3 money mistakes that could ruin workers’ retirement
Employees should refrain from cosigning their child's student loan, as Social Security could garnish their retirement benefits if the child defaults on the loan payments.
Retirement scan
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.
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
Even responsible savers make retirement mistakes
Holding too much cash is one of the common errors that employees make when saving for retirement.
The December 31 deadline for a clever Roth IRA tax move
Investors are advised to do a Roth conversion before year-end to make the most of the federal tax deduction for state and local income taxes, which could disappear next year.
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.
Get a tax-smart plan for in-retirement withdrawals
Retirees who have reached the age of 70 1/2 should take required minimum distributions from tax-deferred accounts, while those who are younger should draw from their taxable accounts.
Get a tax-smart plan for in-retirement withdrawals
Retirees who have reached the age of 70 1/2 should take required minimum distributions from tax-deferred accounts, while those who are younger should draw from their taxable accounts.
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,
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.
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.
Fixing small-company 401(k)s
Small firms are allowed to set up multiple-employer plans, but the government needs to "simplify and rationalize the rules" for these types of plans, says an expert.
401(k) retirement balances exceed expectations
New data shows that the average account balance broke records after increasing to $99,900 in the third quarter.
Social Security income can make or break retirees’ plan
Retired workers should claim their retirement benefits only when other taxable income sources are used up, as their benefits could be taxed if their taxable earnings reach a certain threshold.
4 smart Social Security moves to make before year-end
Workers can improve the odds of getting bigger Social Security benefits after they retire by asking for a salary raise from their employer.
