Key Retirement Birthdays: Almost 60Almost 60 is technically 59½, the age you finally can get at those dollars you have been stashing away for years.
Retirement Plans At WorkOnly 25% of the employers in the private sector offer a pension plan. And only 60% of employers currently offer retirement plans like a 404(k).
Other Ways to Pay for CollegeIf your kid is in her senior year of high school and there is nothing set aside for her college education it’s too late to do much more than stick whatever extra cash you can in a savings account.
Mom & TaxesDid mom file her tax return this year? Ask her if she wants some help with her tax return.
4 Helpful Tax Tips For Newly RetiredMinimize the amount of tax you may owe from your retirement income with these tips.
Key Retirement Birthdays: Age 70½Congress 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.
Key Retirement Birthdays: Almost 60At 59½ you can finally get at those dollars you have been stashing away for years in your retirement plans without paying a 10% penalty.
Other Ways To Pay For CollegeIf your kid is in her senior year and there is nothing set aside for her college education it’s too late to do much more than stick whatever extra cash you can in a savings account.
Retirement Plans At WorkMore and more employers are eliminating their pension plans and only 60% of employers currently offer retirement plans.
Retirement Plan LimitsLet’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.
I Can Wait Until I’m 40 To Start Saving For RetirementNo you can't! The reality is if you start at forty and plan to retire at age 67 you have only 27 years of saving and investing.
The Spousal IRAA Spousal IRA is an IRA funded for a spouse with little or no income by a working spouse with income.