Retirement

A shocking employee survey prompted real estate firm Bell Partners to make a change. Incentives and robust communication strategies made the program a success.

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.

Companies should consider offering older workers the option of taking a phased retirement to enable them to transition to the golden years.

Workers should consider contributing the maximum amount to their 401(k)s, whose contribution limits have increased for this year.

Seniors who intend to get a Medigap policy to supplement their traditional Medicare coverage may have trouble getting one.

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.

Maryland and New Jersey are among the least-appealing places for employees to spend their post-work years in 2019, due in part to affordability, health-related factors and overall quality of life.

The stock market typically recovers from bear markets in far less time than most doom-and-gloomers think, says an expert.