Retirement scan

Each plan has pros and cons: Clients who own a Roth IRA for at least 5 years are entitled to penalty-free withdrawals for education expenses, but they'll owe income taxes on those earnings.

Each plan has pros and cons: Clients who own a Roth IRA for at least 5 years are entitled to penalty-free withdrawals for education expenses, but they'll owe income taxes on those earnings.

Medicare costs count as a deductible medical expense, but only if they exceed 7.5% of adjusted gross income.

Almost 50% of the workers polled by EBRI claimed to have less than $25,000 in their retirement accounts.

The stock market has been on a tear which helps explain the rising optimism in retirement optimism.

The stock market has been on a tear, writes a financial analyst, which helps explain the rising optimism.

Until the early 1980s, Social Security wasn't taxed. But in some situations today, clients may be in for a surprise.

Until the early 1980s, Social Security wasn't taxed. But in some situations today, clients may be in for a surprise.

Clients should ask themselves if a remote, self-contained community fits their personality and if they want to live with other seniors.

Clients should ask themselves if a remote, self-contained community fits their personality and if they want to live with other seniors.

Retirees who turned 70 1/2 in 2016 have until April 1 to take required minimum distributions from their tax-deferred retirement accounts.

A retired teacher who receives a state pension in California may still qualify if they paid into the program and earned 40 credits, says a certified financial planner.

Many seniors are unaware that Medicare premium payments are deductible, while their spouses who are still working can contribute to a spousal IRA and reduce their taxable income.

Many seniors are unaware that Medicare premium payments are deductible, while their spouses who are still working can contribute to a spousal IRA and reduce their taxable income.

Getting married could boost couples' retirement prospects as it opens more retirement savings options, such as a spousal IRA.

Getting married could boost couples' retirement prospects as it opens more retirement savings options, such as a spousal IRA.

Investors can expect a bill from their traditional IRA or Roth IRA if they hold non-traditional assets, such as limited partnerships.

Despite a stock market rally, it is possible that American's 401(k) returns will remain low.

Here’s one reason why clients should consider maxing out their contributions ahead of claiming deductions this year.

Here’s one reason why clients should consider maxing out their contributions ahead of claiming deductions this year.