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Relying too much on tax-loss harvesting to generate an income is a common mistake that clients should avoid after they retire.
December 14 -
Retirees who have reached the age of 70 1/2 should take required minimum distributions from tax-deferred accounts, while those who are younger should draw from their taxable accounts.
December 12 -
Workers can improve the odds of getting bigger Social Security benefits after they retire by asking for a salary raise from their employer.
December 1 -
One-third of households headed by Americans aged 65 and older derive 90% of their retirement income from Social Security, according to a GAO report.
November 28 -
Clients should learn to reduce their housing, transportation and food costs, cut unnecessary expenses, and develop the habit of packing their lunch to work.
November 3 -
Clients can enjoy their later years without the worries of work, but will also lose the additional earnings.
November 3 -
Clients who intend to name minor children as beneficiaries of their IRAs should take taxes into consideration before making a decision.
November 1 -
Clients' statements have invaluable information and are a great launch pad for discussing retirement planning.
October 27 -
An average 50-year-old woman in New York should begin socking away 49% of her income to her retirement account to live comfortably in her golden years, according to UBS study.
October 18 -
Saving too much for retirement could force clients to take loans or make withdrawals that would carry taxes and penalties.
September 26