Retirement Accounts

Retirement
Retirement Accounts
Retirement Living
Retirement Mistakes

The quick and easy way to lose your life savings

This isn’t my favorite topic. But it’s a necessary one these days, when a seemingly endless number of companies and individuals are intent on separating us from our money. Some of them will use any means, fair or foul. I’m going to share a story about a longtime friend (I’ve changed his name) whose kindness […]

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Empty Nester
Retirement
Retirement Accounts

Empty Nester? This Avoidable Mistake Could Jeopardize Your Retirement

empty nesters not saving enough for retirement Saving for retirement is a lifelong undertaking. It involves keeping your retirement goals in mind as you have children, get different jobs and move from place to place. However, a recent study from the Center for Retirement Research at Boston College shows that many parents may not be […]

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401k
401k Rollover
401k Taxes
Retirement Accounts
Retirement Planning

How Is Your 401(k) Taxed When You Retire?

When you withdraw funds from your 401(k)—or “take distributions,” in IRS lingo—you begin to enjoy the income from this retirement mainstay and face its tax consequences. For most people, and with most 401(k)s, distributions are taxed as ordinary income. However, the tax burden you’ll incur varies by the type of account you have: traditional or Roth 401(k), […]

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Annuity
Retire Early
Retirement Accounts
Retirement Annuity

Annuity vs. Perpetuity

Compass pointing to “INSURANCE” Annuities and perpetuities are insurance products that make payments on a fixed schedule. An annuity makes these payments over a fixed period of time and then ends. A perpetuity makes these payments indefinitely. Here’s what you need to know about these insurance products. Estate planning can be complex, partly because your […]

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403(b)
Retirement
Retirement Accounts
Retirement Living
Retirement Planning

The Benefits of a 403(b) Plan

A 403(b) plan is a tax-sheltered retirement plan for people who work for nonprofit companies, including charities, schools, and qualified religious organizations. The 403(b) plan is comparable to its private-sector counterpart, the 401(k) plan, with important differences. If you’re considering enrolling in a 403(b) plan, check out the benefits below. Key Takeaways The 403(b) plan […]

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Retirement
Retirement Accounts
Social Security

4 things couples need to know about Social Security survivors benefits

When it comes to preparing for the inevitable, it’s quite possible that couples might not contemplate the Social Security benefit a surviving spouse might receive. But they should. And they should do so far in advance of claiming benefits based on their own record. What married couples should know about survivor benefits – while both […]

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