3 Retirement Strategies That Spin Circles Around a 401(k) | Smart Change: Personal Finance

(Chuck Saletta) It’s true that 401(k)s can be excellent places to start investing for retirement. Indeed, if you get a match on your contribution, investing to maximize that match is without a doubt the first investment you should make. But once you get past that match, there are often good reasons to take a different … Read more

Medicare Part D Premiums Expected to Fall in 2023 – But Seniors Shouldn’t Celebrate Yet | Smart Change: Personal Finance

(Maurie Backman) Of the various costs retirees have to grapple with, health care can be a big one. In fact, seniors are routinely surprised at how high their costs are under Medicare. And that extends to Medicare Part D, which covers prescriptions. Recently, the Centers for Medicare & Medicaid Services said seniors could see their … Read more

38 states that do not tax Social Security benefits | Smart Change: Personal Finance

(Kailey Hagen) With retirement getting more expensive, people want to figure out how to stretch their Social Security dollars as far as possible. You probably know things you can do to increase your benefits, such as increasing your income today. But most people don’t think enough about avoiding taxes on Social Security benefits. Not all … Read more

3 Premium Equity Dividend ETFs | Smart Change: Personal Finance

It cannot be overstated how crucial dividends can be to an investor’s total return, especially when reinvested. From 1960 to 2021, reinvested dividends accounted for 84% of the total return of the S&P 500according to Hartford Funds. In other words, dividends can be powerful. If you want to invest in dividend-paying stocks, look no further … Read more

4 easy steps to lower your tax bill near retirement | Smart Change: Personal Finance

(Stefon Walters) I don’t think it’s a stretch to say that nobody likes taxes. We love the benefits we get from taxes, but no one likes to see their hard-earned money taken away every paycheck. Unfortunately, taxes are a necessary evil and aren’t going anywhere. As you approach retirement, it becomes even more important to … Read more

3 Premium Equity Dividend ETFs | Smart Change: Personal Finance

It cannot be overstated how crucial dividends can be to an investor’s total return, especially when reinvested. From 1960 to 2021, reinvested dividends accounted for 84% of the total return of the S&P 500according to Hartford Funds. In other words, dividends can be powerful. If you want to invest in dividend-paying stocks, look no further … Read more

The 2 Biggest Social Security Problems No One Is Talking About | Personal Finance

(Sean Williams) Social Security is vital to the financial well-being of our country’s retired workers, as well as millions of workers with disabilities and the survivors of deceased workers. The Center on Budget and Policy Priorities released a report in April 2022 showing that nearly 22.5 million people are lifted out of poverty every year … Read more

Generation Z, prepare for the Sticker Shock pension fund | Smart Change: Personal Finance

(Kailey Hagen) Generation Z — those born between 1997 and 2012 — are the newest workers on the scene, and despite the pandemic, inflation, and everything else we’ve been through in recent years, they remain optimistic about their future. Their average estimated retirement age is 63.6, according to a recent study by BlackRock. That’s nearly … Read more

It pays to be patient with dividends | Smart Change: Personal Finance

(Stefon Walters) The rise and fall of stock prices can get a lot of attention, but dividends can play a big part in an investor’s overall return. With Dividend Kings — these are companies that have managed to increase their annual dividends for at least 50 consecutive years — and dividend-focused index funds, dividends can … Read more