Here’s how the timing of Social Security could ruin employees’ finances
If retirees intend to rely heavily on Social Security for income, they should consider adjusting the timing of their bills to the date that they will receive their benefits.
Social Security benefits
The real reason why your 401(k) fees are falling
Mutual fund costs have fallen to 48 basis points in 2016 from 77 basis points in 2000 for plan participants, according to data from Investment Company Institute.
The huge financial burden many retirees now face
Rents have increased an average of 3% annually over the 14-year time period of the study, while incomes have declined .1% annually.
Will spousal benefits decrease if husband files early?
Whether the husband takes reduced benefits has no impact on the spousal rate, although it could effect potential widow's benefits, according to a Social Security expert.
When to step in and take over an older parent’s finances
Retirees should delegate the management of their finances to their children before they reach advance years and their health starts to decline.
Medicare costs could rise by more than 200% for these retirees
Medicare premiums will increase for high-income retirees because of the change in the income brackets that will serve as basis for determining these premiums for their Part B and Part D coverage.
Solving the healthcare puzzle with a health savings account
Workers with a high-deductible health plan will be better off setting up a health savings account, which offers tax benefits for savings earmarked for future medical expenses.
How to claim Social Security benefits wisely
Clients should determine the benefits they would receive if they file at age 62, at full retirement age, and after their full retirement age.
Social Security insecurity creates planning challenges for advisers
Inflated client expectations mingled with fears of congressional cutbacks are making retirement planning even more complex.
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.
Are employees financially ready to live to 100?
Instead of amassing $1 million in savings, clients should consider asking themselves if they are prepared financially for several decades of retirement.
Many Americans go broke in retirement, but others grow their wealth
Many retirees kept their financial assets for at least 20 years after retiring, according to a study by the Employee Benefit Research Institute.
How retirement strategies should change as workers age
Employees have to change their retirement goals and strategies over the years, starting off heavily in stock allocation while in their 30s.
How workers can track down a lost 401(k) or pension
Employees who think they have lost their retirement assets are advised to seek help from the DOL or nonprofit pension counseling centers funded by HHS.
Helping workers invest their health savings accounts
Even if an employee does not use the triple-tax-advantage of these accounts, the benefits are still valuable.
New pass-through tax break for retirement Income
People looking to retire but wanting to keep a part-time gig will benefit from a new law that gives a 20% deduction for “pass-through entities.”
Setting 401(k) goals: How millennials can fix investment mistakes
A study has found that while millennial employees are saving for retirement, they are making mistakes that can be easily corrected.
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.
The new Retirement Enhancement and Savings Act aims to increase voluntary retirement savings
The bill aims to help workers think in terms of lifetime income — as opposed to accumulated balances — by requiring benefit statements to include income estimates at least once a year.
9 ways 401(k) investors can profit from an aging bull market
In a bull market's later stages, some types of investments work better than others. Find out which ones they are.
