Some pension plans let retirees choose between smaller lifelong income payments or a large lump sum. If one or both spouses are in line to receive pensions, a couple should at least explore some of the possibilities for lump sum investment.
A massive redistribution of wealth is quietly transforming the American economic landscape. According to IRS migration data covering taxpayer movements from 2022 to 2023, high-earning households are fleeing high-tax states in record numbers, taking billions of dollars in adjusted gross income (AGI) with them and pouring that capital into low- or no-income-tax havens. The numbers reveal a stark geographical divide. Florida led the nation by gaining a staggering $20.6 billion in net AGI, followed by Texas ($5.5 billion), South Carolina ($4.1 billion), North Carolina ($3.9 billion), and Tennessee ($2.8...
By November, the year has a way of getting away from people. Holidays start coming up, schedules get crowded and financial planning usually gets pushed into January. The problem is that some things are much easier to deal with before December 31st....
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While mainstream financial media remains obsessed with the daily...