Retirees share 6 secrets to financial well-being
Many seniors who succeeded in retirement set their sights on becoming millionaires while they were young.
Roth IRAs
With lower taxes, consider a Roth conversion to make the most of lower rates
The new tax law lowers the tax rates for many investors, allowing clients to enhance tax savings on the converted amount.
When end-of-life planning is suddenly closer than you thought
Employees who intend to leave a legacy to their loved ones should consider using a Roth IRA.
One big retirement lie and what workers need to know about it
Socking away all retirement savings in traditional 401(k) and IRA accounts may no longer be wise.
Why didn’t many retirees see a Social Security increase?
Although the cost of living adjustment increased 2% this year, half of retirees cannot expect a substantial increase in their benefits.
Benefits Think Converting to a Roth IRA: When does it make sense and what are the benefits?
When planning for retirement, it is important for workers to think in terms of their source of income in retirement, but which retirement vehicle offers the best perk?
Razi Hecht
Bronfman E.L. Rothschild
Public pensions need to consider that beneficiaries are living longer
“Public pension plans continue to bury their heads in the sand living in a time warp of decades-old actuarial assumptions,” says a former Connecticut state treasurer.
Should workers pay off student debt before saving for retirement?
We have multiple goals in life and should be able to handle short-term debts and long-term goals without sacrificing one for the other, says one expert.
How to defuse your client’s tax time bomb
To avoid a hefty tax bill when taking withdrawals from retirement accounts, clients should consider holding their assets in three "tax buckets.”
Get your employee’s retirement portfolio in fighting shape
Workers who want to make their retirement portfolio resilient to market volatility should veer away from core stock and bond holdings.
Just how valuable are the tax advantages of retirement accounts?
Historical simulations show that the value of investing in these accounts is getting an average of 1.7% in additional earnings.
Retirees: Stop paying attention to the markets
Short-term returns are mostly noise, which, by definition, largely cancels itself out over time
Retirees: Stop paying attention to the markets
Short-term returns are mostly noise, which, by definition, largely cancels itself out over time
Here’s how the timing of Social Security could ruin employees’ finances
If retirees intend to rely heavily on Social Security for income, they should consider adjusting the timing of their bills to the date that they will receive their benefits.
How to claim Social Security benefits wisely
Clients should determine the benefits they would receive if they file at age 62, at full retirement age, and after their full retirement age.
How to protect a retirement plan in a down market
Elderly workers should make sure they have enough fixed-income in their retirement portfolios to spin off cash to cover the gap between income and expenses until the market recovers.
A little-known 401(k) trick can open the floodgates to Roth IRA savings
A Roth IRA is a good savings vehicle for workers who expect to move to a higher tax bracket in retirement.
How much will procrastinating on retirement savings cost employees
Workers aged 35 have to set aside 11.69% of their pay to keep up with those in their 20s socking away only 6% of their salary.
It pays to take RMDs early in the year
Sometimes the strategy can eliminate a domino effect of other expensive tax problems down the road, Ed Slott writes.
