While major legislation is unlikely to be passed during an election year, some smaller-scale bills to help savers could be advanced.
Small business owners and sole proprietors may find a SEP IRA helpful in establishing retirement savings.
Changes to retirement savings plans are expected in White House budget proposal.
Outliving savings is a concern for some investors. But longevity is not the only risk. Taxes pose a risk and here are some strategies to help.
Three proposals being debated on Capitol Hill would limit many investors’ ability to plan for retirement. As Washington lawmakers grapple with the federal budget deficit, some retirement accounts and provisions have come under scrutiny. Here are three proposals that have been introduced: 1. Scale back retirement plan contributions Originally proposed in the 2010 Simpson-Bowles Commission
Americans are on track to save 61% of current income in retirement, according to Putnam’s latest Lifetime Income ScoreSM survey. The study also found that those best positioned for success shared these characteristics: Have access to workplace savings plans Defer 10% or more of their income Work with a financial advisor Conducted with Brightwork Partners