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.
Social Security
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.
What workers should consider before taking a distribution from a self-directed IRA
Employees should account for the tax ramifications before making such a decision.
401(k) features all workers should know
Contributing $300 a month to a 401(k) over 40 years with an average 7% return will result in more than $700,000. So the benefits are there, but do your employees know the details?
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.”
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.
4 things keeping workers from retirement savings (and how to fix them)
Many employees may not be able to have a comfortable life in their golden years because they carry a hefty credit card debt into retirement
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.
Will employees’ target-date 401(k) funds blow up their retirement?
These funds can help workers put saving plans on autopilot, but they can also take on more risk than expected.
What employees need to know before opening a Roth IRA for their children
Parents should ensure that their child has earned an income adequate enough to be able to open an account, among other requirements.
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.
It’s high time Gen X takes retirement seriously
Many Gen Xers do not have enough retirement savings even as they approach their peak earning years.
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
Employees’ Social Security checks might be smaller than expected
Benefit are usually expected to replace about 40% of their pre-retirement income, but that's an average, so many workers will get even less. The question is: how much less?
