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 [...]

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 a short list of ideas to get you started! 1. Get a part time job [...]

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 about enjoying your life with minimal stress and spending some time in the sun. To [...]