For decades Wall Street has promoted the idea that investment success can only be achieved by entrusting one's money to the smartest, hard-working analysts who consistently pick the "right" stocks, the ones that will do better than the market. I can recall in the late 1990's suggesting to the trust department where I worked that perhaps we should index a portion of our client portfolios. It was not well-received.
The Social Security cost of living adjustment (COLA) increased 2% for 2018. However, some recepients will be surprised to find that this COLA was actually offset by higher Medicare Part B premiums, which are deducted directly from benefit payments. Higher income retirees can see their Part B premiums increase due to a surcharge known as Income Related Monthly Adjustment Amount. Depending on one's income, the Medicare B surcharge may exceed the COLA.
Have you resolved to get your financial house in order in 2018? Here are five financial mistakes to avoid in the new year.
President Trump is expected to sign the Tax Cuts and Jobs Act of 2017 later this week. We've prepared an overview of key provisions of the bill.
So many books, so little time! Here's a list of books to help the special someone in your life with their financial literacy.