Why aren’t more employees making 401(k) contributions?
Many pin the blame on stagnant or dwindling income, according to a new survey.
Tax
How gig economy workers can save for retirement
Those with 1099 income have several tax-advantaged options.
A different take on taxes for employees planning to retire early
“They’re looking at their future and saying, ‘If I pay taxes today, I could potentially have more tomorrow,’ ” one expert says.
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.
Steps employees should take before contributing to a 529 plan
Funding a 401(k), 403(b) or company-sponsored retirement savings vehicle should come first, an expert says.
The tax break retirees might not know about
Some seniors are missing out on a potential 20% tax deduction, and “no one is talking about what a wonderful retirement planning technique" it is, says an expert.
What to do if you have to retire early
Seniors in this position may face a tax bill and possibly a penalty if they dip into their 401(k) prematurely, says an expert.
Should my wife file for Social Security retirement benefits now or delay till 70?
A 67-year-old wife collecting spousal benefits will be better off waiting until 70 before shifting to her own retirement benefit if she remains healthy, according to this Q&A article.
Social Security isn’t America’s only public retirement crisis
Cuts in Medicaid could prove disastrous for low-income retirees who rely on the program for nursing home care, experts say.
Medicare B costs for clients projected to rise
“Healthcare prices are increasing at levels that significantly exceed overall inflation,” an expert warns.
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.
Congress may gut the ‘stretch IRA’ that wealthy people love
New legislation that aims to give workers greater opportunities to save may put the kibosh on a strategy for passing large individual retirement accounts to heirs.
It’s not too late to boost retirement savings for 2018
There are still several moves that clients can make to reduce their 2018 tax bill.
How technology is reshaping the way Americans prepare for retirement
New innovations increase participation by making it easier to save and invest for retirement, an expert says.
7 ways employers can defuse tax season stress
Submitting taxes can be stressful. Here are tips to help companies best prepare.
New family leave proposal would require you to delay Social Security benefits
The U.S. is one of the few countries that doesn’t have paid family leave, and it can cause families hardship around the time of a birth, says an expert.
Trump’s budget could open up this tax-free savings account to people on Medicare
The Trump administration unveiled its proposed budget that includes provisions that would enable Medicare beneficiaries to contribute to a health savings account.
Retirement benefits for millions may be slashed without pension agency reforms, warns GAO
The Pension Benefit Guaranty Corp. is facing a $54 billion deficit for insuring multiemployer plans in unionized industries, says the GAO report.
How to help clients this tax season
Submitting taxes can be a stressful time for employers and employees. Here’s how advisers can help them make sure they are prepared this year.