Many people take Social Security early and put off tapping into their IRAs and 401(k)s until they must. But that's the opposite of what most should do, because waiting until 70 to take benefits can pay off in more ways than one.
Individual retirement accounts have been the ugly duckling of investments. More than 42 million households count on IRA's to help fund their retirement. IRAs started off simple in 1974, but like our tax code have grown more complex.
Perhaps you’ve taken stock of your retirement nest egg and found it a bit wanting. Uncle Sam wants to add a little extra rocket fuel to your retirement savings efforts. If you are 50 or older, you can take advantage of “catch-up” provisions in the tax code that allow you to contribute more to your
The Tax Cuts and Jobs Act preserved or even beefed up many tax breaks available through workplace benefits programs. Here's how to make the most of those benefits.
Too many women let husbands make the long-term financial decisions, leaving them vulnerable when separation or death strikes.
The funding deficit for U.S. state public pension systems rose to a record-high $1.4 trillion in fiscal 2016, a nearly $300 billion increase from fiscal 2015, according to a Pew Charitable Trusts report released on Thursday. The public worker retirement funds reported only $2.6 trillion in assets
As much as 85% of your Social Security benefits could be taxable if you have other sources of income, such as earnings from work or withdrawals from tax-deferred retirement accounts.
Americans aren't terrific at saving for retirement. Many are even worse when it comes to figuring out how much to spend once they get there. An actuary who's studied the issue for three decades recently ...
Many companies offer a 401(k) match to employees who save for retirement, but it's not always easy to qualify for the match and take it with you when you leave the job. There might be waiting periods before you are eligible for a 401(k) match and vesting schedules that prevent you from keeping the
The new tax law rewards retirees and others running side gigs and small businesses with a 20% tax deduction on qualified business income.
EMPLOYEE RETIREMENT PLAN DEADLINE Small business owners who are considering starting retirement plans for their employees have a chance to save on their 2017 taxes. If they want to set up the least complex ...
Usually, you can wait until April 1 to take your first RMD. But the deadline falls on a holiday weekend this year, so you'll need to act sooner.
New York is among a growing number of states considering legislation to create government-sponsored payroll-deduction retirement programs for small businesses, which financial planners say could be a relatively ...
Those nearing retirement and those who have recently become retirees need to plan now for the possibility of a bear market. Here are two ways to do that, including one that goes against conventional wisdom.
Nothing worth doing is ever easy, and so it goes with Social Security. When the time comes to file for your benefits, be prepared. Here are the nuts and bolts of the application process.
Social Security is underpaying widows and widowers - sometimes by large amounts. In cases where widows are eligible to claim their own retirement benefits or those of a deceased spouse, the agency often fails to inform of options that would increase their payments. The OIG reviewed cases of so-called