Savings strategies to use if retiring early
Those leaving the workforce who want to maximize their nest egg should take advantage of the Rule 72(t) distributions.
Editorial Staff
What accounts do retired employees withdraw from first?
While retirees can start taking 401(k) withdrawals without penalties when they turn 59 1/2, they may want to consider drawing from their taxable accounts for their living expenses.
Why couples must plan for Social Security together
While there are 567 ways to claim benefits, clients are advised to pick a strategy that will maximize a spouse's benefit on their record.
Retirement literacy shockingly low: survey
The average score of correct answers was 47%, and only 5% of respondents earned a grade higher than C.
How tax reform could impact retirement savings
Lawmakers are considering scrapping individual deductions, including tax breaks for certain plan contributions.
How clients may be sabotaging their retirement plans
Those who expect to stay longer on their jobs could be hurting their prospects, as many people are forced to retire early because of health issues.
Protecting clients’ retirement savings from a crash
One step is to avoid investing the money that they will need within a five-year period.
For many seniors, retirement gets more expensive if Senate’s health care bill is passed
Older Americans would be subject to an "age tax" under the Senate legislation designed to revamp the Affordable Care Act, says an expert with the AARP.
For many seniors, retirement gets more expensive if Senate’s healthcare bill is passed
Older Americans would be subject to an "age tax" under the Senate legislation designed to revamp the Affordable Care Act, says an expert with the AARP.
A novel fix for Social Security?
Setting up an investment account for every newborn, with the federal government seeding it with $7,000, might be a solution to the looming Social Security crisis, says expert.
Gold and silver IRAs: Approach with caution
Gold tends to hold its value in the long-term, but it's volatile — almost as much as stocks — so clients may need decades to ride out its ups and downs,
A novel fix for Social Security?
Setting up an investment account for every newborn, with the federal government seeding it with $7,000, might be a solution to the looming crisis.
How early retirees can get cheaper health insurance
Retirees who retire before 65 and want to reduce their premiums are advised to keep their taxable income between $12,060 and $48,240 (for singles) or $16,240 and $64,960 (married couples).
The one retirement expense that might catch clients off guard
Retirees should not underestimate the impact of taxes on their income after they leave the workforce, as their tax liability could reduce substantially their net earnings.
Potential Social Security changes and how they could impact clients
The Senior Citizens League says that seniors on Social Security can expect an increase in cost of living adjustments not seen since 2012.
Potential Social Security changes and how they could impact clients
The Senior Citizens League says that seniors on Social Security can expect an increase in cost of living adjustments not seen since 2012.
Social Security benefits vs. rising health care costs? Not even close
A new report indicates that projected medical expenses of a 45-year old couple, after they retire, will be 122% of their total Social Security benefits.
Social Security benefits vs. rising healthcare costs? Not even close
A new report indicates that projected medical expenses of a 45-year old couple, after they retire, will be 122% of their total benefits.
Long-term care insurers steering through tough times
Many carriers offering long-term care coverage are experiencing financial woes and may no longer guarantee payments when clients need them.
Long-term care insurers steering through tough times
Many carriers offering LTC coverage are experiencing financial woes and may no longer guarantee payments when clients need them.