For James and Michelle Bethe, deciding what to do with the $200,000 they had in savings had them at a standstill. As a teacher, Michelle, 36, has a pension forretirementand James, 38, has some money in a 401(k) plan. For Michelle, the money is best kept in the bank for emergen...
That’s mostly because pension and annuity income is taxable (over and above any tax-free cash). Whereas when left alone your pension investments roll-up tax-free. Someone paying for social care is usually acutely aware of their mortality. Estate planning therefore often influences how they pay...
On each transfer date, I pay whatever bills have accumulated, and also enter anticipated electronic withdrawals into Quicken. My health insurance premiums and my utilities are due on the first of the month. I arranged for all my credit card bills to be due around the 15th to help balance my...