Retirement benefits

New legislation that aims to give workers greater opportunities to save may put the kibosh on a strategy for passing large individual retirement accounts to heirs.

Retirees who use a smaller withdrawal rate may amass significant excess wealth. That can mean trouble for advisors.

Advisors who once oversaw portfolios for clients anxious to save a dollar now work more frequently with investors saving to see the world.

Clients who owe the IRS should pay their taxes by April 15 even if they have already secured an extension.

If spending $5 a day on fancy coffee puts your retirement at risk, you’ve got bigger problems.

The bill has bipartisan support in the House and Senate.

There are still several moves that clients can make to reduce their 2018 tax bill.

Errors are regrettably common. They are also easily avoidable.

Those who fail to meet the cutoff face a penalty equivalent to 50% of their required minimum distribution.

As an alternative to placing restrictions on lump sum withdrawals, clients could provide retirees more distribution flexibility.

A higher standard deduction makes itemizing deductions less valuable.

Only about 20% of Americans know the amount of contributions they can make to their 401(k) plan, according to a new study from TD Ameritrade.

Dental expenses can eat away a considerable amount of retirees’ savings, but these costs are important to prevent health complications and other medical expenses.

There are a lot of options — and potential missteps.

The tax law has made deducting philanthropic contributions more difficult, but there are ways to help clients reap benefits from their generosity.

Heavily weighting any single stock has the potential to make a portfolio more volatile.

The Trump administration unveiled its proposed budget that includes provisions that would enable Medicare beneficiaries to contribute to a health savings account.

Seniors will face a 20% penalty on top of income taxes if they withdraw funds from a health savings account for non-medical expenses before the age of 65.

Not having a full understanding could hurt workers’ retirement prospects by causing them to possibly miss out on their employer’s match or not reducing their taxable income as much as possible.

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