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Ask Carrie: Retirement
Close to Retirement? Don't Miss These Dates and Deadlines!
by Carrie Schwab-Pomerantz
January 24, 2020
Close to retirement? Here are some age-related dates and deadlines to put on your calendar.
by Carrie Schwab-Pomerantz
January 24, 2020
Close to retirement? Here are some age-related dates and deadlines to put on your calendar.
10 Questions Every Couple Should Ask Before Retiring
by Carrie Schwab-Pomerantz
January 22, 2020
Facing retirement together? Beware of these lifestyle issues that can affect your finances—and your relationship.
by Carrie Schwab-Pomerantz
January 22, 2020
Facing retirement together? Beware of these lifestyle issues that can affect your finances—and your relationship.
What Do I Need to Know About Estate Taxes?
by Carrie Schwab-Pomerantz
January 21, 2020
Federal estate taxes apply to only a small fraction of taxpayers. But even if you don’t have to pay federal estate taxes, you may be on the hook for state taxes.
by Carrie Schwab-Pomerantz
January 21, 2020
Federal estate taxes apply to only a small fraction of taxpayers. But even if you don’t have to pay federal estate taxes, you may be on the hook for state taxes.
How Much Insurance Do You Need in Retirement?
by Carrie Schwab-Pomerantz
December 23, 2019
In retirement, some insurance is essential, and some is just a waste of money. Make sure you know the difference.
by Carrie Schwab-Pomerantz
December 23, 2019
In retirement, some insurance is essential, and some is just a waste of money. Make sure you know the difference.
Who Qualifies for Social Security Survivor Benefits?
by Carrie Schwab-Pomerantz
December 05, 2019
It's hard to think of finances when a spouse has died, but don't ignore possible Social Security survivor benefits.
by Carrie Schwab-Pomerantz
December 05, 2019
It's hard to think of finances when a spouse has died, but don't ignore possible Social Security survivor benefits.
How Are Social Security Benefits Taxed?
by Carrie Schwab-Pomerantz
December 04, 2019
Social Security benefits plus added income may make you comfortable—but the IRS may also want its share.
by Carrie Schwab-Pomerantz
December 04, 2019
Social Security benefits plus added income may make you comfortable—but the IRS may also want its share.
Women and Retirement: Can You Afford Not to Save?
by Carrie Schwab-Pomerantz
November 27, 2019
Women are living longer than men but saving less for retirement. Here's why they need to save more—and sooner.
by Carrie Schwab-Pomerantz
November 27, 2019
Women are living longer than men but saving less for retirement. Here's why they need to save more—and sooner.
Social Security for Spouses
by Carrie Schwab-Pomerantz
November 22, 2019
Navigating your options for spousal (or ex-spousal) benefits.
by Carrie Schwab-Pomerantz
November 22, 2019
Navigating your options for spousal (or ex-spousal) benefits.
Five Steps Women Can Take Toward Financial Empowerment
by Carrie Schwab-Pomerantz
November 06, 2019
Women still lag behind men when it comes to financial security. Here are 5 practical—and empowering—ways to take charge.
by Carrie Schwab-Pomerantz
November 06, 2019
Women still lag behind men when it comes to financial security. Here are 5 practical—and empowering—ways to take charge.
Are You Falling for These Financial Tricks?
by Carrie Schwab-Pomerantz
October 30, 2019
Here are 10 tricks we sometimes play on ourselves when it comes to money—and how to treat yourself better.
by Carrie Schwab-Pomerantz
October 30, 2019
Here are 10 tricks we sometimes play on ourselves when it comes to money—and how to treat yourself better.
Can You Use IRA Assets to Purchase a Retirement Home? Should You?
by Carrie Schwab-Pomerantz
October 23, 2019
Thinking about using IRA assets to buy a retirement home? Have you also thought about the potential consequences?
by Carrie Schwab-Pomerantz
October 23, 2019
Thinking about using IRA assets to buy a retirement home? Have you also thought about the potential consequences?
Where's the Best Place for Extra Savings—a Roth 401(k) or Roth IRA?
by Carrie Schwab-Pomerantz
September 11, 2019
You can contribute to both a Roth 401(k) and IRA, but putting the max in your 401(k) first can keep things simple.
by Carrie Schwab-Pomerantz
September 11, 2019
You can contribute to both a Roth 401(k) and IRA, but putting the max in your 401(k) first can keep things simple.
How Should Millennials Save for Retirement?
by Carrie Schwab-Pomerantz
September 09, 2019
Millennials value freedom and flexibility. Fortunately, today's retirement saving vehicles can offer them both.
by Carrie Schwab-Pomerantz
September 09, 2019
Millennials value freedom and flexibility. Fortunately, today's retirement saving vehicles can offer them both.
How Can Couples Max Out Social Security Benefits?
by Carrie Schwab-Pomerantz
August 14, 2019
Have you and your spouse talked about Social Security strategies? Here's why you should.
by Carrie Schwab-Pomerantz
August 14, 2019
Have you and your spouse talked about Social Security strategies? Here's why you should.
Can You Contribute to an IRA If You Don't Have a Job?
by Carrie Schwab-Pomerantz
July 26, 2019
You have to have earned income to make an IRA contribution, but there are limitations and exceptions.
by Carrie Schwab-Pomerantz
July 26, 2019
You have to have earned income to make an IRA contribution, but there are limitations and exceptions.
Is Maxing Out Your 401(k) Enough?
by Carrie Schwab-Pomerantz
July 25, 2019
The IRS-mandated maximum 401(k) contributions could leave you short. To find out if you’re on target, do the math!
by Carrie Schwab-Pomerantz
July 25, 2019
The IRS-mandated maximum 401(k) contributions could leave you short. To find out if you’re on target, do the math!
Should You Tap Your 401(k) to Fund Your Down Payment?
by Carrie Schwab-Pomerantz
July 24, 2019
Is borrowing from your 401(k) the best approach when buying your first home?
by Carrie Schwab-Pomerantz
July 24, 2019
Is borrowing from your 401(k) the best approach when buying your first home?
Top 10 Financial To-Dos for Today's Grads
by Carrie Schwab-Pomerantz
June 05, 2019
Graduation brings new freedoms but also new responsibilities—especially when it comes to money. Are you ready?
by Carrie Schwab-Pomerantz
June 05, 2019
Graduation brings new freedoms but also new responsibilities—especially when it comes to money. Are you ready?
Can You Rollover a Roth 401(k) to a Roth IRA?
by Carrie Schwab-Pomerantz
April 24, 2019
Rolling over a Roth 401(k) to a Roth IRA can be a great retirement strategy—if you're eligible.
by Carrie Schwab-Pomerantz
April 24, 2019
Rolling over a Roth 401(k) to a Roth IRA can be a great retirement strategy—if you're eligible.
Are You Fooling Yourself When It Comes to Money?
by Carrie Schwab-Pomerantz
March 27, 2019
This April Fools' Day make sure you're not making some common—but foolish—money mistakes.
by Carrie Schwab-Pomerantz
March 27, 2019
This April Fools' Day make sure you're not making some common—but foolish—money mistakes.
Does Working Past Age 70 Affect Your Social Security Benefits?
by Carrie Schwab-Pomerantz
December 19, 2018
While working past age 70 could mean higher Social Security benefits, it could also mean higher taxes and more.
by Carrie Schwab-Pomerantz
December 19, 2018
While working past age 70 could mean higher Social Security benefits, it could also mean higher taxes and more.
Which Side of the Retirement Savings Statistics Are You On?
by Carrie Schwab-Pomerantz
October 10, 2018
Are you one of the few and fortunate Americans prepared for retirement? Now's the time to find out—and take action.
by Carrie Schwab-Pomerantz
October 10, 2018
Are you one of the few and fortunate Americans prepared for retirement? Now's the time to find out—and take action.
At What Age Should You Collect a Social Security Spousal Benefit?
by Carrie Schwab-Pomerantz
September 12, 2018
A nonworking spouse is eligible for a Social Security spousal benefit, but age and timing can affect how much.
by Carrie Schwab-Pomerantz
September 12, 2018
A nonworking spouse is eligible for a Social Security spousal benefit, but age and timing can affect how much.
How Can I Avoid Scams that Target the Elderly?
by Carrie Schwab-Pomerantz
September 05, 2018
Financial exploitation of seniors is on the rise, but you can make smart moves now to help safeguard your money.
by Carrie Schwab-Pomerantz
September 05, 2018
Financial exploitation of seniors is on the rise, but you can make smart moves now to help safeguard your money.
Own Your Own Business? Are You Saving Enough for Retirement?
by Carrie Schwab-Pomerantz
August 15, 2018
As a sole proprietor, saving for retirement is hard. Fortunately, there are small business plans to make it easier.
by Carrie Schwab-Pomerantz
August 15, 2018
As a sole proprietor, saving for retirement is hard. Fortunately, there are small business plans to make it easier.
No Retirement Savings at 50? Here's How to Get on the Fast Track.
by Carrie Schwab-Pomerantz
August 08, 2018
If you've let retirement savings lag, there are still tax-smart ways to catch up—even at age 50 and beyond.
by Carrie Schwab-Pomerantz
August 08, 2018
If you've let retirement savings lag, there are still tax-smart ways to catch up—even at age 50 and beyond.
Should You Be Debt-Free Before You Retire?
by Carrie Schwab-Pomerantz
July 11, 2018
Being debt-free before you retire can be a smart goal. But be sure to look at your complete financial picture.
by Carrie Schwab-Pomerantz
July 11, 2018
Being debt-free before you retire can be a smart goal. But be sure to look at your complete financial picture.
Saving for Retirement: How Much Is Enough?
by Carrie Schwab-Pomerantz
June 27, 2018
No matter where you live, you may have to save more for retirement than you had anticipated. Here are some ideas for how to make it happen.
by Carrie Schwab-Pomerantz
June 27, 2018
No matter where you live, you may have to save more for retirement than you had anticipated. Here are some ideas for how to make it happen.
Is Keeping Your Car Worth the Cost?
by Carrie Schwab-Pomerantz
April 30, 2018
Ditching one of your cars can save you money but there are trade-offs to consider before tossing away your keys.
by Carrie Schwab-Pomerantz
April 30, 2018
Ditching one of your cars can save you money but there are trade-offs to consider before tossing away your keys.
Can You Dip Into Your IRA to Buy a First Home? Should You?
by Carrie Schwab-Pomerantz
March 12, 2018
The IRS says you can use IRA money penalty-free for a first home purchase. But that doesn't mean it's a good idea.
by Carrie Schwab-Pomerantz
March 12, 2018
The IRS says you can use IRA money penalty-free for a first home purchase. But that doesn't mean it's a good idea.
Women and Money: Why It's Important to Take Control of Your Finances
by Carrie Schwab-Pomerantz
March 05, 2018
Financial independence is a great equality booster. Take steps now to take charge of your finances—and your life.
by Carrie Schwab-Pomerantz
March 05, 2018
Financial independence is a great equality booster. Take steps now to take charge of your finances—and your life.
65 and Still Working: What to do with Medicare?
by Carrie Schwab-Pomerantz
January 31, 2018
Still working at age 65? That doesn't mean you should ignore Medicare. Get the facts to avoid possible penalties.
by Carrie Schwab-Pomerantz
January 31, 2018
Still working at age 65? That doesn't mean you should ignore Medicare. Get the facts to avoid possible penalties.
Will Collecting a Public Pension Reduce Your Social Security?
by Carrie Schwab-Pomerantz
January 24, 2018
Planning to collect both Social Security and a public pension? Unfortunately, Uncle Sam has other plans for you.
by Carrie Schwab-Pomerantz
January 24, 2018
Planning to collect both Social Security and a public pension? Unfortunately, Uncle Sam has other plans for you.
Have You Set Your 2018 Financial Goals?
by Carrie Schwab-Pomerantz
January 10, 2018
Setting financial goals for a new year is a great idea. Setting up a way to achieve them is even better!
by Carrie Schwab-Pomerantz
January 10, 2018
Setting financial goals for a new year is a great idea. Setting up a way to achieve them is even better!
Can I Protect My Retirement Income and 401(k) From Taxes?
by Carrie Schwab-Pomerantz
November 08, 2017
Income taxes are a fact of life even in retirement. Understand what's taxable, and at what rate, so there are no surprises.
by Carrie Schwab-Pomerantz
November 08, 2017
Income taxes are a fact of life even in retirement. Understand what's taxable, and at what rate, so there are no surprises.
Roth vs. Traditional 401(k)—Which Is Better?
by Carrie Schwab-Pomerantz
November 01, 2017
If your employer lets you decide between a traditional and a Roth 401(k), consider choosing both!
by Carrie Schwab-Pomerantz
November 01, 2017
If your employer lets you decide between a traditional and a Roth 401(k), consider choosing both!
It's Open Enrollment: Are You Making the Most of Your Employee Benefits?
by Carrie Schwab-Pomerantz
October 25, 2017
Don't miss out on valuable employee benefits! Use Open Enrollment to fine-tune your choices.
by Carrie Schwab-Pomerantz
October 25, 2017
Don't miss out on valuable employee benefits! Use Open Enrollment to fine-tune your choices.
This Halloween, Don't Let These 10 Common Money Mistakes Creep Up On You!
by Carrie Schwab-Pomerantz
October 18, 2017
These 10 money mistakes are all too common. This Halloween, watch out!
by Carrie Schwab-Pomerantz
October 18, 2017
These 10 money mistakes are all too common. This Halloween, watch out!
Can You Get Social Security Benefits From Your Ex?
by Carrie Schwab-Pomerantz
September 27, 2017
Ex-spouse Social Security benefits can boost your income, depending on your circumstances. Get the facts.
by Carrie Schwab-Pomerantz
September 27, 2017
Ex-spouse Social Security benefits can boost your income, depending on your circumstances. Get the facts.
What Is Wealth Part 2: How Important Is a Financial Plan?
by Carrie Schwab-Pomerantz
August 16, 2017
Putting off financial planning because it's too complicated? Here are three progressive steps to help you get started.
by Carrie Schwab-Pomerantz
August 16, 2017
Putting off financial planning because it's too complicated? Here are three progressive steps to help you get started.
What Happens If You Take an Early Withdrawal From a 401(k) or IRA?
by Carrie Schwab-Pomerantz
August 02, 2017
Beware taking an early withdrawal from your 401(k) or IRA. It can cost you in more ways than one.
by Carrie Schwab-Pomerantz
August 02, 2017
Beware taking an early withdrawal from your 401(k) or IRA. It can cost you in more ways than one.
Independent Contractors: Is Your Money Working as Hard as You Are?
by Carrie Schwab-Pomerantz
May 24, 2017
As an independent contractor, you're not only your own boss—you're your own CFO. And there's a lot to think about.
by Carrie Schwab-Pomerantz
May 24, 2017
As an independent contractor, you're not only your own boss—you're your own CFO. And there's a lot to think about.
Ex-Spouse Social Security Benefits: What's the Best Strategy?
by Carrie Schwab-Pomerantz
March 22, 2017
Even though you're divorced, you might be able to tap into your ex-spouse's work record for Social Security benefits—as long as you meet all the qualifications.
by Carrie Schwab-Pomerantz
March 22, 2017
Even though you're divorced, you might be able to tap into your ex-spouse's work record for Social Security benefits—as long as you meet all the qualifications.
Are You Ready for a Financially Healthy 2017?
by Carrie Schwab-Pomerantz
January 11, 2017
Need to detox your finances? This 30-day program can lead to lifelong financial health. Try it.
by Carrie Schwab-Pomerantz
January 11, 2017
Need to detox your finances? This 30-day program can lead to lifelong financial health. Try it.
Yes, There are Retirement Benefits for a Nonworking Spouse
by Carrie Schwab-Pomerantz
November 01, 2016
Even if your spouse hasn’t worked outside of the home, he or she is entitled to certain retirement benefits, including Social Security.
by Carrie Schwab-Pomerantz
November 01, 2016
Even if your spouse hasn’t worked outside of the home, he or she is entitled to certain retirement benefits, including Social Security.
Women and Money: Are You in Control of Your Finances?
by Carrie Schwab-Pomerantz
September 28, 2016
Historically, women have been less engaged in managing their finances. It's time to rewrite that history.
by Carrie Schwab-Pomerantz
September 28, 2016
Historically, women have been less engaged in managing their finances. It's time to rewrite that history.
Laid Off and Worried About Money: What to Do Next?
by Carrie Schwab-Pomerantz
September 07, 2016
Handling your finances after a layoff takes careful planning, both to survive the present and help protect your future.
by Carrie Schwab-Pomerantz
September 07, 2016
Handling your finances after a layoff takes careful planning, both to survive the present and help protect your future.
Retirement Savings: Making Up for Lost Time
by Carrie Schwab-Pomerantz
August 03, 2016
You've put off saving. Do you have to put off retirement? Not necessarily. But you do need to start saving now!
by Carrie Schwab-Pomerantz
August 03, 2016
You've put off saving. Do you have to put off retirement? Not necessarily. But you do need to start saving now!
Do You Need Long-Term Care Insurance?
by Carrie Schwab-Pomerantz
July 20, 2016
LTCI can be smart to cover the costs of a long illness—but exercise a healthy dose of due diligence before you buy.
by Carrie Schwab-Pomerantz
July 20, 2016
LTCI can be smart to cover the costs of a long illness—but exercise a healthy dose of due diligence before you buy.
Postponing Retirement? Don't Postpone Planning for It!
by Carrie Schwab-Pomerantz
July 13, 2016
Being 65 doesn't mean you have to retire—but you do need to prepare for a smooth transition when the time comes.
by Carrie Schwab-Pomerantz
July 13, 2016
Being 65 doesn't mean you have to retire—but you do need to prepare for a smooth transition when the time comes.
Changing Jobs: What Should You Do With Your 401(k)?
by Carrie Schwab-Pomerantz
June 29, 2016
What you do with your 401(k) when you change jobs has a lot to do with both your current and future plans.
by Carrie Schwab-Pomerantz
June 29, 2016
What you do with your 401(k) when you change jobs has a lot to do with both your current and future plans.
Does It Make Sense to Pay Off Your Mortgage?
by Carrie Schwab-Pomerantz
June 01, 2016
Whether or not to pay off your mortgage before you retire is a balance of practical considerations and peace of mind.
by Carrie Schwab-Pomerantz
June 01, 2016
Whether or not to pay off your mortgage before you retire is a balance of practical considerations and peace of mind.
Roth IRA Withdrawals: The Exceptions Can Be as Important as the Rules
by Carrie Schwab-Pomerantz
April 06, 2016
With taxes, nothing is simple—including Roth distributions. Get the facts first to avoid taxes and penalties.
by Carrie Schwab-Pomerantz
April 06, 2016
With taxes, nothing is simple—including Roth distributions. Get the facts first to avoid taxes and penalties.
Maxing Out Your Tax-Deductible IRA
by Carrie Schwab-Pomerantz
March 23, 2016
Don't let confusion about IRA deductibility rules keep you from maximizing your retirement savings.
by Carrie Schwab-Pomerantz
March 23, 2016
Don't let confusion about IRA deductibility rules keep you from maximizing your retirement savings.
The Lowdown on 401(k) Loans
by Carrie Schwab-Pomerantz
March 16, 2016
There aren't strict rules on how many times you can take a 401(k) loan, but there can be far-reaching consequences.
by Carrie Schwab-Pomerantz
March 16, 2016
There aren't strict rules on how many times you can take a 401(k) loan, but there can be far-reaching consequences.
Who Qualifies for Social Security Disability Benefits?
by Carrie Schwab-Pomerantz
December 09, 2015
Social Security disability benefits are paid to millions of Americans—but it can be tough to qualify.
by Carrie Schwab-Pomerantz
December 09, 2015
Social Security disability benefits are paid to millions of Americans—but it can be tough to qualify.
Does an Ex-Spouse Qualify for Survivor Benefits?
by Carrie Schwab-Pomerantz
November 04, 2015
There are three basic qualifications for ex-spouse survivors' benefits. But there's even more to consider.
by Carrie Schwab-Pomerantz
November 04, 2015
There are three basic qualifications for ex-spouse survivors' benefits. But there's even more to consider.
Will Debt Derail Your Retirement?
by Carrie Schwab-Pomerantz
September 23, 2015
Retired or not, your debts have to be paid. Best to come up with a realistic repayment plan ahead of time.
by Carrie Schwab-Pomerantz
September 23, 2015
Retired or not, your debts have to be paid. Best to come up with a realistic repayment plan ahead of time.
This Is What Marriage Equality Looks Like—For Your Finances
by Carrie Schwab-Pomerantz
August 05, 2015
Now that the Supreme Court has legalized same-sex marriage nationwide, it's essential for new couples to familiarize themselves with the financial benefits of marriage.
by Carrie Schwab-Pomerantz
August 05, 2015
Now that the Supreme Court has legalized same-sex marriage nationwide, it's essential for new couples to familiarize themselves with the financial benefits of marriage.
Suddenly Alone—Where Can You Turn for Help?
by Carrie Schwab-Pomerantz
June 10, 2015
It's hard to focus on finances after losing a spouse. But there are resources to turn to for help and support.
by Carrie Schwab-Pomerantz
June 10, 2015
It's hard to focus on finances after losing a spouse. But there are resources to turn to for help and support.
Things You Want to Know About Investing but Are Afraid to Ask—Part 3
by Carrie Schwab-Pomerantz
April 22, 2015
Got investing basics down? Great. But before you invest, there are still a couple more questions to ask.
by Carrie Schwab-Pomerantz
April 22, 2015
Got investing basics down? Great. But before you invest, there are still a couple more questions to ask.
Social Security: Should You Wait Until Age 70 To Collect?
by Carrie Schwab-Pomerantz
March 25, 2015
While waiting to collect Social Security means a bigger monthly check, that's not the only thing to consider.
by Carrie Schwab-Pomerantz
March 25, 2015
While waiting to collect Social Security means a bigger monthly check, that's not the only thing to consider.
If You Have a 401(k), Do You Need an IRA, Too?
by Carrie Schwab-Pomerantz
February 25, 2015
While a 401(k) can be the backbone of your retirement plan, there's a good case for having an IRA as well.
by Carrie Schwab-Pomerantz
February 25, 2015
While a 401(k) can be the backbone of your retirement plan, there's a good case for having an IRA as well.
You've Inherited an IRA—Now What?
by Carrie Schwab-Pomerantz
October 01, 2014
Inherited IRA rules are different for spouses and non-spouses. Make sure you know the rules that apply to you
by Carrie Schwab-Pomerantz
October 01, 2014
Inherited IRA rules are different for spouses and non-spouses. Make sure you know the rules that apply to you
Social Security Basics—Five Things to Think About Before You Apply
by Carrie Schwab-Pomerantz
April 30, 2014
Are you maximizing your Social Security benefits? Here's what you should know before you apply.
by Carrie Schwab-Pomerantz
April 30, 2014
Are you maximizing your Social Security benefits? Here's what you should know before you apply.
Retirement Ahead: Do You Have Enough Exposure to Stocks?
by Carrie Schwab-Pomerantz
April 23, 2014
It's recommended that people gradually move away from stocks as they get older—but can you overdo it?
by Carrie Schwab-Pomerantz
April 23, 2014
It's recommended that people gradually move away from stocks as they get older—but can you overdo it?
What's the Best Retirement Plan for Your Small Business?
by Carrie Schwab-Pomerantz
January 29, 2014
Own a small business? Don't miss out on these opportunities to save more for retirement and decrease taxable income.
by Carrie Schwab-Pomerantz
January 29, 2014
Own a small business? Don't miss out on these opportunities to save more for retirement and decrease taxable income.