Social Security checks lower than many workers expect
Many employees expect to collect more than they actually will, which can prompt them to retire and file for benefits early and, in turn, reduce their actual payouts.
IRAs
How to protect a retirement plan in a down market
Elderly workers should make sure they have enough fixed-income in their retirement portfolios to spin off cash to cover the gap between income and expenses until the market recovers.
6 misunderstood IRA rules and strategies
A Roth IRA is an excellent savings vehicle for older people as it is for younger clients.
A little-known 401(k) trick can open the floodgates to Roth IRA savings
A Roth IRA is a good savings vehicle for workers who expect to move to a higher tax bracket in retirement.
4 things workers should consider when retiring before a spouse
Employees should look into filing for Social Security as soon as they retire to generate extra income and allow their spouse to delay and grow their retirement benefit.
How much will procrastinating on retirement savings cost employees
Workers aged 35 have to set aside 11.69% of their pay to keep up with those in their 20s socking away only 6% of their salary.
It pays to take RMDs early in the year
Sometimes the strategy can eliminate a domino effect of other expensive tax problems down the road, Ed Slott writes.
Decluttering retirement savings: What to do with old 401(k)s, IRAs
Employees can simplify retirement portfolios by merging multiple accounts
How workers can take advantage of the new tax bracket sweet spots
Employees may expect a lower tax liability because of the new rates under the new tax law, especially those who were in the 25% bracket under the old law.
One in five Americans aren’t saving a penny
High living costs and lack of saving opportunities in the workplace are preventing many from building up a nest egg.
Do workers need a do-over on your Roth conversion?
Employees who converted traditional IRA assets into Roth last year can still undo the conversion this year if they are going to pay more in taxes than what they were supposed to gain
Can workers get tax-free funds from IRAs and 401(k)s?
Employees should consider limiting their traditional 401(k) savings, as the plans provide taxable distributions that can boost their tax bill in retirement
More employers are offering Roth 401(k)s
More workers are gaining access to a Roth 401(k), and employees should take advantage of it.
How to get the most out of IRA contributions
Employees who intend to invest in an IRA and make the most of the account should determine which of a Roth and a traditional IRA will best suit their needs.
Help workers maximize their Social Security benefits
Working seniors who intend to start collecting Social Security benefits in the middle of the year should know about the monthly earnings test.
Retirement may be hazardous to employee health
A study suggests seniors tend to be healthier and live longer if they continue working past the retirement age, rather than leaving the labor force for good.
Comparing self-employed retirement plans
The solo 401(k), the SEP IRA and a SIMPLE IRA are retirement savings vehicles that are meant for contractors, freelancers and other self-employed individuals
Declutter retirement savings: What to do with old 401(k)s, IRAs
Employees can simplify their retirement portfolio by merging multiple accounts.
Will working longer increase workers’ Social Security benefits?
Working longer and delaying Social Security could result in a bigger retirement benefit.
Where to hide from market volatility if workers are about to retire
Investors are advised to liquidate some assets or transfer them to certificates of deposit and money market funds.
