Your 401(k) Is Maxed Out: Now What?
A 401(k) plan is an attractive employee benefit, allowing you to set aside substantial savings for retirement on a tax-deferred basis. And if your employer offers matching contributions, the benefits […]
Smart Financial Planning is a Necessity for Unmarried Couples
As more U.S. adults are delaying marriage (or forgoing it altogether) the share who are living with an unmarried partner has been on the rise. When it comes to financial […]
6 Ways to Address Future Health Care Costs
How much money will you need to set aside to cover your out-of-pocket health care costs in retirement? Probably more than you think. According to a recent report by Fidelity […]
Seniors: Smart Ways to Avoid Scammers’ Tricks
Perhaps because they know seniors remember a time when technologies were simpler, criminals increasingly prey upon them. But with age comes wisdom, and many older people are fast to remind […]
How to Trim Your 2024 Taxes by Contributing to a Retirement Plan in 2025
Many types of retirement plans allow contributions to be made after year end. And last-minute retirement contributions can be a powerful strategy: You can lower your 2024 taxes while simultaneously […]
Tread Carefully with Early Retirement Plan Withdrawals
Tax-deferred retirement plans, such as traditional 401(k)s and IRAs, were designed to make building up a retirement nest egg easier. So they’re structured with both carrots (tax-deferred compounding in the […]
Some Retirement Plan Benefits Will Increase for 2025
With the 2025 tax year almost here, there’s news from the IRS about retirement savings. According to a recent announcement from the tax agency (Notice 2024-80), there will be increases […]
Elder Scams: Don’t Take the Bait
Today, virtually everyone is vulnerable to fraud schemes, from teenagers searching social media to middle-aged people making online purchases and senior citizens caught up in Ponzi schemes. But financial exploitation […]
Have You Considered a Backdoor Roth IRA Conversion?
Traditional IRAs are a well-known, tax-deferred retirement saving vehicle. But they come with a major downside: You’re taxed on withdrawals. Roth IRAs eliminate this downside. You can take federal-income-tax-free qualified […]
IRS Issues New Final Regs on RMDs
The IRS has just released final regulations on required minimum distributions (RMDs) from qualified plans and traditional IRAs. The much-anticipated final regs provide guidance on tax law changes made by […]
