It’s a difficult question and, in fact, in most instances a virtually impossible one to answer. But given that no one knows how long they’ll live, we all still need to plan for living a longer time. How many years are you planning to live in retirement?
Half of men and nearly two-thirds of women say that “struggle” or “worry” best summarizes their financial situation today.This financial unease has seeped into people’s relationships and emotions as well. Fortunately, this anxiety can be conquered.
The combination of guaranteed benefits for life, cost of living adjustments, and spousal coverage makes Social Security one of the most valuable sources of retirement income.
Under federal bankruptcy law, all IRAs have a $1,000,000 exemption. In addition, funds from employer plans are 100% exempted, even if they were rolled over to an IRA. So, your IRA funds should be exempt, right? The answer is a definite maybe.
Like any other major financial decision, the question of whether to convert to a Roth IRA needs to be measured carefully and with all the facts. Only then can the best course of action be identified and implemented.
That's the question facing retirees. Should they keep their savings in a company retirement plan, move the cash into an IRA, or take the money and run? Each choice has significant implications for taxes, estate planning and investment growth.
Seniors need to be aware of the scam artists who prey on the elder population with financial assets. They sound so nice. They offer to help you. But what they don't tell you is they're really salespeople, trying to get you to buy things you don't need.
When making a tax decision on converting a traditional IRA to a Roth IRA you should consider your personal income tax situation: will your tax rate be the same, lower or higher in the future?
Every now and then, a situation comes along that allows a taxpayer to benefit from an obscure, little known tax provision. Such was the case of "Archie" when he inherited his nephew's IRA.
If you are age 59 ½ and still working you may have an option of taking money out of your 401(k) plan without penalty and income tax and put it into an IRA rollover.
Enter the e-mail address you registered with below. Within one minute you will receive an email with instructions on completing the setup for your account.
In order to reset your password, we need to verify your identity. Enter your email address below and we will email you a link to reset your password. If you don't know your email address or you can't receive email at that address, contact support.
The last step required to complete the signup process is to verify your registration by clicking the link found in the email sent to you. Let's Get Started
Important: If you have not previously signed up as user, Click here as the first step to set up your account.
If you have registered but have lost or not received your confirmation email, click here.
* All fields are required
