From: cnbc.com
It’s not just saving for retirement you need to worry about, but drawing down your money at the right time, too.
The IRS requires savers to make withdrawals from their retirement accounts starting at age 70½.
“They’ve allowed you to defer taxes, but they need to come collecting at some point,” said Arielle O’Shea, a…
From: www.fool.com
Wishing for heftier monthly checks in retirement? Here’s how to do it.
Social Security benefits can make the difference between barely scraping by in retirement and living a comfortable and enjoyable lifestyle. For many people, those monthly checks are also the main source of income in retirement. In fact, approximately half of baby boomers say they expect…
Go to page: Beyond Salary: 7 Top Employee BenefitsFrom: REAP, LLC. | Retirement & Estate Advisors & Professionals
Imagine this: You have two job offers with similar salaries and potential career growth. Which one should you take?
The answer may depend on the other benefits on the table.
Many employers offer more than a salary and health insurance. No matter your current situation, make sure you’re aware of a company’s potential perks, and more importantly, make sure…
From: www.fool.com
Retirement is a scary notion for some seniors, not because it means getting older, but because it means moving over to a fixed income with little financial wiggle room. If you’re concerned about having enough money in retirement, here are a few things you can do to scrounge up extra cash.
From: TaxpayerAdvocate.irs.gov
An Illustration of the Modern United States Tax System
The map below illustrates, at a very high level, the stages of a taxpayer’s journey, from getting answers to tax law questions, all the way through audits, appeals, collection, and litigation. It shows the complexity of tax administration, with its connections and overlaps and repetitions between stages. As you can see from its numerous twists and turns, the road to…
From: www.fool.com
From what beneficiaries will be paid to what workers could owe in payroll tax, big changes are on the way for America’s top social program.
There’s little question that Social Security is our nation’s most valuable social resource. Of the nearly 64 million beneficiaries netting a monthly payout, over a third are being lifted out of poverty, with…
From: www.nerdwallet.com
Retirement mistakes can increase the chances of outliving your money. Getting an objective second opinion can help.
One of the biggest retirement mistakes you can make is not realizing what you don’t know.
I regularly hear from people in or near retirement who misunderstand how Social Security works, dramatically underestimate life expectancies or fail…
From: www.nerdwallet.com
The estimate you receive may be too low if you’re young and too high if you’re older.
The Social Security Administration will happily forecast your future monthly retirement check. Trouble is, it’s often off the mark. Understanding the sometimes-flawed assumptions underlying the estimate can help you make smarter decisions about when to claim your benefit.
First, of course, you should know how to…
From: www.kiplinger.com
The SECURE Act is not a done deal yet, but it makes sense to watch it closely because it could affect everything from RMDs to inheritances.
New legislation making its way through Congress has the potential to create significant changes around retirement planning and individual retirement accounts (IRAs). The Setting Every Community Up for Retirement Enhancement…
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