There are thousands of ways to claim Social Security — here are three
Waiting until your 70th birthday is the much-discussed strategy to maximize benefits. But in some circumstances, you won't miss out if you file earlier.
Tax strategies
Are you a gambler, speculator, investor or risk manager?
Clients approaching or already in retirement should be a risk manager who focuses on risk tolerance.
IRS allows student loan repayment benefits within 401(k) plans
Even though the program was created by a large multinational corporation, companies of all sizes could utilize this approach.
How to tap retirement savings without getting hit with a penalty
IRS rules allow clients in certain circumstances to tap their retirement accounts before the age of 59 1/2 without a 10% penalty. But this still should be considered a last resort, an expert says.
The 4% retirement rule is just a starting point
The guideline used a specific set of assumptions: a retirement lasting 30 years with savings in a tax-deferred account and nothing left for heirs. Change just one and your “safe” withdrawal rate may differ.
Retiree tax tip: Tally taxes on Social Security
Retirees will owe taxes for up to 85% of their Social Security benefits if their adjusted gross income plus nontaxable interest exceed a certain threshold.
Myth: Life insurance is not taxable
While proceeds from life insurance are not subject to income tax, there are other taxes that will apply. But there are steps to take to avoid those liabilities too.
Will single boomers move to senior housing?
Many single baby boomers opt to stay put in retirement because they have no children who would advise them to move to an assisted living or continuous care community.
New retirees: Don’t overlook this tax-planning sweet spot
Seniors are likely to be in a lower tax bracket in the few years after retirement, creating a "sweet spot" for them to convert some of their traditional 401(k) or traditional IRA assets into a Roth account.
The best way to save for retirement may be to not think about it
Recent studies suggest that although many Americans have boosted their retirement savings, many people remain worried about their future prospects
This is the single best way divorced women can secure a successful retirement
Divorced women are more financially prepared for retirement than their single, never-married counterparts because they are more likely to secure their marital home after the separation.
The stealth pension mortgage on your house
States with unfunded public employee retirement obligations will have to rely on real estate property as their ultimate collateral to deal with the risk.
How workers can build a dividend portfolio
Dividend income is taxed lower than interest yields. And for the federal taxes that apply, clients can take steps to minimize those as well.
2 strategies to simplify taxes in retirement
Instead of making quarterly tax payments, retirees have the option of having the payments withheld from their Social Security and pension benefits.
Most Americans plan to own homes in retirement, but that might be a mistake
Owning a home offers some benefits, such as the option for a reverse mortgage and certain tax breaks, but are they enough to offset the burdens involved.
From owner to employee: Preparing for life after the deal
As mergers and acquisition of employee benefit brokerages continue at a strong pace, agency owners face a tough decision: retire or adapt.
Baby boomers are ready to retire; their debt isn’t
Debt among 65-year-olds has increased by 48% between 2003 and 2015, according to research by the Federal Reserve Bank of New York.
Retiree do’s and don’ts in a rising-rate environment
After the Fed raised rates, many market participants with fixed-income-heavy investment mixes are wondering what a period of rising interest rates could mean for their portfolios.
401(k) investors: Why boring municipal bonds are exciting for investors
Municipal bonds can be a more lucrative option for some retirement savers than comparable, higher-yielding bonds.
