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.
Key Retirement Birthdays: Double Digits, 55Age 55 seems to be a magical number. It’s the elusive goal for retiring early!
The Over The Hill BonusCongress increased the amount workers could contribute to their retirement plans but then realized that older workers closer to retirement were in rough shape.
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.
Using Your Retirement Plan As A Revolving Savings AccountAccording to the Employee Benefit Research Institute’s latest study on borrowing, more than 20% of participants have outstanding loans from their retirement plans.
Mid-Year Tax Planning For Your Retirement PlansMid-year is a good time to take stock of your retirement accounts.
Mid-Year Tax Planning For College GradsThere is tax planning for the recent graduate or their parents who want to give them advice.
Planning For The Millionaire Club When You Are 60At 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?
Five Tips For Getting The Most From Your 401(k) PlanWhether 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.
It’s America Saves Week!Today starts a national campaign for Americans to save more money.