Saving for retirement is critical, but it’s not something the majority of Americans are doing well. Vanguard just released its annual survey on retirement savings and found that 58% of Americans are not on track to retire comfortably. (1) It’s not just a concern for those nearing retirement. Picture someone like Janet, 35, a millennial … Read more
(Reuters) -Billionaire philanthropist MacKenzie Scott has reduced the size of her stake in Amazon.com (AMZN) by 42% since last year, Bloomberg News reported on Tuesday, citing a regulatory filing. Scott, the former wife of Amazon founder Jeff Bezos, holds 81.1 million shares in the company, according to the latest disclosure dated September 30, down 58 … Read more
Losing a spouse is emotionally devastating — and for many widows and widowers, it can also bring unexpected financial hardship. One key reason is the “widow’s tax penalty,” a little-known tax consequence that can increase your tax burden and reduce income after a spouse’s death. Here’s how this penalty can significantly impact your retirement finances. … Read more