Retirement scan

In September, the inflation rate was 2.23%, slightly higher than the proposed Social Security increase. So realistically, recipients "will not be better off at all."

Those who leave the workforce can maximize the tax benefits by donating a portion of their IRA assets directly through a qualified charitable distribution

More employers are increasingly becoming more open to making seasonal jobs into a year-round work and hiring retirees on a part-time basis.

High-yield or junk bonds, equities, and real estate investment trusts are excellent investment options for IRAs.

Indeed they are. Not only are they less healthy, they are more likely to worry about not having enough funds for housing, utilities and other necessities.

The tax cut proposal would not benefit retirees because most of them either owe no federal income taxes or face a modest tax burden.

Employees aged 50 and above would no longer be able to make catch-up contributions on a pretax basis to their retirement plans under the Senate version of the GOP tax proposal.

Employees aged 50 and above would no longer be able to make catch-up contributions on a pretax basis to their retirement plans under the Senate version of the GOP tax proposal.

A health savings account can be used to cover medical bills and can also be a great savings vehicle for retirement.

Employees who sock all their savings in a tax-deferred 401(k) plan will owe taxes at a higher rate when the funds are withdrawn in retirement.