Retirement

Make sure clients understand that a 401(k) rollover could trigger a hefty tax bill, and that liquidating assets before the age of 59 1/2 could mean a hefty penalty.

Employers that offer MetLaw can provide their employees with identity theft protection.

Employers that offer MetLaw can provide their employees with identity theft protection.

Factors such as increased longevity, income inequality and pension-fund shortfalls have caused Americans to be in a worse position for their post-work years.

Clients should work together with their spouses and plan as a couple to develop a Social Security claiming strategy that will maximize their retirement benefits.

The Kentucky firm wants plan sponsors and participants to better understand their retirement options.

Seniors are advised to withdraw from taxable and other retirement accounts before taking distributions from their HSA.

Employers must conduct a thorough review of their plans’ written forms and actual operations so they don’t lose their tax exempt status.

Employees have some simple but significant false ideas about their retirement plans. And employers need to do a better job addressing them during education sessions.

Employees will have more money in retirement if they contribute to the right savings account.