Congress increased the amount workers could contribute to their retirement plans but then realized that older workers closer to retirement were in rough shape.
Mid-year is a good time to take stock of your retirement accounts.
Many birthdays are key to successful retirement planning…and as these birthdays creep up, you need to do some planning.
Workers over 50 can contribute an extra $5,500 this year to their 401(k), 403(b), 457.
Sixty percent of employers offer some sort of retirement plan but only about fifty percent of employees take advantage of the plans offered.
According to the Employee Benefit Research Institute’s latest study on borrowing, about 20% of IRA participants have outstanding loans from their plans.
So often I hear from listeners who are about to retire and they realize they fall into the category of having too many retirement plans.
A rollover IRA is when you transfer money from a retirement account into an IRA.
Congress realized a couple of years back that most workers will not have enough retirement savings set aside for their golden years.
Tax law changes made several years ago put traditional retirement plans on an equal footing.