Social Security

The new tax law has extended the grace period for outstanding 401(k) loans made by workers who switch jobs, luring more participants to borrow from their accounts, exposing them to greater risk.

Taxation of retirement plan distributions and Social Security benefits remains unchanged under the new tax law, but retirees are likely to see an increase in after-tax income.

Raising the payroll tax is the easy way (in theory); here are other solutions for funding the Social Security shortfall.

Working longer and delaying Social Security could result in a bigger retirement benefit.

Retirees are advised to step back to get a better perspective and then review their asset allocation in their portfolio.

As long as their earnings won't exceed the limit set by the Social Security Administration, they will not lose their benefits.

Even if those assets are used to pay for nonmedical expenses, an HSA can still be ahead of a 401(k) plan or an IRA.

Employees have a hundred—if not a thousand—possible options to consider when claiming Social Security benefits.

Retirees who consider taking withdrawals from their 401(k) and other similar plans should account for the tax impact before making a decision.

Retirees living overseas can still claim Social Security benefits, but they must see if their country of residence requires them to have a local bank account.

Employees should consider that state laws may differ on who may be legally recognized as a beneficiary's spouse and thus whether their partner would be entitled to spousal benefits.

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.

With many private and public pensions in the red, employees are advised to look for options that will improve their prospects, such Roth IRAs.

IRA investors can draw funds from their accounts tax-free if the money will be used to fund college tuition and other related costs.

Adding five years to working years will enable workers to replace their pre-retirement income by up to 90% instead of 60% in some cases,

Employees looking to launch a business should consider collecting their retirement benefits early.

Retirees will have to alter the way they file taxes under the new tax law, including making two years' worth of charitable donations every other year to exceed the standard deduction and itemize.

Employees who prefer a simple retirement investing strategy should consider a dividend stock index fund.

Retirees should stick to their strategies and diversify their portfolios with various sources of income.

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.