Retirement

Many workers think hey are not allowed to contribute to a 401(k), a traditional IRA and a Roth IRA in the same year, which is untrue.

Early withdrawals from retirement investments can trigger a hefty penalty.

The average balance in Fidelity’s survey is a record $92,500. For workers with the same employer for 10 years, it’s a quarter-million dollars.

Contractors and freelancers are not putting adequate planning into their post-work years.

Retirees on Social Security can expect the government to garnish a portion of their benefits if they fail to make student loan payments.

Many workers think hey are not allowed to contribute to a 401(k), a traditional IRA and a Roth IRA in the same year, which is untrue.

Retirees on Social Security can expect the government to garnish a portion of their benefits if they fail to make student loan payments.

A new report calls the plans a win-win by enhancing savings for workers while reducing money spent on public safety-net programs.

Plan participants should know how to roll-over their 401(k), says Retirement Clearinghouse’s Spencer Williams.

Clients should consider moving to a state that does not tax ordinary income, Social Security benefits or pension payouts.