Living with low interest rates
Rates are likely to remain low, which will have a negative effect on retirees and older workers who are adjusting their portfolios in preparation for retirement.
Retirement scan
Could employees live off Social Security alone?
Workers should start shoring up their savings by chipping in as much as they reasonably can to their employer’s retirement plan, especially if it comes with a matching contribution.
Transferring IRA money to a health savings account
The amount that can be transferred is equivalent to the HSA's annual contribution limit, which is $3,400 for singles and $6,750 for couples.
Twin terms that can trip up investors
These two accounts are both funded with money that has already been taxed, but there are still important differences that clients need to know.
Are senior workers really ready to retire?
Pre-retirees should have Medicare or health insurance in place to cover their medical costs, along with a well-maintained investment portfolio.
8 ways workers could miss out on Social Security benefits
Retirees who under-reported their income to avoid taxes will also get smaller retirement benefits than they deserve.
8 ways clients could miss out on Social Security benefits
Retirees who under-reported their income to avoid taxes will also get smaller retirement benefits than they deserve.
13 reverse-mortgage misunderstandings that could cost workers
Retirees should weigh a number of factors, including the fact that the closing costs for reverse mortgages are higher than those for regular mortgages.
13 reverse-mortgage misunderstandings that could cost clients
Retirees should weigh a number of factors, including the fact that the closing costs for reverse mortgages are higher than those for regular mortgages.
How to mitigate the taxes that come with a Roth IRA conversion
IRA investors should consider implementing a charitable lead annuity trust when converting some of their funds into Roth to mitigate the tax bite.
How to mitigate the taxes that come with a Roth IRA conversion
IRA investors should consider implementing a charitable lead annuity trust when converting some of their funds into Roth to mitigate the tax bite.
When’s the right time to take RMDs?
The withdrawals can be taken early in the year, late in the year or in installments throughout the year. Each approach has advantages to consider.
When’s the right time to take RMDs?
The withdrawals can be taken early in the year, late in the year or in installments throughout the year. Each approach has advantages to consider.
Why workers may want to contribute to their child’s retirement
Recent graduates tend to be in a low tax bracket early in their careers when it pays for them to save as much as they can in a Roth IRA or Roth 401(k), writes an industry expert.
Why clients may want to contribute to their child’s retirement
Recent graduates tend to be in a low tax bracket early in their careers when it pays for them to save as much as they can in a Roth IRA or Roth 401(k), writes an industry expert.
Employees finally retired? They shouldn’t be afraid to spend money
New retirees are often anxious about spending to much, depriving themselves of some comforts of life for fear of outliving their nest egg.
Clients finally retired? They shouldn’t be afraid to spend money
New retirees are often anxious about spending to much, depriving themselves of some comforts of life for fear of outliving their nest egg.
Making retirement lemonade from health insurance lemons
The total out-of-pocket health care expenses of a 65-year-old couple in retirement could exceed $320,000, plus 5% annual increases.
Making retirement lemonade from health insurance lemons
The total out-of-pocket health care expenses of a 65-year-old couple in retirement could exceed $320,000, plus 5% annual increases.
Common tax surprises for surviving spouses
Surviving spouses will either receive their own Social Security benefit or the survivor's benefit, whichever is higher. But they also may get pushed to a higher tax bracket, which. in turn, could mean higher taxes on Social Security benefits.
