Taxes in retirement may surprise retirees
Individuals saving for retirement may overlook state taxes which can mean a larger tax bill in retirement than expected.
Tag: Retirement
State mandates drive business owners to explore retirement plans
With more states requiring workplace savings plans it may be an opportune time for businesses to establish their own retirement plans now.
Growing number of single households face unique challenges
Without additional resources single households may be more vulnerable to financial shortfalls, making financial planning particularly important.
Open enrollment presents opportunity to change Medicare plans
Medicare holds an open enrollment period that allows participants to sign up or make changes to existing plans, which could result in cost savings.
Here are six tools to calculate Social Security claiming options
How and when to claim Social Security benefits is one of the most important retirement and there are dozens of free online tools that offer some guidance.
Expect the unexpected: Many retirees will need long-term care
Many individuals will need some form of long-term care during their retirement years and need to plan ahead.
Take action before year-end on these retirement strategies
Year-end planning presents an opportune time to focus on retirement strategies.
You’ve saved for years, now consider a withdrawal rate
Saving enough for adequate retirement income is a planning priority. But many investors do not know how to determine a withdrawal rate.
Year-end retirement planning priorities
As investors review their investments in the coming weeks, retirement planning is a priority, especially those strategies that involve year-end deadlines. Chris Hennessey identifies several areas that require action before December 31. Retirees age 70½ or older must take required minimum distributions (RMDs) from individual retirement accounts or 401(k) plans by December 31. The Internal
Three things clients need to know about domicile changes
Changes in tax laws, cost of living differences, and the appeal of milder climates prompt many people to consider relocating. While there may be benefits — including financial benefits in some cases — the process can be complex. A person may have several residences, but he or she can only have one domicile or “legal”