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“The advice I give is to calculate the financial impact for each option,” an expert says.
February 21
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Seniors choosing between traditional and Roth IRAs must account for their current and future tax rates.
February 20
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The Social Security retirement rate is based on their highest 35 years of wage-indexed earnings.
February 19
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The spike in the number of older employees in the workplace reflects a trend over the past decade.
February 18
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Pre-retirees may consider funding a Roth account to take advantage of tax-free compounding and tax-exempt withdrawals in retirement, an expert writes.
February 14
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A Roth conversion “not only to minimize heirs’ tax burden but also to sustain the growth of [their] retirement savings."
February 13
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The sweeping retirement legislation, called the Secure Act, is gaining plenty of headlines. One revision is being overlooked.
February 13
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OneDigital’s acquisition of Resources Investment Advisors shows a convergence between two major spaces within financial services.
February 13
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Taking advantage of catch-up contributions is one of several methods that can help them get back on track.
February 12
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The HSA has become increasingly valuable for future medical expenses, "and the triple tax benefit simply can’t be ignored,” an expert says.
February 11
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They are advised to consider making amendments if they want to take advantage of temporary tax provisions that Congress extended retroactively in December.
February 11
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Retirees can reverse their claiming decision, but not without considering one important caveat.
February 10
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Seniors may consider working longer or relocating somewhere where their benefits are not subject to state taxes.
February 7
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Pre-retirees are encouraged to save aggressively and create a list of things they plan to spend their money on without remorse, an expert says.
February 6
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Entrepreneur Abraham Okusanya explains in the latest episode of Financial Planning’s new In|Vest Podcast how he’s trying to help firms and planners tackle retirement distribution.
February 6
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Advisors can protect clients’ estate planning goals post-Secure Act but the vehicle will have to change.
February 6
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Clients can void overspending by seeking out sales and discounts to lower their food and entertainment costs.
February 5
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While it’s recommended they have at least three sources when they retire, just 6.8% of savers have done so, according to a report.
February 4
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While they don't need a child to claim the earned income tax credit, the benefit's value increases based on the number of kids clients have.
February 4
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"Since no one has a crystal ball to predict what will happen, I advise saving money on both sides of the tax fence," an expert says.
February 3
