Tax planning

Contrary to what many people think, Social Security will continue to pay benefit payouts to future retirees even after the program exhausts its trust funds by 2034, says expert.

A portion of retirees’ Social Security benefits may be taxed at the federal level if their combined income exceeds a certain limit.

The new tax law has nearly doubled the standard deduction and limits the deduction for state and local taxes, making it less likely for taxpayers to itemize their deductions.

About 4.3 million of the 18 million workers in the 55-64 age bracket are likely to live in poverty once they reach 65, according to a study.

If retirees intend to rely heavily on Social Security for income, they should consider adjusting the timing of their bills to the date that they will receive their benefits.

The differences generally come down to investor eligibility and when taxes are paid, but that can have a significant impact.

Employees have to change their retirement goals and strategies over the years, starting off heavily in stock allocation while in their 30s.

Even if an employee does not use the triple-tax-advantage of these accounts, the benefits are still valuable.

An employee's long life could be the death of their retirement savings.

A Roth IRA is a good savings vehicle for workers who expect to move to a higher tax bracket in retirement.