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The legislation nullifies a strategy that previously allowed heirs to stretch an inherited account's tax-deferred growth based on their life expectancy.
June 11
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Depression can be a big risk for seniors as they transition to retirement.
June 7
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The legislation includes a provision that would raise the age limit for making contributions and taking required minimum distributions.
June 6
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Retirees should live a frugal, flexible lifestyle and consider buying insurance to cover big ticket items.
June 5
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"Part of the conversation should be exploring how your client uses the health-care system," says a CFP.
May 30
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As much as 46% believe Medicare will cover the costs of long-term care.
May 23
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The number of recipients has increased as the baby boomer generation reaches retirement age.
May 23
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Clients who consider contributing to their health savings accounts past their full retirement age are advised to rethink their plan.
May 17
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Seniors in this position may face a tax bill and possibly a penalty if they dip into their 401(k) prematurely, says an expert.
May 10
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The misconceptions about Social Security are alarming. says an expert. The number of people relying on the program to be their main source of income "is scary."
May 8
