Category: Retirement/Income

Many small business owners may not realize that Internal Revenue Service offers a tax credit for the costs of establishing workplace retirement plans.

The Senate is considering a bill that represents the most comprehensive changes to retirement savings since the Pension Protection Act of 2006.

A new report found that the cost of Social Security is projected to exceed its income in 2020 and the trust funds are projected to be depleted in 2035.

Changes to retirement accounts could be on the horizon as Congress considers legislation to enhance 401(k) plans and other retirement accounts.

For investors preparing for retirement, it may be more difficult to distribute retirement income than to accumulate.

Small businesses and freelance workers seeking a retirement savings strategy may consider the advantages of a SEP IRA.

For investors preparing for or in retirement, two key changes to Social Security, including a cost-of-living increase take effect this year.

With new limits on itemized deductions set by tax reform, senior investors may consider using a charitable IRA rollover provision to donate to charity.

As year-end nears, retirement planning becomes a focus for investors, especially retirees who have year-end deadlines for retirement income distributions.

Millennials face different financial challenges than previous generations as they set goals for saving for retirement, paying debt, and buying a home.