Worst Ways to Withdraw Funds from Retirement Accounts
Withdrawing from your retirement accounts in the wrong order could cost hundreds of thousands of dollars in retirement income.
What Should I Do in Retirement?
Many people identify themselves with their work — but when someone is no longer working, they default to labeling themselves as “retired.”
What Social Security Mistake Looms for Married Seniors?
Claiming Social Security prior to full retirement age (which falls between 66 and 67, depending on your year of birth) means slashing your monthly benefits for life. However, in some cases, it does pay to file early.
Big Tax Mistakes to Avoid When Retiring
One of the best ways to prepare for retirement is to set aside money in a tax-advantaged retirement account. Hopefully, you have done so year after year and built a nice nest egg.
How to Prepare for Health Care Costs in Retirement
There is a simple and unsettling reality in the United States. Many Americans don’t feel financially prepared for health care costs in retirement.
When Did You Last Review Beneficiary Designation Forms?
When it comes to your retirement accounts, do you know who your beneficiaries are? These types of accounts have complex distribution rules and significant tax implications for those who inherit them. This complexity is compounded, if there are errors or missing information on your beneficiary forms, as is often the case. Add to this the game-changer SECURE ACT, the largest retirement legislation that has been passed in decades—and there has never been a more important time to review your beneficiary forms.
