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A bipartisan bill calls for an increase in full retirement age two months every year between 2022 and 2034 and indexing normal retirement age to life expectancy.
April 11 -
They can direct the payments to fund life insurance that they can use for estate taxes, charitable gifts and leave as a legacy for their loved ones.
April 10 -
Retirement looks bleak for many Americans and the Trump administration does not seem to be part of the solution, according to this opinion article.
April 7 -
Among workers age 60 and older, 50% intend to wait to retire, or have no plans to retire at all,
April 6 -
Couples may choose a survivorship option when collecting pension benefits, although this could result in a lower monthly payment.
April 5 -
Workers who withdraw from their 401(k) plan lose about 25% in compounded growth.
April 4 -
A couple who expects to earn a bigger income in the future is advised to convert part of their IRA into a Roth now while they are in a lower tax bracket.
April 3 -
401(k) participants can create a pension-like source of retirement income by using a portion of their assets to buy a longevity income annuity.
March 31 -
With more Americans living past the age of 70, experts say they should not be forced to make unnecessary taxable withdrawals.
March 30 -
S&P 500 company pension plans' funding levels increased a mere 1% despite the $40 billion in contributions that these firms made to their plans.
March 29