How to guarantee workers an 8% return
The most important consideration is that employees are able to complete the 35-year work period because benefits are based on the 35 highest-paid years from their careers.
Roth 401(k)
401(k) rollovers: How to avoid costly mistakes
Make sure workers understand that a 401(k) rollover could trigger a hefty tax bill, and that liquidating assets before the age of 59 1/2 could mean a hefty penalty.
401(k) rollovers: How to avoid costly mistakes
Make sure clients understand that a 401(k) rollover could trigger a hefty tax bill, and that liquidating assets before the age of 59 1/2 could mean a hefty penalty.
Benefits Think Do Roth 401(k)s have the edge over pre-tax 401(k)s?
Employees will have more money in retirement if they contribute to the right savings account.
Robert C. Lawton
Lawton Retirement Plan Consultants
Is it OK for employees to raid a 401(k)?
Tapping a 401(k) isn’t good idea, so it would need to be the lesser of two or more evils. And they “would have to be pretty evil evils," says an expert.
This may be the biggest financial mistake millennials are making
Millennials change jobs more than older generations, but thinking about the future is not a huge priority.
This may be the biggest financial mistake millennials are making
Millennials change jobs more than older generations, but thinking about the future is not a huge priority.
Older workers may have to postpone retirement under GOP plan
The new Republican bill slated to replace the Affordable Care Act could result in a significant increase in health insurance premiums for older workers.
Older Americans may have to postpone retirement under GOP plan
The new Republican bill slated to replace the Affordable Care Act could result in a significant increase in health insurance premiums for older workers.
College loans are making it hard for parents to retire
Nearly 2 million Americans aged 50 to 64 had Parent Plus loans last year, and 200,000 retirees aged 65 and older carrying the same type of loans.
College loans are making it hard for parents to retire
Nearly 2 million Americans aged 50 to 64 had Parent Plus loans last year, and 200,000 retirees aged 65 and older carrying the same type of loans.
How workers over 65 should deduct medical expenses
The standard deduction is the best tax strategy for many seniors, but if they had significant health care costs last year, itemizing could save them some money.
How clients over 65 should deduct medical expenses
The standard deduction is the best tax strategy for many seniors, but if they had significant health care costs last year, itemizing could save them some money.
6 myths about IRAs employees can’t afford to believe
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.
6 myths about IRAs that clients can’t afford to believe
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.
Why clients should file for Social Security benefits before 67
Here's why filing for Social Security benefits at the wrong time may mean a less fulfilling retirement.
Why clients should file for Social Security benefits before 67: Retirement Scan
Here's why filing for Social Security benefits at the wrong time may mean a less fulfilling retirement.
Why employees should max out HSA before a 401(k): Retirement Scan
The tax benefits of an HSA make those plans a better option to max out first, although contributing just enough to a company plan to get any matching funds should be first.
Why clients should max out HSA before a 401(k)
The tax benefits of an HSA make those plans a better option to max out first, although contributing just enough to a company plan to get any matching funds should be first.
Election jitters have employees seeking stable 401(k) investments
The average 401(k) balance gained for the second quarter in a row, inching up 2%, to $90,600. That amount is a 7% jump from 2015's third quarter and up from an average of $64,300 five years ago.
