Lee Conrad
Former senior editorLee Conrad is a former senior editor of Employee Benefit News and Employee Benefit Adviser, and a former editor of Bank Investment Consultant.
Lee Conrad is a former senior editor of Employee Benefit News and Employee Benefit Adviser, and a former editor of Bank Investment Consultant.
The sandwich generation is struggling to save for its own needs, and when you add in family demands, it paints a "grim picture," an expert says.
Although the test is complicated and misunderstood, eliminating it could “do more harm than good,” according to an expert.
The cap on state and local tax deduction under the tax law may prompt more employees to direct their retirement savings to their 401(k)s than to build home equity.
Although more taxpayers are expected to use the standard deduction, they can still claim the tax deduction for IRA contributions.
Retirees who opt to file at a much later date can earn delayed retirement credits that could boost their benefits by as much as 32%.
Although earnings in a deferred annuity will not be included in an investor's adjusted gross income, future withdrawals from the annuity could trigger a bigger tax bill.
It would raise enough new revenue to more than restore long-term balance of the program.
Even middle-class households who have health insurance are at risk, as a researcher points out that they are the ones who filed for the most bankruptcies.
Lawmakers and policymakers should make retirement savings plans universally available if they want to help Americans secure their golden years.
One tip for seniors: They should register their My Social Security account as early as they can before other people can create the account.