IRAs

Those who fail to meet the cutoff face a penalty equivalent to 50% of their required minimum distribution.

Dental expenses can eat away a considerable amount of retirees’ savings, but these costs are important to prevent health complications and other medical expenses.

There are a lot of options — and potential missteps.

The tax law has made deducting philanthropic contributions more difficult, but there are ways to help clients reap benefits from their generosity.

The Trump administration unveiled its proposed budget that includes provisions that would enable Medicare beneficiaries to contribute to a health savings account.

For many workers, moving assets from old 401(k)s into a traditional IRA may not be a smart move. One reason: IRAs often don’t offer stable value or guaranteed fund investment options as do most 401(k)s.

Some clients may experience a taxable event that pushes them into a higher tax bracket.

Although the test is complicated and misunderstood, eliminating it could “do more harm than good,” according to an expert.

Clients can avoid tax liability on their capital gains by donating securities that have appreciated in value, an expert says.

No client wants to pay up. But, some could benefit from more tax exposure in retirement than actual spending.

Lawmakers and policymakers should make retirement savings plans universally available if they want to help Americans secure their golden years.

Seniors are more likely to opt for the standard deduction, which increased under the new tax law, but those who want to maximize their deductions have several considerations.

A recent ruling by the U.S. Labor Department could open the door for automatic 401(k) transfers between employers, which means fewer workers will be tempted to cash out.

Millennials lag behind in terms of credit card debt and retirement savings, but they spend the most on vacation, dining out and other unnecessary expenses, according to a new study.

The impact of the 35-day partial government shutdown could delay the process this year.

The latest funding round puts Acorns, led by CEO Noah Kerner, at a reported valuation of $860 million.

Compared to lower earners, clients with moderate and higher incomes will owe more taxes on the distributions from tax-deferred accounts after they retire.

Although income that is taxable is likely to increase for families with two children, their final bills will be smaller.

Federal employees who retire during the partial government shutdown would have to wait a longer time to take retirement distributions from their savings plans.

Seniors are advised to take measures to prepare for a possible shortfall in retirement income, as there is no guarantee for an immediate fix to the problem.