In this video, learn about each of the legs of the traditional “three-legged stool” for retirement income: employer pensions, Social Security, and personal savings and investments. We provide an overview of the three pillars along with the most important considerations…
Whether or not you’ve been good about saving for retirement, have you started thinking about how you’ll manage your money once you get there? How you handle your income in retirement can be just as important, if not more so,…
Biggest fear of most retirees? Outliving their retirement nest egg. And with these stats, it’s easy to see why: Just 11% of workers have prepared a formal, written plan for retirement. Twenty-four percent have less than $1,000 in savings. Only…
A big part of retirement planning is knowing how much replacement income you’ll need when your working days are over. If you don’t have a firm grasp on your monthly expenses, it’s tough to know how much money to save….
Understanding RMD rules may be the best present you give yourself this year. If you or someone you know is turning 70½ in 2017, get ready to start taking money out of IRAs and qualified retirement plan accounts. In fact,…
Retirement brings many changes and quite a few of them are positive: more time to spend with friends and family, the opportunity to enjoy new hobbies, and even the chance to travel. Some things, however, carry into retirement, and one…
2016 is an important year. We recently concluded the Olympic games in Brazil, the presidential election is coming up, and the oldest Baby Boomers are turning 70½! What’s so important about turning 70½? Once you turn 70½, the IRS requires…
If you own a tax-deferred retirement account and have reached the age of 70½, federal law requires you to take annual distributions in the form of an RMD. Required minimum distributions (“RMDs”) most commonly are taken from traditional Individual Retirement…
They’re as sure as death and taxes: required minimum distributions (RMDs). If you’re 70½ and own an IRA or qualified retirement plan account like a 401(k) or 403(b), the tax code requires you to take annual distributions. But you have…
St. Patrick’s Day is right around the corner and while the holiday can be cause for celebration, it can also be a good reason to reflect on your personal pot of gold – that is, your retirement funds – and…
