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Retirees tapping their long-term savings accounts for income in an emergency are advised to strongly consider reducing their withdrawal rates.
March 16 -
While younger clients may be putting away more money than Gen Xers and baby boomers, they’re not better prepared for retirement compared with their older counterparts, experts say.
March 13 -
While some retirees have seen a substantial increase in spending, many others are enjoying financial freedom.
March 10 -
Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.
March 4 -
Seniors choosing between traditional and Roth IRAs must account for their current and future tax rates.
February 20 -
A Roth conversion “not only to minimize heirs’ tax burden but also to sustain the growth of [their] retirement savings."
February 13 -
Retirees can reverse their claiming decision, but not without considering one important caveat.
February 10 -
After developing a plan to cover their bills and emergency expenses, clients in a new marriage are advised to start working on their long-term goals.
January 29 -
Seniors can claim tax deductions for payments made on their homes, allowing them to reduce their tax burden when they retire.
January 13 -
For starters, wage income earned by those working past their full retirement age can boost tax bills and medical insurance costs.
January 6