Should employees convert to Roth if income rises?
A couple who expects to earn a bigger income in the future is advised to convert part of their IRA into a Roth now while they are in a lower tax bracket.
Editorial Staff
Should clients convert to Roth if their income is rising?
A couple who expects to earn a bigger income in the future is advised to convert part of their IRA into a Roth now while they are in a lower tax bracket.
The pension-style retirement product clients should know about
401(k) participants can create a pension-like source of retirement income by using a portion of their assets to buy a longevity income annuity.
Corporate pensions tread water in 2016
S&P 500 company pension plans' funding levels increased a mere 1% despite the $40 billion in contributions that these firms made to their plans.
Can workers reinstate Social Security for a few months then withdraw?
Retirees can suspend and resume their Social Security retirement benefits any time after their full retirement age even if they started collecting the benefit before reaching their FRA.
Boomers navigate the impact of the financial crisis
A majority of baby boomers polled by Bankers Life Center for a Secure Retirement say that the economy has yet to fully recover from the 2007 financial meltdown.
When a Roth IRA might not be the right choice
A Roth IRA would come ahead of a traditional IRA if employees move to a higher tax bracket in retirement.
A Roth IRA could be a worse choice than clients think
A Roth IRA would come ahead of a traditional IRA if clients move to a higher tax bracket in retirement.
IRA options for the self-employed
Here’s how to decide whether your client should select the traditional or Roth IRA to put away for retirement and boost their savings.
Roth IRA, 529, insurance: What’s best for college savings?
Each plan has pros and cons: Clients who own a Roth IRA for at least 5 years are entitled to penalty-free withdrawals for education expenses, but they'll owe income taxes on those earnings.
Roth IRA, 529, insurance: What’s best for college savings?
Each plan has pros and cons: Clients who own a Roth IRA for at least 5 years are entitled to penalty-free withdrawals for education expenses, but they'll owe income taxes on those earnings.
Help retired workers cut their taxes
Medicare costs count as a deductible medical expense, but only if they exceed 7.5% of adjusted gross income.
1-in-4 workers have saved less than $1,000 for retirement
Almost 50% of the workers polled by EBRI claimed to have less than $25,000 in their retirement accounts.
Workers’ confidence in savings grows first time in 6 years
The stock market has been on a tear which helps explain the rising optimism in retirement optimism.
Americans’ confidence in their savings grows for the first time in 6 years
The stock market has been on a tear, writes a financial analyst, which helps explain the rising optimism.
Will employees pay taxes on Social Security?
Until the early 1980s, Social Security wasn't taxed. But in some situations today, clients may be in for a surprise.
Will clients pay taxes on Social Security?
Until the early 1980s, Social Security wasn't taxed. But in some situations today, clients may be in for a surprise.
10 factors to consider before moving to a retirement community
Clients should ask themselves if a remote, self-contained community fits their personality and if they want to live with other seniors.
10 factors to consider before moving to a retirement community
Clients should ask themselves if a remote, self-contained community fits their personality and if they want to live with other seniors.
Make sure workers meet their first RMD deadline
Retirees who turned 70 1/2 in 2016 have until April 1 to take required minimum distributions from their tax-deferred retirement accounts.
Couldn’t load more articles. Try again.