Social Security truth or consequences
There are hundreds of rules and claiming strategies – the wrong one can have major repercussions.
Social Security
How to save for retirement with student loans
Workers are advised to contribute enough to their workplace plans to get the match even while paying off their college debt.
Blue-collar workers could be harmed by a higher retirement age
Compared with college-educated professionals, high school educated workers retire earlier because their jobs are physically demanding and less appealing for aging workers.
This retiree trap can send your Social Security benefits to the IRS
Seniors will have to pay income taxes on a certain portion of their benefits if their taxable income plus 50% of the benefits exceed a certain threshold.
Want to be a landlord in retirement? These tools could make it easier
For potential landlords, owning rental property can sometimes be managed from a laptop or even a phone.
Pick a better health insurance policy
Premiums appear to be stabilizing finally and even dropping in some states.
Can bonds disrupt your retirement?
The "Rule of 100" follows the rule-of-thumb of growing more conservative as investors grow older, but it also may be obsolete since it was developed when interest rates were higher.
Too many people are making this retirement planning mistake
While 75% of rich older Americans are worried about healthcare costs in retirement, very few of them are actually planning on how to cover these expenses.
Medicare prescription drug coverage: Clients may need a new plan
Those new to Medicare may not realize they need to buy a separate policy to cover prescription drugs. There are some partial exceptions, but even in those cases, coverage can vary.
Less is more: Use a minimalist approach for 401(k) investing
Investors have an average of 25 funds to choose from in their 401(k) plans, but some financial advisors suggest that the best approach is to pick a small number of very broad funds.
IRS to retirees: Check your pension and Social Security withholdings ASAP!
Other groups, such as those who used to itemize tax deductions but will now use the high standard deduction, are also advised to check their withholding taxes.
Universal life insurance, a 1980s sensation, has backfired
Many older Americans are now facing hefty life insurance premiums due to dwindling interest rates. Many seniors are sitting on a "ticking time bomb."
Boosting widows’ benefits could reduce poverty in retirement: Report
Boosting the widow's benefit, while limiting the size of the increase for higher earners, could be a “well-targeted way to help reduce poverty for this vulnerable group.”
Here’s some potential good news about required minimum distributions
The Trump administration is considering pushing back the age at which retirees have to take required minimum distributions from tax-deferred retirement account.
401(k) investors: As markets and economy surge, some experts fear a downfall
Tax cuts and other policies have stirred a stronger economy, but these results could mean vulnerable financial markets in the foreseeable future.
Retiree tax tip: Tally taxes on Social Security
Retirees will owe taxes for up to 85% of their Social Security benefits if their adjusted gross income plus nontaxable interest exceed a certain threshold.
Why employees who claim Social Security early often live to regret it
A study notes that retirees might be experiencing the “Homer Simpson” mindset, in which they choose immediate gratification without thinking about the long-term consequences.
4 out of 5 workers are making this costly retirement mistake
Among current retirees, the numbers aren't much better: 60% of them have not calculated how much health care costs impact their savings.
Washington wants to help workers save more in their 401(k)
Lawmakers are looking to pass the Retirement Enhancement and Savings Act of 2018, which will allow workers to save more while encouraging employers to offer more retirement savings options.
Financial factors to consider when choosing a retirement location
Cost of living is a key consideration, but a retiree’s goals and objectives are also important.
