Social Security

Retirement looks bleak for many Americans and the Trump administration does not seem to be part of the solution, according to this opinion article.

Dependent care flex spending accounts can help clients mitigate child care costs, but also reduce tax credits otherwise available.

With more Americans living past the age of 70, experts say they should not be forced to make unnecessary taxable withdrawals.

Retirees can suspend and resume their Social Security retirement benefits any time after their full retirement age even if they started collecting the benefit before reaching their FRA.

A Roth IRA would come ahead of a traditional IRA if clients move to a higher tax bracket in retirement.

Until the early 1980s, Social Security wasn't taxed. But in some situations today, clients may be in for a surprise.

Clients should ask themselves if a remote, self-contained community fits their personality and if they want to live with other seniors.

Retirees who turned 70 1/2 in 2016 have until April 1 to take required minimum distributions from their tax-deferred retirement accounts.

Many seniors are unaware that Medicare premium payments are deductible, while their spouses who are still working can contribute to a spousal IRA and reduce their taxable income.

Getting married could boost couples' retirement prospects as it opens more retirement savings options, such as a spousal IRA.