How retirees can pay for health care
Those who left the workforce can open HSAs, which offer tax breaks on contributions and qualified distributions, and tax-free growth on investments.
Social Security
A clever way to cut clients’ heirs’ income taxes
Retirees can consider a Roth IRA if they want to leave assets that would not be taxed once inherited.
Why workers should avoid tapping retirement plans after disasters
The IRS is relaxing some rules to make pulling money from retirement plans easier after hurricanes Irma and Harvey, but clients should remember the taxes and penalties associated with withdrawals are unchanged,
Why clients should avoid tapping retirement plans after disasters
The IRS is relaxing some rules to make pulling money from retirement plans easier after hurricanes Irma and Harvey, but clients should remember the taxes and penalties associated with withdrawals are unchanged,
37 states that don’t tax Social Security benefits
Some of these states, however, may not be tax-friendly for retirees.
37 states that don’t tax Social Security benefits
Some of these states, however, may not be tax-friendly for retirees.
Employees hope to work later in life. Here’s the reality
The average retirement age is 61, with only 4% of seniors working until the age of 70 or older, according to a Gallup survey.
People hope to work later in life. Here’s the reality
The average retirement age is 61, with only 4% of seniors working until the age of 70 or older, according to a Gallup survey.
How to shield retirement savings from the next market crash
Advisers can protect their clients' retirement savings by allocating their assets across equities, fixed income and cash.
Collect Social Security at 62 and spousal at full retirement age?
Each pre-retiree couple is in a unique circumstance, and needs to account for their health and longevity, as well as their willingness and ability to work.
Big changes expected in many 2018 Medicare Advantage plans
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 right car purchase could help workers’ retirement dreams
Employees should consider a dependable second-hand car instead of a new one, and then redirect the money saved into a retirement account.
The challenge of living with low interest rates
Rates are likely to remain low, which will have a negative effect on retirees and older workers who are adjusting their portfolios in preparation for retirement.
Living with low interest rates
Rates are likely to remain low, which will have a negative effect on retirees and older workers who are adjusting their portfolios in preparation for retirement.
Could employees live off Social Security alone?
Workers should start shoring up their savings by chipping in as much as they reasonably can to their employer’s retirement plan, especially if it comes with a matching contribution.
8 ways workers could miss out on Social Security benefits
Retirees who under-reported their income to avoid taxes will also get smaller retirement benefits than they deserve.
8 ways clients could miss out on Social Security benefits
Retirees who under-reported their income to avoid taxes will also get smaller retirement benefits than they deserve.
13 reverse-mortgage misunderstandings that could cost workers
Retirees should weigh a number of factors, including the fact that the closing costs for reverse mortgages are higher than those for regular mortgages.
13 reverse-mortgage misunderstandings that could cost clients
Retirees should weigh a number of factors, including the fact that the closing costs for reverse mortgages are higher than those for regular mortgages.
How to mitigate the taxes that come with a Roth IRA conversion
IRA investors should consider implementing a charitable lead annuity trust when converting some of their funds into Roth to mitigate the tax bite.
