
Margarida Correia
Former associate editorMargarida Correia is a former associate editor of the Employee Benefits Group and of Bank Investment Consultant.
Margarida Correia is a former associate editor of the Employee Benefits Group and of Bank Investment Consultant.
Although the cost of living adjustment increased 2% this year, half of retirees cannot expect a substantial increase in their benefits.
Two in three plans offer a Roth savings feature, an option 401(k) participants should take advantage to reduce their tax liability.
More retirement investors are including cryptocurrency in their portfolio because it helps them achieve diversification.
While many retirees have prepped well for whatever the economy and markets may bring, far too many others have not, an expert says.
Retirees have median savings of $839,000, but many of them are unwilling to spend away their nest egg.
One of the misconceptions is that payroll taxes should be raised and benefits should be cut considerably to save the program.
Advisors should frame health care costs as an annual expense rather than a lump sum, which is demotivating for investors, according to Vanguard.
“Public pension plans continue to bury their heads in the sand living in a time warp of decades-old actuarial assumptions,” says a former Connecticut state treasurer.
Seniors receiving pension payments should ensure that their tax withholding is enough to cover the tax liability on the income and avoid trouble with the IRS.
Contrary to what many people think, Social Security will continue to pay benefit payouts to future retirees even after the program exhausts its trust funds by 2034, says expert.