In light of the unforeseen circumstances of a global pandemic, it is now an optimal time to review your finances, diagnose how goals might have shifted and identify whether changes should be made. Given fluctuation across markets and shifting objectives, it’s become even more critical for individuals and families to review wealth plans through a [...]
In light of the unforeseen circumstances of a global pandemic, it is now an optimal time to review your finances, diagnose how goals might have shifted and identify whether changes should be made. Given fluctuation across markets and shifting objectives, it’s become even more critical for individuals and families to review wealth plans through a [...]
That was true even for respondents between the ages of 60 and 67, a time when retirement is near, if not imminent. When broken out by gender, 39% of men didn’t know how their retirement funds were divvied up, compared with 59% for women. And while 35% of men said they had done a “very [...]
Recordkeepers and plan sponsors agree that retirement plan participants sometimes need access to emergency savings, but a report from Commonwealth and the Defined Contribution Institutional Investment Association’s Retirement Research Center discovered that there’s little consensus about the best way to provide that. The report is based on interviews with nine of the largest U.S. recordkeepers and seven [...]
The Internal Revenue Service today reminded taxpayers about the rules for required minimum distributions (RMDs) from retirement accounts. A retirement plan account owner must normally begin taking an RMD annually starting the year he or she reaches 70 ½ or 72, depending on their birthdate and maybe the year they retire. Retirement plans requiring RMDs include traditional, [...]
The Internal Revenue Service today reminded taxpayers about the rules for required minimum distributions (RMDs) from retirement accounts. A retirement plan account owner must normally begin taking an RMD annually starting the year he or she reaches 70 ½ or 72, depending on their birthdate and maybe the year they retire. Retirement plans requiring RMDs include traditional, [...]
What are some of the top hobbies for retirees? You might be surprised at the retirement hobbies people have access to today. In fact, if you’ve been searching for things to do in retirement, you’ve come to the right place! To give you some suggestions on what to do in retirement, we’ve come up with [...]
Retirement is a beautiful time in your life. You’ve done the daily grind, you’ve lived a life, raised kids, and had some adventures. It’s time to settle down for your golden years, reflect on your choices, and have some carefree fun. If you’re having trouble figuring out what to do with your free time, here’s [...]
If you’re like most people facing retirement, you don’t have an unlimited budget. Even so, that doesn’t mean that you have to settle for living out what are supposed to be your golden years in a less-than-desirable locale just to make ends meet. Arizona vs. Florida for Retirement: Which Is Best for You? Retirement should be [...]
Retirement income comes in all forms, and pension payouts are just one of them. To the federal government, most pension payouts are fully taxable as income. To the 50 states and the District of Columbia, the tax picture for pension payouts is a bit more complicated. A patchwork of tax rules Eight states – Alaska, [...]