This tax break could save thousands of dollars a year if you own a home
These property tax deferral programs are available to older homeowners who want to postpone real estate taxes provided they remain living in their home.
Social Security
How to plan (or not) for Social Security in retirement
Most people, particularly younger clients, worry that they will not be able to get their Social Security benefits by the time they retire.
Millennials could be hit hard by delaying Social Security fix
Millennials and other younger clients would see their Social Security benefits decrease 21% once the program runs out of funds by 2034.
Will single boomers move to senior housing?
Many single baby boomers opt to stay put in retirement because they have no children who would advise them to move to an assisted living or continuous care community.
Avoiding the storms in your retirement portfolio
When the financial clouds are gathering, your clients have preparations to make. Top of the list: reduce risk.
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
The best way to save for retirement may be to not think about it
Recent studies suggest that although many Americans have boosted their retirement savings, many people remain worried about their future prospects
How part-time work in retirement can affect Social Security taxes and Medicare costs
Up to 85% of retirement benefits might be taxed if their combined income exceeds a certain threshold.
The No. 1 reason workers save money (it’s not for retirement or to buy a home)
More than one third of the respondents (37%) save for emergency purposes, while 30% save to secure their retirement. See the reason that tops the list.
What Congress is doing to boost retirement savings
Congress is considering seven bills, which if passed, would help Americans improve their retirement prospects.
Maximize Social Security benefits for surviving spouses
82% of surviving spouses could have collected a higher benefit if they did things differently with their filing, according to a new report.
The stealth pension mortgage on your house
States with unfunded public employee retirement obligations will have to rely on real estate property as their ultimate collateral to deal with the risk.
Finding health insurance before Medicare
Employees are advised to start looking for coverage in the marketplace, which will be open for 2019 enrollment from Nov. 1 through Dec. 15.
4 signs your employee retired too early
Retirees may have gotten out of the workforce too early if they are not yet eligible to claim health coverage through Medicare.
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.
One of the biggest retirement mistakes investors are making
Many retirement investors are including target-date funds in their 401(k) plans, but this strategy may not be a smart move.
6 financial milestones employees should hit in their 60s
Seniors should have socked away at least 10 times their salary in their retirement accounts by the time they retire to secure their golden years.
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.
