Medicare Does Not Cover A Physical Exam
A friend, new to Medicare, asked me whether Medicare covered annual physicals. I told him, “No, it doesn’t.” The Social…
Is This Sun-Soaked Spot Europe’s Happiest Expat Haven?
A recent study into expat happiness around the world saw Old World great Spain dominate the rankings. Valencia was crowned…
Break The Cycle: How Your Beliefs Can Block Or Unlock Financial Success
I was stuck a few months ago. After the unexpected but welcome blessing of the birth of our healthy newborn…
Who Refuses To Sign Legal Documents After They Are Prepared?
Any estate planning lawyer who drafts wills, trusts, powers of attorney and healthcare directives would tell you something frustrating: some…
The American Economy And People Are Much Better Off Than 4 Years Ago
It is election season. This is a time when the question of whether people are materially better off than they…
‘Creditable’: The Key In Medicare Drug Coverage
Here are two very important questions I ask clients who are over 65, still employed, and considering Medicare enrollment. One:…
High Corporate Profits Go To Dividends And Cash Stockpiles
The strong economic recovery since the pandemic started has been good for almost everyone. Nonfinancial corporations are no exception. They…
Medicare Advantage Commercials Aren’t So Bad Now But The Marketing Still Is Problematic
Remember the fall of 2022? No matter when you turned on the TV, you saw a former NFL player or…
Do Nursing Homes Low-Ball Profit Reports To Get Higher Government Payments?
Do nursing home owners understate the profits they report to federal regulators by shifting income to related businesses? Two academic…
Taxable Account Versus Tax Sheltered IRA
You might be able to save yourself tens of thousands of dollars by reshuffling positions between taxable and tax-sheltered accounts.…