IRAs

High living costs and lack of saving opportunities in the workplace are preventing many from building up a nest egg.

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

Employees should consider limiting their traditional 401(k) savings, as the plans provide taxable distributions that can boost their tax bill in retirement

More workers are gaining access to a Roth 401(k), and employees should take advantage of it.

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.

Working seniors who intend to start collecting Social Security benefits in the middle of the year should know about the monthly earnings test.

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.

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

Employees can simplify their retirement portfolio by merging multiple accounts.

Working longer and delaying Social Security could result in a bigger retirement benefit.

Investors are advised to liquidate some assets or transfer them to certificates of deposit and money market funds.

As long as their earnings won't exceed the limit set by the Social Security Administration, they will not lose their benefits.

Only less than one-third of workers polled by TIAA claimed that they are contributing to an IRA

Employees should consider that state laws may differ on who may be legally recognized as a beneficiary's spouse and thus whether their partner would be entitled to spousal benefits.

While the funds are ideal for certain people, they don't address important retirement considerations, such as the cost of funding a comfortable living and a person’s savings rate.

IRA investors can draw funds from their accounts tax-free if the money will be used to fund college tuition and other related costs.

Adding five years to working years will enable workers to replace their pre-retirement income by up to 90% instead of 60% in some cases,

Employees looking to launch a business should consider collecting their retirement benefits early.

The law allows clients the ability to make tax-free withdrawals for elementary and secondary school expenses.

One strategy to enhance financial prospects is to get a part-time job via the gig economy.