Retirement

Millennials are leading the charge when it comes to increasing their retirement account contributions, according to Fidelity Investments.

Prudential’s analysis underscores the challenges that companies face as low interest rates, which increase pension liabilities, and substantial payouts to retirees temper the benefits generated by rising equity markets.

Filing for Social Security can be a wrong move if seniors are still employed and earning a wage income.

Millennials are leading the charge when it comes to increasing their retirement account contributions, according to Fidelity Investments.

Data from retail investors firm Hearts & Wallets show that the number of clients owning taxable brokerage accounts has increased 10% over the past five years.

Some are forced to retire early because of disability, layoff and health issues, while others fear that the program will reduce future benefit payouts as a result of its financial woes.

PlanFocus takes crucial functions, such as the distribution of a loan, and allows employers to quickly approve participant transactions more effectively.

Annuities can be qualified or non-qualified and are subject to different tax treatments. There are also estate tax consequences as well as tax penalties to consider.

Selecting the right 401(k) plan administrator is not a ‘no brainer,’ and advisers can add real value by helping clients make the best choice.

If retirees intend to rely heavily on Social Security for income, they should consider adjusting the timing of their bills to the date that they will receive their benefits.