Retirement benefits

The Pension Benefit Guaranty Corp. is facing a $54 billion deficit for insuring multiemployer plans in unionized industries, says the GAO report.

The worst thing you can do during a stock market crash is panic and sell your stocks near the market bottom.

To qualify for this feature, clients should have reported a minimum amount for at least 11 years.

Those who fail to repay their loans on time may face early withdrawal penalties.

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.

The government needs to improve cost-of-living adjustments to ensure that retirees can cope with inflation, says an expert.

If the client makes a mistake, they are advised to take the RMD as soon as they discover it so they can ask the IRS for a waiver of the penalty.

The transparency of a fee charged to other fund firms for use of the platform is allegedly questioned.

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.