How to claim Social Security benefits wisely
Clients should determine the benefits they would receive if they file at age 62, at full retirement age, and after their full retirement age.
Retirement scan
Missing retirement accounts cost retirees billions
More than 25 million workers resigned and left at least one retirement account with their former employer between 2004 and 2013, according to the U.S. Government Accountability Office.
Social Security ‘is under attack,’ say these congressional Democrats
A recent report from Democrats on the Joint Economic Committee says that Social Security is being threatened, and the federal government should consider modernizing and enhancing the program.
Do employees know the differences in the various IRAs?
The differences generally come down to investor eligibility and when taxes are paid, but that can have a significant impact.
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.
Employees are probably going to live longer — can they afford it?
People are expected to have a longer life span, and this could pose a challenge in that it will require bigger nest eggs for retirement.
How to protect a retirement plan in a down market
Elderly workers should make sure they have enough fixed-income in their retirement portfolios to spin off cash to cover the gap between income and expenses until the market recovers.
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.
6 misunderstood IRA rules and strategies
A Roth IRA is an excellent savings vehicle for older people as it is for younger clients.
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.
How to help employees negotiate their retirement salary
Seniors who are retired or approaching retirement are advised to weigh their options carefully before deciding on how much income to draw from their portfolio
Why traditional retirement planning isn’t going to cut it
An employee's long life could be the death of their retirement savings.
A little-known 401(k) trick can open the floodgates to Roth IRA savings
A Roth IRA is a good savings vehicle for workers who expect to move to a higher tax bracket in retirement.
Do employees have to sign up for Medicare at 65?
There can be substantial penalties for those who are late to sign up, but when exactly is that deadline?
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.”
