Missing this retirement deadline could trigger a 50% tax penalty
Seniors who are 70 1/2 and older should ensure that they take their first required minimum distribution from tax-deferred retirement accounts by Dec. 29.
Retirement income
Millennials can exit workforce by 50 with careful planning
Many younger workers find it difficult to think beyond their student debt, which averages $32,731 with an average monthly payment of $393, according to the Federal Reserve.
Tips for avoiding costly RMD missteps
Missing required 401(k) minimum distributions are subject to a penalty equal to half the amount that should have been taken.
Trump asks Americans, ‘how’s your 401(k)?’ Here’s the answer
Although the current year has been good for participants, many workers are not investing in a retirement plan.
Employers tackle low participation rates in financial stability programs
Money worries continue to plague employees but executives struggle to create plans that address workers’ fiscal woes.
Breaking down retirement provisions in the tax reform bill
Employers are relieved that plans are left unscathed, but insiders are still keeping a sharp eye on the impact of deduction for pass-through entities.
Year-end strategies to save money on taxes
Those who leave the workforce and are sitting on losing investments may do tax-loss harvesting, or they may donate their winning holdings to a charity to avoid the capital gains tax
Employers tackle low participation rates in financial stability programs
Money worries continue to plague employees but executives struggle to create plans that address workers’ fiscal woes.
Even responsible savers make retirement mistakes
Holding too much cash is one of the common errors that employees make when saving for retirement.
3 tax-planning mistakes retirees too often make
Relying too much on tax-loss harvesting to generate an income is a common mistake that workers should avoid after they retire.
3 tax-planning mistakes retirees too often make
Relying too much on tax-loss harvesting to generate an income is a common mistake that clients should avoid after they retire.
7 ways to travel more in retirement
Retirees should take advantage of their flexible schedule, which allows them to go on vacation during off season to save on costs.
7 ways to travel more in retirement
Retirees should take advantage of their flexible schedule, which allows them to go on vacation during off season to save on costs.
4 retirement moves for employees
With the right steps, workers can reduce their tax liability, as well as new sources of retirement income with different tax treatments,
CenturyLink sued for bad 401(k) advice
The telecom giant is facing an Employee Retirement Income Security Act lawsuit, filed by an employee who says the company mismanaged funds.
Defuse the tax bomb that threatens retirement
If employees set aside a portion of earnings in a 401(k) or IRA, taxes weren't forgiven, just deferred. They'll still owe money to the IRS at some point.
CenturyLink sued for bad 401(k) advice
The telecom giant is facing an Employee Retirement Income Security Act lawsuit, filed by an employee who says the company mismanaged funds.
What shaped the retirement industry in 2017?
Tax reform and fiduciary rule delays dominated discourse in the ongoing effort to improve work-based savings and financial security.
3 unexpected retirement costs that can shake up employees’ finances
While clients cannot determine their health care expenses and taxes in retirement, they can improve their prospects by minimizing investment fees and diversifying their portfolios.
Two House bills aim to reform workplace retirement
The proposed legislation would penalize employers for not offering an auto deferral DC plan.
