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They are advised to take the mandatory distribution days before the deadline to ensure that they get their withdrawal processed in time.
December 21 -
Millennials should start setting money aside early and consistently, but without depriving themselves.
December 20 -
One of the major provisions of proposed legislation would require 401(k) plans to offer annuities so participants could create new income streams.
December 19 -
The average woman will work 12 fewer years than a man, according to one expert. There’s a “slew of issues” around this topic.
December 18 -
Despite Social Security's financial woes, the revenue shortfall can be easily fixed, say experts at Boston College Center for Retirement Research. But it will only go so far in paying for living expenses.
December 17 -
Building income streams that mimic the predictability of a working lifestyle is a delicate skill.
December 17 -
Seniors should not only have a financial plan in place, but activities to keep them preoccupied.
December 13 -
Some people have a hard time getting their one-time pass code to log on to their My Social Security account.
December 7 -
Workers should urge their employers to offer this savings option in their 401(k) plans to save for emergency and unforeseen expenses.
December 6 -
The program could see benefit cuts and undergo significant changes in the future, and this poses a problem for seniors who depend on it for their main source of retirement income.
December 5