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 holistic lens on a periodic—or better yet, annual—basis. Here’s a few considerations to take as [...]

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 good” amount of planning and preparation for retirement and were fully on track, just 17% [...]

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 plan sponsors.

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, Simplified Employee Pension Plan (SEP) and Savings Incentive Match Plan for Employees (SIMPLE) Individual Retirement [...]

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, Simplified Employee Pension Plan (SEP) and Savings Incentive Match Plan for Employees (SIMPLE) Individual Retirement [...]

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 a handy list explaining some new pursuits (and old favorites) that will help you get [...]