Retirement/Income – Putnam Wealth Management

From dreaming to living: What you need to know about retiring abroad

As the number of Americans retiring in other countries continues to grow, here are five considerations for individuals planning to retire abroad.

With final regulations announced, heirs now have clarity on the 10-year rule for distributions from inherited retirement accounts.

IRS recently provided details on new provisions to avoid the early withdrawal penalty from retirement accounts.

If they meet certain requirements, a divorced individual can receive Social Security benefits similar to a married spouse.

For married couples, it is important to understand the rules for claiming Social Security survivor benefits in order to plan ahead.

Heirs with inherited retirement accounts can skip taking RMDs this year without penalty under IRS guidance.

For individuals considering a distribution or rollover it is important to understand the options around company stock in a retirement plan.

Individuals saving for retirement may overlook state taxes which can mean a larger tax bill in retirement than expected.

With more states requiring workplace savings plans it may be an opportune time for businesses to establish their own retirement plans now.

Without additional resources single households may be more vulnerable to financial shortfalls, making financial planning particularly important.