Margarida Correia

Retirees who have reached the age of 70 1/2 should take required minimum distributions from tax-deferred accounts, while those who are younger should draw from their taxable accounts.

Workers can improve the odds of getting bigger Social Security benefits after they retire by asking for a salary raise from their employer.

Retired workers should remain invested in stocks even if they have to scale back their exposure to this investment type, experts say.

Those who leave the workforce should remain invested in stocks even if they have to scale back their exposure to this investment type, experts say.

One-third of households headed by Americans aged 65 and older derive 90% of their retirement income from Social Security, according to a GAO report.

Retirees should ensure that they take their first required minimum distribution from their tax-deferred retirement account in the year they reach 70 1/2 or face a 50% penalty.

High-yield or junk bonds, equities, and real estate investment trusts are excellent investment options for IRAs.

Indeed they are. Not only are they less healthy, they are more likely to worry about not having enough funds for housing, utilities and other necessities.

The tax cut proposal would not benefit retirees because most of them either owe no federal income taxes or face a modest tax burden.

Employees aged 50 and above would no longer be able to make catch-up contributions on a pretax basis to their retirement plans under the Senate version of the GOP tax proposal.