Jennie Phipps
Bankrate.com
Detroit, MI, United States
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Past articles by Jennie:
7 Social Security Benefits You May Not Know About
Understanding the program’s finer points might help increase your retirement income. → Read More
7 Social Security Benefits You May Not Know About
Understanding more about the program’s finer points might help boost your benefits. → Read More
Social Security Survivor Benefits For Widows
Make provisions for a secure financial future for your spouse. Here’s a handy guide. → Read More
5 Ways To Use Extra Income To Grow Your Retirement Savings
If you get more income than you need from a sideline business, here's how to save on taxes and augment your retirement savings. → Read More
Managing A Health Savings Account With An IRA To Maximize Benefits
Health savings accounts have tax advantages to pump up your retirement portfolio. → Read More
6 Ways To Turn Home Equity Into Retirement Savings
Daniel Grill/Getty Images Retirees are homeowners. Of those with more than $100,000 in savings, about 90% own a home, according to the LIMRA Secure Retirement Institute. Among those with less savings, a still-substantial majority -- 70% -- are homeowners. The ability to access home equity can save a retiree from running short on cash or being forced to sell stocks, bonds and other investments… → Read More
Living To 100 Requires Retirement Planning
paul Mansfield photography/Moment Open/Getty Images Will you live to be 120, and if you do, how will you pay the bills? About 2 years ago, the Society of Actuaries warned its clients, who manage old-fashioned pension funds, that they could have pensioners who live until they are as old as 120. And these people must be paid their pensions for life. Living to 100-plus is not pure fantasy. The… → Read More
6 Reasons To Do A Roth IRA Conversion In Your 50s, 60s
Hero Images/Getty Images Roth IRAs can be a young person's game. If you aren't earning much, saving in a traditional, pre-tax IRA doesn't help you save much in taxes. Conversely, doing a Roth IRA conversion when you are earning a big salary doesn't make sense to a lot of people who are looking at retirement in the near future, when their tax rates will plummet. Why pay big taxes when relief is… → Read More
IRA Beneficiary Errors Can Hurt Your Loved Ones
Adrian Andrunachiwww.adrian.studiosapte.ro/Moment/Getty Images Naming the right beneficiary for your IRA doesn't seem tricky. Dash off your spouse's name or hunt down your children's Social Security numbers -- no big deal. But a surprising number of people either get it wrong or they set it and forget it. By default, they leave their wealth to the wrong person. The result can be a legacy of… → Read More
Giving Grandkids Inherited Roth IRA Windfall
Tom Merton/Caiaimage/GettyImages Grandparents who spoil the grandchildren with ice cream and attention are a blessing. But grandparents who create a wealthy future for their grandchildren -- or their own children -- leave a legacy that lasts long after they die. If you have some extra money that you are unlikely to require during your life -- particularly extra money in a Roth IRA -- you can… → Read More
Nest egg: Spend it or save it?
A new study on retirement spending finds attitudes are all over the map and continuing to change. → Read More
6 reasons boomers worry and 6 ways to fix it
Worrying about retirement is a boomer preoccupation, but there are solutions. → Read More
Medigap Plan F the most costly, yet popular
This plan costs more but pays the most, especially if you get really sick. → Read More
If commissions are out, will savers win?
Proposed rules will hold stockbrokers and other investment advisers to a tougher standard that the DOL thinks will protect savers. → Read More
When Can You Take Money Out Of A Roth IRA
Hero Images/Getty Images The Roth IRA has been dubbed the Swiss Army knife of retirement for its versatility. And you need to own only 1 because it serves many purposes. Just like the handy tool with its dominant essential blade, Roth IRAs have lots of auxiliary parts, but 1 primary advantage: Investors owe no tax when it's time to take Roth IRA distributions. With traditional IRAs, you receive… → Read More
Planning for the ‘good death’
Helping a patient grapple with the financial and other details related to his death can bring peace. → Read More
What will you do when you grow up?
Interesting work in retirement can bring happiness, but study your options first. → Read More
Shining light on government pensions
Legislation to mandate disclosure of shortfalls in government pensions is back for another round in Congress. Will it ever pass? → Read More
Retirement confidence gotchas
Those who aren't worried about retirement probably should be, a survey finds. → Read More
How I Decided Where To Live In Retirement
Hugh Whitaker/Cultura/Getty Images Once you don't have to go to work every day, you have more freedom to choose where to live in retirement. A national survey conducted for Bankrate last year found that 60% of Americans would like to move to another city or state after they retire. That leaves about 40% who want to stick closer to home. Will you stay or will you go? And if you go, in what kind… → Read More