Retirement withdrawals

The deal comes amid a flurry of similar digital investment acquisitions made by competing banks.

Without acknowledging both the downside and tremendous upside of long time horizons, the 4% rule is no rule at all.

It's important to categorize necessary and discretionary expenses, but advisors need to know how clients are defining them.

Early planning for potential tax hikes is key.

One state has two of the top three cities in terms of boomer debt.

Capital gains tax rates are not just taxed at a single, more favorable, rate anymore.

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

The bill has bipartisan support in the House and Senate.

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

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.

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.

Retirement plans may decline to offer delayed RMDs, plan loans, stretch and hardship distributions and a host of other legally sanctioned tax maneuvers.

Seniors are more likely to opt for the standard deduction, which increased under the new tax law, but those who want to maximize their deductions have several considerations.

A recent ruling by the U.S. Labor Department could open the door for automatic 401(k) transfers between employers, which means fewer workers will be tempted to cash out.

One approach to determine a retirement withdrawal rate is to set a fixed percentage of their portfolio every year, says an expert. But there are other strategies, as well.

Compared to lower earners, clients with moderate and higher incomes will owe more taxes on the distributions from tax-deferred accounts after they retire.

They are advised to take the mandatory distribution days before the deadline to ensure that they get their withdrawal processed in time.

Despite Social Security's financial woes, the revenue shortfall can be easily fixed, say experts at Boston College Center for Retirement Research. But it will only go so far in paying for living expenses.

Workers looking to retire comfortably are more in need of professional guidance than they realize — and there are a lot of them.