IRAs

While the average savings in retirement accounts increased markedly in recent years, the amounts varied significantly by income levels, says an expert.

Most retirees said they adapted to their situation of having limited retirement income and they have had few regrets, according to a survey.

Most retirees said they adapted to their situation of having limited retirement income and they have had few regrets.

Owning a home can bring tax benefits, as well as equity that can be used to create an income stream, but in some cases a rental can be a better deal for retirees.

Owning a home can bring tax benefits, as well as equity that can be used to create an income stream, but in some cases a rental can be a better deal for retirees.

One guideline to remember is that retirees should continue being invested in stocks, which produce high returns and pay dividends.

One guideline to remember is that retirees should continue being invested in stocks, which produce high returns and pay dividends.

Retirees who are considering investing in an immediate annuity can make sure they get a competitive quote by consulting the annuity payment calculator at immediateannuity.com.

Retirees who are considering investing can make sure they get a competitive quote by consulting the annuity payment calculator at immediateannuity.com.

Retirees can consider a Roth IRA if they want to leave assets that would not be taxed once inherited.

Some of these states, however, may not be tax-friendly for retirees.

Some of these states, however, may not be tax-friendly for retirees.

Between taxes and penalties on early withdrawals, many clients will only be getting 65 cents for every dollar they take out.

Between taxes and penalties on early withdrawals, many people will only be getting 65 cents for every dollar they take out.

Retirees are likely to have fewer choices when they start shopping around for Medicare Advantage plans during the open-enrollment period that begins Oct. 15.

The amount that can be transferred is equivalent to the HSA's annual contribution limit, which is $3,400 for singles and $6,750 for couples.

Retirees who under-reported their income to avoid taxes will also get smaller retirement benefits than they deserve.

Retirees who under-reported their income to avoid taxes will also get smaller retirement benefits than they deserve.

Retirees should weigh a number of factors, including the fact that the closing costs for reverse mortgages are higher than those for regular mortgages.

Retirees should weigh a number of factors, including the fact that the closing costs for reverse mortgages are higher than those for regular mortgages.