What employees need to know before opening a Roth IRA for their children
Parents should ensure that their child has earned an income adequate enough to be able to open an account, among other requirements.
Roth IRAs
Do workers need a do-over on your Roth conversion?
Employees who converted traditional IRA assets into Roth last year can still undo the conversion this year if they are going to pay more in taxes than what they were supposed to gain
Retirement may be hazardous to employee health
A study suggests seniors tend to be healthier and live longer if they continue working past the retirement age, rather than leaving the labor force for good.
Will working longer increase workers’ Social Security benefits?
Working longer and delaying Social Security could result in a bigger retirement benefit.
Where to hide from market volatility if workers are about to retire
Investors are advised to liquidate some assets or transfer them to certificates of deposit and money market funds.
Do target-date funds make sense for employees?
While the funds are ideal for certain people, they don't address important retirement considerations, such as the cost of funding a comfortable living and a person’s savings rate.
5 key differences between Roth and traditional IRAs
Not knowing the differences between a traditional IRA and a Roth IRA could be costly for retirement savers.
Health savings account vs. 401(k), which is better for savers?
Tax-free withdrawals could outweigh an employer's match if early withdrawals are made for expenses like healthcare.
3 top index funds for an employees’ IRA
Workers may want to opt for a fund that follows small companies as they will benefit from a lower corporate tax rate under the new tax law.
What makes the U.S. retirement system a bad example
A pension expert from the Netherlands says that the U.S. retirement system sets a bad example in securing the golden years of its workforce.
Breaking down retirement provisions in the tax reform bill
Employers are relieved that plans are left unscathed, but insiders are still keeping a sharp eye on the impact of deduction for pass-through entities.
4 retirement moves for employees
With the right steps, workers can reduce their tax liability, as well as new sources of retirement income with different tax treatments,
One mistake seniors can’t afford to make
Retirees should ensure that they take their first required minimum distribution from their tax-deferred retirement account in the year they reach 70 1/2 or face a 50% penalty.
This GOP tax plan provision could be ‘catastrophic’ for seniors
The tax plan would make itemized deductions less valuable so some retirees would lose a deduction that covers payments for nursing homes, assisted living or inpatient hospital care.
Roth 401(k) plans not fully appreciated by many workers
The Roth 401(k) is more flexible than a Roth IRA, and it is funded with after-tax dollars, which can help "diffuse the potential tax bomb."
Roth 401(k) plans not fully appreciated by many clients
The Roth 401(k) is more flexible than a Roth IRA, and it is funded with after-tax dollars, which can help "diffuse the potential tax bomb."
Preparing employees for a stock market downdraft
Workers should consider the next market downturn as an opportunity to invest in stocks that are "on sale."
What if the retirement crisis has been exaggerated?
Most retirees said they adapted to their situation of having limited retirement income and they have had few regrets, according to a survey.
What if the retirement crisis has been exaggerated?
Most retirees said they adapted to their situation of having limited retirement income and they have had few regrets.
The big decision in retirement: Rent or buy
Owning a home can bring tax benefits, as well as equity that can be used to create an income stream, but in some cases a rental can be a better deal for retirees.
