Retirement
What You Need To Know About Taxes And Gold Profits
Many investors who prospered from gold’s bull market will be surprised by how profits on their gold investments are taxed. Gold is a collectible in…
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
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.…
What Does Medicare Not Cover? Five Things To Look Out For
Medicare is a lifesaver for most retirees who need affordable health coverage after age 65. However, it’s very different from…
Why Retirement Savings Incentives Are Ripe For Improvement
A call to scrap tax breaks for retirement plans and use the savings to shore up Social Security has some…
Can We Age Well If We Keep Ignoring Healthy Aging Advice?
For most people, there is a belief that aging well is a matter of luck. In their minds, how they…
Steer Clear Of Medicare Misinformation And Avoid Costly Mistakes
Early in the new year, a severe winter storm warning for our area resulted in the closure of my grandsons’…
Will Retirees Get A Big Income Jump From 2025 Social Security COLA?
While the inflation rate has been easing downward, retirees' budgets are still being stretched pretty thin. Over the past few…
The Stunning Cost Of The Best Care At Home For Wealthy Elders
Most people, when asked, say they want to “age in place” at home for as long as possible. When an…
What’s Your Wealth Activation Score?
Whether you’re trying to get rich quickly or slowly, there are a plethora of playbooks out there about saving, investing,…
No, I Don’t Hate 401(k)s — I Want Pensions For All, Not Just A Few
Sometimes, it’s necessary to correct the record. The other day, a click-baity, highly misleading headline blared: “Teresa Ghilarducci Confirms Proposal…
What Would Raising Social Security’s Retirement Age Mean For Retirees?
You might have read that Social Security might raise its retirement age as a means to help fix the program’s…
How Much Will You Need To Save For Healthcare In Retirement?
Even for the healthiest Americans, the cost of health care in retirement can be astronomical. Don’t even get me started…
Wealthy Families: Consider These Planning Ideas Before ‘The Sunset’
The clock is ticking on the expiration, or sunset, of the 2017 Tax Cuts and Jobs Act, which nearly doubled…
U.S. Centenarians Projected To Quadruple By 2054—Will You Be Prepared?
In 30 years. the number of people reaching age 100 in the U.S. is projected to quadruple, according to a…
Navigating The Corporate Transparency Act: Estate Plan Implications
The Corporate Transparency Act (CTA) is a federal law that took effect on January 1, 2024. It was enacted to…
Ditching The Stereotypes: Unveiling The Financial Savvy Of Gen Z
The Millennials have taken so much generational bashing that it’s almost become passe. This apparently entitled bunch of the supposedly…
Social Security Benefits Seem To Be Increasing, But Are They Really?
In response to the recent burst of inflation, the government increased Social Security benefits significantly in the past two years.…
The Three Types Of Career Changes And How To Manage The Costs
In spite of all the changes to work-life over the past few years following the pandemic, one thing that has…