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Although taxes on traditional 401(k) contributions are deferred, distributions will be subject to ordinary income taxes in retirement.
June 3
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Workers should develop a sustainable withdrawal strategy to ensure that they won't outlive their savings.
May 31
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An average couple aged 65 who are about to retire this year will need $285,000 to cover healthcare expenses.
May 29
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Ensure their contributions don't exceed the limits to avoid a penalty tax.
May 28
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As much as 46% believe Medicare will cover the costs of long-term care.
May 24
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Seniors who hold retirement savings in various assets should develop a tax-efficient withdrawal strategy.
May 23
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Some seniors are missing out on a potential 20% tax deduction, and “no one is talking about what a wonderful retirement planning technique" it is, says an expert.
May 14
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Seniors in this position may face a tax bill and possibly a penalty if they dip into their 401(k) prematurely, says an expert.
May 10
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A market correction only becomes a real risk if investors act and make buy or sell decisions to alleviate mental anguish today at the expense of tomorrow, says an expert.
May 6
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A 67-year-old wife collecting spousal benefits will be better off waiting until 70 before shifting to her own retirement benefit if she remains healthy, according to this Q&A article.
May 2
