Baby boomers and millennials have more in common than they think
Workers from both generations share similarities — and financial pressures — when planning for retirement, writes an expert.
Roth IRAs
Benefits Think IRA spousal contributions can mitigate high cost of women’s work breaks in retirement plans
The gender gap is alive and well when it comes to career timeouts and savings often take the hit.
Barbara Van Zomeren
Ascensus
Retiring early with kids may be harder than employees think
Chances are high that one or both parents who have left the workforce ahead of their full retirement age are still working out of necessity.
Mistakes retirees should avoid before a market correction
If they fear a sharp downturn, seniors may want to avoid locking up their retirement accounts in long-term bonds.
How employees can negotiate a ‘phased retirement’
Seniors who negotiate for such an arrangement should consider their finances, flexibility and mutual benefits.
Bill could jeopardize savings accounts for clients with Medicare
Withdrawals for non-medical expenses would no longer be penalty-free under the proposal.
Retirees are facing a bigger risk than market volatility
Employees have to increase their risk exposure to ensure they don’t outlive their savings.
Strategies for employees buying a retirement dream home
The property should allow them to live close to their loved ones and fit their financial plan, according to a CFP.
These Social Security myths could harm employees’ retirement accounts
Careful planning can help prevent workers from shrinking their benefits based on misperceptions.
Proposed law could change rules for IRA withdrawals
The legislation includes a provision that would raise the age limit for making contributions and taking required minimum distributions.
Nearly half of baby boomers make this pricey mistake
As much as 46% believe Medicare will cover the costs of long-term care.
Why volatility shouldn’t scare you — even close to retirement
A market correction only becomes a real risk if investors act and make buy or sell decisions to alleviate mental anguish today at the expense of tomorrow, says an expert.
Medicare B costs for clients projected to rise
“Healthcare prices are increasing at levels that significantly exceed overall inflation,” an expert warns.
Why employees should reconsider early retirement
Unfortunately, physical and cognitive decline are among potential side-effects.
One reason lawmakers are hesitant to fix Social Security: Millennials
A proposal to increase payroll taxes is facing opposition from some lawmakers who believe millennial workers cannot afford to bear the brunt of higher payroll taxes.
Should clients use a Roth IRA for college expenses?
Grandchildren won't be able to have their own accounts until they are earning their own income, but they can be named beneficiaries.
How your kids can ruin your retirement — and how to avoid it
Parents should have a smart plan on how to help their adult children returning to their home without putting their own retirement at risk.
Nearly two-thirds of Americans are confused about this simple way to save for retirement
Not having a full understanding could hurt workers’ retirement prospects by causing them to possibly miss out on their employer’s match or not reducing their taxable income as much as possible.
Protect retirement savings against market crashes
The worst thing investors can do is panic and sell.
Caring for kids and elders, middle-aged Americans fall short on retirement savings
The sandwich generation is struggling to save for its own needs, and when you add in family demands, it paints a "grim picture," an expert says.
