Tag #Financial Planning

cnbc.com
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IRS to Enforce 2025 Inherited IRA Penalties

In 2025, the IRS will enforce penalties for missed required minimum distributions (RMDs) from inherited IRAs for non-spouse beneficiaries who inherit from an IRA owner who reached RMD age before death, impacting adult children and others; they must empty the account within 10 years with yearly withd...

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44% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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Maximize Small Business Tax Deductions to Reduce Taxable Income

Small businesses can significantly reduce their tax liability by claiming deductions for various expenses, including office supplies, utilities, rent, employee wages, travel, vehicle use, home office expenses, professional services, insurance premiums, education, advertising, charitable donations, b...

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32% Bias Score

Reduced Inequality
smh.com.au
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Retirement Taboo: A Win-Win Solution for Employees and Employers

Only 31% of Australians retired by choice in 2024, revealing a workplace taboo around retirement discussions driven by fears of discrimination and lack of employer support; open communication offers win-win solutions for employees and employers through phased retirement, skill transfer, and better s...

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20% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 65% Global Worthiness
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Five Strategies to Reduce Retirement Stress

This article identifies five key strategies to alleviate retirement stress: creating a clear financial plan, staying physically active, maintaining a purpose and routine, strengthening social connections, and focusing on health; addressing financial uncertainty, loneliness, and lack of purpose.

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32% Bias Score

Good Health and Well-being
theglobeandmail.com
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Managing Childcare Costs and Education Savings in 2025

Parents can reduce childcare expenses in 2025 by reviewing spending on extracurriculars, cell phones, and birthday parties; maximizing the Canada Education Savings Grant (CESG) through RESP contributions; and teaching children money management skills using bank accounts and savings habits.

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36% Bias Score

No Poverty
forbes.com
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Three Crucial Financial Questions for a Secure Retirement

This article highlights three key financial questions retirees should ask: creating a sustainable withdrawal strategy for savings, managing healthcare costs (often the largest expense), and maximizing income streams (like Social Security and pensions) to ensure a secure retirement.

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12% Bias Score

No Poverty
forbes.com
🌐 75% Global Worthiness
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Seven Steps to a Financially Secure Retirement

This article outlines seven key steps for planning a financially secure retirement, including defining your retirement vision, calculating your needs, maximizing retirement accounts, diversifying investments, planning for healthcare costs, building an emergency fund, and working with a financial adv...

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16% Bias Score

No Poverty
forbes.com
🌐 75% Global Worthiness
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Combating Impulse Buying: Strategies for Better Financial Habits

Impulse buying, driven by emotional and situational triggers, negatively impacts finances and well-being; however, strategies like expense tracking, cooling-off periods, and investment prioritization can help control impulsive spending.

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32% Bias Score

No Poverty
cbsnews.com
🌐 75% Global Worthiness
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High US Credit Card Debt Spurs Debt Consolidation Strategies

Soaring US credit card debt, averaging nearly \$8,000 per cardholder, is fueled by high interest rates (23% average, over 30% for retail cards) and persistent inflation, leading to debt consolidation as a common solution among consumers.

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48% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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Secure Act 2.0 Increases 401(k) Contribution Limits for Older Workers

The Secure Act 2.0, effective January 1, 2025, raises 401(k) catch-up contribution limits for those aged 60-63 to \$34,750 annually, significantly increasing retirement savings and tax advantages for older workers.

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48% Bias Score

Reduced Inequality
forbes.com
🌐 65% Global Worthiness
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Adlerian Psychology and Financial Planning

This article explores three Adlerian psychological concepts—separation of tasks, three major life tasks, and teleology over etiology—and shows how they can improve financial planning and relationships by focusing on personal control, interconnected life tasks, and a future-oriented perspective.

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32% Bias Score

Reduced Inequality
cnbc.com
🌐 65% Global Worthiness
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2025 401(k) Contribution Limits Increase: Benefits and Challenges

The 2025 401(k) contribution limit increases to $23,500, with a $7,500 catch-up for those 50+, plus a super max catch-up of $11,250 for those aged 60-63; however, employer plan approval is necessary. A CNBC poll found 40% of Americans are behind on retirement savings.

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40% Bias Score

Reduced Inequality