What to do with your 401(k) plan? Consider moving it to an IRA
From a tax perspective, cashing out an old 401(k) plan can be a wrong move, as this option will trigger income taxes plus penalty
IRAs
Doing this one thing could make you a better investor — and it’s free
One particular lifestyle choice can have real-world consequences for your client's retirement portfolio.
Half of Americans see market swings as opportunities to cash in
Although volatile markets mean opportunities for some investors, most clients will be better off ignoring market corrections if they are investing for the long term.
Retirees share 6 secrets to financial well-being
Many seniors who succeeded in retirement set their sights on becoming millionaires while they were young.
New policies needed to empower plan sponsors to think outside the box
Employers looking to beef up retirement strategies must talk with lawmakers and adopt new strategies to create innovative ways to better prepare workers for post-work years.
With lower taxes, consider a Roth conversion to make the most of lower rates
The new tax law lowers the tax rates for many investors, allowing clients to enhance tax savings on the converted amount.
Signing up for Medicare while covered by employer’s health plan
Seniors need to be mindful of enrollment deadlines with Medicare.
This neglected group could get some relief if proposed 401(k) changes happen
Congress is considering a proposal that would allow small companies to create a multiple-employer retirement plan to enable their workers to build their nest eggs,
2 strategies to simplify taxes in retirement
Instead of making quarterly tax payments, retirees have the option of having the payments withheld from their Social Security and pension benefits.
When end-of-life planning is suddenly closer than you thought
Employees who intend to leave a legacy to their loved ones should consider using a Roth IRA.
Can’t wait until 70? This is the next best age to claim Social Security
If your clients are approaching their late 60s and wondering when to file, there is a second option where they stand to forego the least amount of money.
Most Americans plan to own homes in retirement, but that might be a mistake
Owning a home offers some benefits, such as the option for a reverse mortgage and certain tax breaks, but are they enough to offset the burdens involved.
Why Social Security isn’t going broke
The worry that many feel about the possible reduction in their future retirement benefits as a result of Social Security's dwindling trust fund is misplaced, says an expert.
7 easy ways to encourage employees to save more for retirement
Employers should inform their workers about the benefits of increasing their 401(k) contributions and investing in health savings accounts, among other tips.
One big retirement lie and what workers need to know about it
Socking away all retirement savings in traditional 401(k) and IRA accounts may no longer be wise.
Why didn’t many retirees see a Social Security increase?
Although the cost of living adjustment increased 2% this year, half of retirees cannot expect a substantial increase in their benefits.
401(k): Risks and rewards for the rest of 2018
Despite the bumpy ride for 401(k) plans in the first half of this year, some analysts say investors can expect a better scenario for the remainder of 2018.
Baby boomers are ready to retire; their debt isn’t
Debt among 65-year-olds has increased by 48% between 2003 and 2015, according to research by the Federal Reserve Bank of New York.
Why cryptocurrency is making its way into retirement plans
More retirement investors are including cryptocurrency in their portfolio because it helps them achieve diversification.
Benefits Think Converting to a Roth IRA: When does it make sense and what are the benefits?
When planning for retirement, it is important for workers to think in terms of their source of income in retirement, but which retirement vehicle offers the best perk?
Razi Hecht
Bronfman E.L. Rothschild