Retirement

The rule change is designed to have an impact in the fight against COVID-19 and applies only to donations made to charitable organizations, an expert says.

How will the relief package impact retirement accounts? CPA Ed Slott fields this and other top financial planning queries.

The majority of U.S. workers do not have enough savings to help them in the event of a medical emergency and often turn to their retirement funds for help.

“Concerns over the program's ability to pay promised benefits have been around for a long while, but they're heightened,” an expert says.

There are appealing methods to shift investments “upstream” to aging parents or “downstream” to grown children.

People born in 1960 could see a permanent cut in their benefits without action by policymakers, an expert warns.

I am advising some clients to ladder maturities to lock in more dependable tax-free income streams — especially for those in states with high income taxes, like California.

Under the new act, some can take out as much as $100,000 from retirement plans early without penalty.

The percentage of workers who say they are ready to retire has dropped by more than 5% in last month, a survey found.

Find more information and the nomination form for Financial Planning's recognition of people, leaders and firms that have demonstrated innovation in response to the coronavirus pandemic.

Clients may consider rebalancing their portfolio more often to address asset allocation shifts as a result of the downturn.

Recipients of Social Security benefits, as well as railroad retirement and veterans benefits recipients, will need to act fast.

Gauging any possible changes to their health insurance coverage is just one consideration they must address before they retire.

Just as in the wake of the 2008 financial crisis, experts say there's rising interest in the products among advisors.

A rule designed to prevent simple deduction abuses brings significant complexity to planning.

For starters, they can use the windfall to pay off debt, shore up their HSAs and build a cash reserve.

The IRS now says some unwanted RMDs can be undone, eliminating the tax bill

For one, clients will owe taxes still on the distributions, unless they recontribute the money into the account within three years.