Why traditional retirement planning isn’t going to cut it
An employee's long life could be the death of their retirement savings.
Tax
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.
New pass-through tax break for retirement Income
People looking to retire but wanting to keep a part-time gig will benefit from a new law that gives a 20% deduction for “pass-through entities.”
4 things workers should consider when retiring before a spouse
Employees should look into filing for Social Security as soon as they retire to generate extra income and allow their spouse to delay and grow their retirement benefit.
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.
How workers can take advantage of the new tax bracket sweet spots
Employees may expect a lower tax liability because of the new rates under the new tax law, especially those who were in the 25% bracket under the old law.
Can workers get tax-free funds from IRAs and 401(k)s?
Employees should consider limiting their traditional 401(k) savings, as the plans provide taxable distributions that can boost their tax bill in retirement
The new tax law: retiree tax issues
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.
Cash balance plans can help small employers take advantage of tax reform
Industry insiders say smaller firms can benefit from deductions while still maintaining workplace retirement plans.
Look to small-cap dividend payers in retirement
Workers who are looking for new investments may want to invest in small-cap dividend payers,
Cash balance plans can help small employers take advantage of tax reform
Industry insiders say smaller firms can benefit from deductions while still maintaining workplace retirement plans.
CVS Health extends benefits amid tax reform
The drugstore retailer will absorb employee premium increases for the upcoming fiscal year and create a paid parental leave program.
Will going back to work end workers’ Social Security benefits?
As long as their earnings won't exceed the limit set by the Social Security Administration, they will not lose their benefits.
Benefits Think With the new tax law, employers should expect changes to their benefit plans
These alterations can involve adjustments to the individual plan benefits, plan eligibility and new state and federal laws.
Paul Woodard
Butterfield Schechter LLP.
5 things workers should consider before tapping retirement accounts
Retirees who consider taking withdrawals from their 401(k) and other similar plans should account for the tax impact before making a decision.
New tax law fuels changes to benefits and compensation programs
Almost half of employers surveyed by Willis Towers Watson already have or plan to make changes by the end of 2018 or into 2019.
Home Depot to dole out $1,000 bonuses to workers after tax cut
Home Depot is joining the parade of companies offering perks to U.S. employees after the federal tax overhaul.
Disney to give employees $1,000 bonus in wake of tax reform
Entertainment company also plans to put $50 million into a fund to help hourly employees with tuition costs and plans to provide as much as $25 million annually for that purpose afterward.
Breaking down tax reform changes to transportation benefits
The Tax Cuts and Jobs Act removed employer deductions for most commuting expenses, including for tax-exempt companies.
Should employees invest part of a bonus in their 401(k)?
Workers have an option to stash their bonus in their 401(k), but doing it may not be a good idea.
