Congress and the IRS decided that you could not leave your pre-tax retirement savings growing forever tax-deferred, so they chose 70½ for you to begin your mandatory withdrawals.
Many birthdays are key to successful retirement planning.
Experts say we spend 40 hours a year looking for the important stuff we put away in safe places. We just can’t remember which safe place we put it in!
There are some good tax breaks available for self-employed individuals.
Only 70% of employers currently offer retirement plans. And of those that did offer retirement plans only 52% of workers participated.
You may have a 401(k), a 403(b) which is for nonprofit organizations such as schools and hospitals, a 457 plan which covers state, county and city employees and there is a Thrift Savings Plan for federal employees.
I’ve heard so many sad stories regarding beneficiary designations.
It’s midyear and this is a good time to review your retirement accounts.
Well this is it you think; you’ve raised your kids, worked all of your life and now it’s play time!
You wake up one morning and you realize the baby is having a birthday and she’s 13 today.