Retirement withdrawals

Employees may expect a lower tax liability because of the new rates under the new tax law, especially those who were in the 25% bracket under the old law.

The managed account provider will partner with the recordkeeper to expand its financial advice and investment management services.

Parents should ensure that their child has earned an income adequate enough to be able to open an account, among other requirements.

Many Gen Xers do not have enough retirement savings even as they approach their peak earning years.

The solo 401(k), the SEP IRA and a SIMPLE IRA are retirement savings vehicles that are meant for contractors, freelancers and other self-employed individuals

The new tax law has extended the grace period for outstanding 401(k) loans made by workers who switch jobs, luring more participants to borrow from their accounts, exposing them to greater risk.

Taxation of retirement plan distributions and Social Security benefits remains unchanged under the new tax law, but retirees are likely to see an increase in after-tax income.

The proposed budget includes a provision that would give Medicare recipients the option to contribute to a health savings account, which would offer various tax benefits.

Raising the payroll tax is the easy way (in theory); here are other solutions for funding the Social Security shortfall.

Younger investors may see the market's swing as just another fluctuation in the market, while assuming that time is on their side. Older investors, on the other hand, may be far more stressed.

Working longer and delaying Social Security could result in a bigger retirement benefit.

Retirees are advised to step back to get a better perspective and then review their asset allocation in their portfolio.

Retirees who consider taking withdrawals from their 401(k) and other similar plans should account for the tax impact before making a decision.

Savers are starting to take money out of their 401(k) accounts—despite taxes and penalties involved—assuming it will be replaced as markets continue to surge upward.

Retirees living overseas can still claim Social Security benefits, but they must see if their country of residence requires them to have a local bank account.

Employees should consider that state laws may differ on who may be legally recognized as a beneficiary's spouse and thus whether their partner would be entitled to spousal benefits.

While the funds are ideal for certain people, they don't address important retirement considerations, such as the cost of funding a comfortable living and a person’s savings rate.

IRA investors can draw funds from their accounts tax-free if the money will be used to fund college tuition and other related costs.

Adding five years to working years will enable workers to replace their pre-retirement income by up to 90% instead of 60% in some cases,

Tax-free withdrawals could outweigh an employer's match if early withdrawals are made for expenses like healthcare.