While major legislation is unlikely to be passed during an election year, some smaller-scale bills to help savers could be advanced.
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An HSA (Health Savings Account) may offer certain investors tax-advantaged savings for future health costs in retirement.
With a system that includes seven marginal tax rates, numerous surcharges, and an alternative minimum tax it can be difficult to determine a total tax bill.
Creditor risk, which may be overlooked by investors, can erode retirement savings, particularly in an IRA account.
Some plan participants may use non-hardship 401(k) withdrawals to invest in individual retirement accounts.
Congress eliminated two Social Security claiming strategies last year, but one can still be used by married couples before it expires.
Aware of rising health-care costs, investors may be looking for strategies to limit the impact of health expenses on retirement savings.
Many individuals will need some form of long-term care during their retirement years and need to plan ahead.
A 529 plan is one of several ways to save for college and benefits vary among investment vehicles.
Preparing for adequate health-care coverage in retirement is an essential element of financial planning.