Retirement withdrawals

Employee retirement contributions soared 15% from last year, Fidelity Investments says.

One state has two of the top three cities in terms of boomer debt.

By educating employees about the importance of incubating saver’s credits, employers can make them less likely to cash out their 401(k)s when they change jobs.

As an alternative to placing restrictions on lump sum withdrawals, clients could provide retirees more distribution flexibility.

As an alternative to placing restrictions on lump sum withdrawals, employers could provide retirees more distribution flexibility.

Not having a full understanding could hurt workers’ retirement prospects by causing them to possibly miss out on their employer’s match or not reducing their taxable income as much as possible.

The Pension Benefit Guaranty Corp. is facing a $54 billion deficit for insuring multiemployer plans in unionized industries, says the GAO report.

If the client makes a mistake, they are advised to take the RMD as soon as they discover it so they can ask the IRS for a waiver of the penalty.

Retirement plans may decline to offer delayed RMDs, plan loans, stretch and hardship distributions and a host of other legally sanctioned tax maneuvers.

Seniors are more likely to opt for the standard deduction, which increased under the new tax law, but those who want to maximize their deductions have several considerations.

A recent ruling by the U.S. Labor Department could open the door for automatic 401(k) transfers between employers, which means fewer workers will be tempted to cash out.

One approach to determine a retirement withdrawal rate is to set a fixed percentage of their portfolio every year, says an expert. But there are other strategies, as well.

Compared to lower earners, clients with moderate and higher incomes will owe more taxes on the distributions from tax-deferred accounts after they retire.

Although rainy day funds can be useful in the ongoing struggle to curtail leakage of savings from defined contribution plans, they won’t plug the biggest hole in the retirement system’s proverbial bucket.

Growing numbers of federal workers have been tapping their retirement funds in a sign of how the government shutdown is squeezing day-to-day finances.

With financial wellness education, full automation and more, employers can help their employees improve their plans.

Advisers can help guide workers who are considering the best option for their retirement plan.

Advisers can help guide workers who are considering the best option for their retirement plan.

The new year is expected to be a turning point that will help more workers secure their retirement.

Despite Social Security's financial woes, the revenue shortfall can be easily fixed, say experts at Boston College Center for Retirement Research. But it will only go so far in paying for living expenses.