Crypto Investing For Newcomers; Rethinking Retirement Income

Crypto Investing For Newcomers; Rethinking Retirement Income
Written by Publishing Team

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Forbes Investment Guide

As we head into the new year, one of your resolutions may be to use your hard earned money for work. But with inflation soaring and markets becoming volatile after a hectic year, it’s always a good idea to read about best practices to maximize your investments. To tackle inflation, embrace stocks instead of cash and consider investing in commodities. If your decision is to expand your portfolio, consider investing internationally, or even immersing yourself as a new investor in bitcoin and other cryptocurrencies – either way, you should cover this guide. And for those looking for higher payouts, here are some tips for navigating high-return investments smartly.

Year-end tax moves

A few simple year-end moves can save you thousands of dollars off your 2021 tax bill. From charitable giving to retirement and education planning, here are ten sure-footed tax moves to consider before the end of the year. Speaking of tax planning, two and a half men Star Charlie Sheen may have benefited from some – he owes millions in back taxes and was negotiating with the IRS for a “settlement offer” that would settle his debts for less than he’s owed. But in a lawsuit just filed, Sheen claimed that the Los Angeles area manager of the IRS arbitrarily rejected his $3.1 million offer, after other people at the agency approved it. The IRS seems to think he can pay more – if he sells some real estate.

On the tax front, too, this in-depth look at the role of political sales skill in tax policies in place today (and in the past) and how politicians and large-scale events catalyze change in our financial system.

New Chart: Inflated Stocks – In 2021, Equity Inflows Exceed $1 Trillion

source: BUVA Global Investment Strategy, EPFR

Student loans are forgiveness for some

The Department of Education has proposed a set of changes that would provide debt relief for total borrowers and those with permanent disabilities. The TPD Discharge changes would, among other things, eliminate post-discharge income control and expand who can certify a disability. It follows the Biden administration’s automatic disbursement of $5.8 billion in federal student loans through the TPD Discharge program earlier this year to borrowers receiving Social Security disability benefits. For anyone else who is not eligible for student loan forgiveness, student loan repayments will resume next month. Here’s what you need to know to avoid any surprises.

Concerns about the Omicron variable along with extended inflation have lowered consumer confidence according to a new survey. However, spending continues to rise as the holiday season progresses, as gift buying and festive gatherings have had a negative impact on consumers’ wallets.

Retirement is like a box of chocolates…

Back in 1994, Bill Bingen published basic research on retirement distributions that became known – somewhat misleadingly – as the 4% rule. People think this means that you can spend 4% of your retirement portfolio in the year after retirement, then adjust your spending upwards each year for inflation, and your money will last at least 30 years. But Bingen wasn’t setting a spending rule for new retirees – instead showing what was going to happen historically With a portfolio consisting of 50% of large US stocks and 50% of bonds. This is what his well-known discoveries teach him.

When it comes to retirement planning, it pays to keep in mind Mama Forrest Gump’s wisdom: “Life is like a box of chocolates, you never know what you’re going to get.” Sure, you can – and should – plan for financial security. But this has nothing to do with telling how best to prepare and enjoy your retirement years. Our contributor offers some suggestions on how to prepare for this sudden phase of life.


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