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Workers can use Roth IRAs, 529 plans and — yes — life insurance to give their children a head start.
July 11 -
There are still several moves that clients can make to reduce their 2018 tax bill.
April 2 -
To qualify for this feature, clients should have reported a minimum amount for at least 11 years.
March 6 -
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.
February 28 -
Retirement plans may decline to offer delayed RMDs, plan loans, stretch and hardship distributions and a host of other legally sanctioned tax maneuvers.
February 27 -
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.
February 6 -
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.
February 4 -
One of the major provisions of proposed legislation would require 401(k) plans to offer annuities so participants could create new income streams.
December 20 -
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.
December 18 -
Workers should urge their employers to offer this savings option in their 401(k) plans to save for emergency and unforeseen expenses.
December 7