How 401(k) savers can avoid a nasty surprise come retirement
Although taxes on traditional 401(k) contributions are deferred, distributions will be subject to ordinary income taxes in retirement.
Retirement income
How much should employees take out of their portfolio when they retire?
Workers should develop a sustainable withdrawal strategy to ensure that they won't outlive their savings.
Satisfaction with employer retirement plans in decline
Workers say they are less satisfied with their defined contribution plans and would like to see more investment options.
The one huge expense most retirees aren’t ready for
An average couple aged 65 who are about to retire this year will need $285,000 to cover healthcare expenses.
Satisfaction with employer retirement plans in decline
Workers say they are less satisfied with their defined contribution plans and would like to see more investment options.
3 ways to boost employees’ retirement savings without upping their contributions
Ensure their contributions don't exceed the limits to avoid a penalty tax.
Benefits Think Job hopping can hamper retirement savings — but it doesn’t have to
Account balances for workers who changed jobs were 60% lower than those who stayed with one employer for a four-year period, according to one study.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Benefits Think Job hopping can hamper retirement savings — but it doesn’t have to
Account balances for workers who changed jobs were 60% lower than those who stayed with one employer for a four-year period, according to one study.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Which types of assets should retirees spend first?
Seniors who hold retirement savings in various assets should develop a tax-efficient withdrawal strategy.
House votes to ease rules, incentivize use of MEPs
In addition to increasing the age limit for required minimum distributions, the bill also makes it easier for employers to unite and form joint retirement plans.
Lawmakers see momentum for bills promoting workplace retirement plans
Congress is considering open MEPs, fiduciary safe harbors and tax incentives as ways to incentivize employers to roll out retirement plans.
The tax break retirees might not know about
Some seniors are missing out on a potential 20% tax deduction, and “no one is talking about what a wonderful retirement planning technique" it is, says an expert.
What to do if you have to retire early
Seniors in this position may face a tax bill and possibly a penalty if they dip into their 401(k) prematurely, says an expert.
Why volatility shouldn’t scare you — even close to retirement
A market correction only becomes a real risk if investors act and make buy or sell decisions to alleviate mental anguish today at the expense of tomorrow, says an expert.
Should my wife file for Social Security retirement benefits now or delay till 70?
A 67-year-old wife collecting spousal benefits will be better off waiting until 70 before shifting to her own retirement benefit if she remains healthy, according to this Q&A article.
New legislative idea may help plan sponsors offer annuities
Even if employers’ concerns are exaggerated, fear of fiduciary responsibility keeps them from offering lifetime income products.
Social Security isn’t America’s only public retirement crisis
Cuts in Medicaid could prove disastrous for low-income retirees who rely on the program for nursing home care, experts say.
Will employer DC plans finally provide lifetime income?
Facing a difficult math problem of planning for retirement, advocates are exploring a path to lifetime income without traditional annuities.
Social Security: Bright spots and trouble on the horizon
Asset reserves are projected to become depleted in 2035, a year later than previously estimated.
Baby boomers in this city are plagued with the most debt
One state has two of the top three cities in terms of boomer debt.
