401K

(File image credit: NOAH SEELAM/AFP/Getty Images)

Key Retirement Birthdays: Age 70½

Congress and the IRS decided that you cannot leave your pre-tax retirement savings growing forever tax-deferred, so they chose 70½ for you to begin mandatory withdrawals.

WBZ NewsRadio 1030–01/30/2015

Banks, 100 Dollar Bills, Cash, generic, withdrawal, Counting Money

Key Retirement Birthdays: Almost 60

At 59½ you can finally get at those dollars you have been stashing away for years in your retirement plans without paying a 10% penalty.

WBZ NewsRadio 1030–01/28/2015

Counting, Savings

Key Retirement Birthdays: Double Digits, 55

Age 55 seems to be a magical number. It’s the elusive goal for retiring early!

WBZ NewsRadio 1030–01/27/2015

Checks, Money, Payment, Loans

The Over The Hill Bonus

Congress increased the amount workers could contribute to their retirement plans but then realized that older workers closer to retirement were in rough shape.

WBZ NewsRadio 1030–10/22/2014

401K, Retirement Plans

Retirement Plan Limits

Let’s start with the employer plans, 60% of employers offer some sort of retirement plan, but only about 50% of employees take advantage of the plans offered.

WBZ NewsRadio 1030–10/21/2014

Checks, Money, Payment, Loans

Using Your Retirement Plan As A Revolving Savings Account

According to the Employee Benefit Research Institute’s latest study on borrowing, more than 20% of participants have outstanding loans from their retirement plans.

WBZ NewsRadio 1030–09/25/2014

401K, Retirement Plans

Mid-Year Tax Planning For Your Retirement Plans

Mid-year is a good time to take stock of your retirement accounts.

WBZ NewsRadio 1030–07/23/2014

Photo Credit Thinkstock

Mid-Year Tax Planning For College Grads

There is tax planning for the recent graduate or their parents who want to give them advice.

WBZ NewsRadio 1030–07/22/2014

(credit: Photo by Arif Ali/AFP/Getty Images)

Planning For The Millionaire Club When You Are 60

At 60, retirement is so close you can actually taste it, but you haven’t saved enough and you know unless you win the lottery there will never be a million dollars in your bank account, so what can you do?

WBZ NewsRadio 1030–04/25/2014

401K, Retirement Plans

Five Tips For Getting The Most From Your 401(k) Plan

Whether you’re 25 or 55, you know you’ll want to retire one day – and to retire in comfort you must save. These five simple steps can help you make a big difference in your efforts to reach retirement with lots of money in your retirement account.

03/03/2014

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