Blog Archives

RETIREMENT PREPAREDNESS

“While most Americans realize retirement will be the biggest purchase of their lifetime—costing 2.5 times the cost of an average home—81% say they do not know how much money they will need to fund their retirement,” writes Rebecca Moore in

Posted in 401k, Asset Allocation, Do You Know, IRA, Money and Aging, Retirement Plans, Retirement Reality, Risk and Rewards Tagged with:

New Procedure Helps People Making IRA and Retirement Plan Rollovers

WASHINGTON — The Internal Revenue Service [on Aug. 24] provided a self-certification procedure designed to help recipients of retirement plan distributions who inadvertently miss the 60-day time limit for properly rolling these amounts into another retirement plan or individual retirement

Posted in IRA, Retirement Plans, ROTH Tagged with:

6 challenges to achieving retirement security

“Americans from all walks of life face several overarching challenges to their retirement security and personal savings. More specifically, they have to deal with six primary obstacles that make it harder for them to put away enough money to have

Posted in 401k, Boomer Retirement, IRA, Money and Aging, Planning for Longevity, Protect Your Family, Retirement Plans, Retirement Reality Tagged with: , ,

IRA SURVEY

“The need for more education on IRAs is evident, especially among millennials, given that 35% of this young generation say they don’t know enough about these accounts to consider using one, according to a [TIAA] survey,” writes Tanvi Acharya in

Posted in Asset Allocation, Do You Know, IRA Tagged with: , ,

PLAYING CATCH-UP ON RETIREMENT SAVINGS

Breaking up, as the Neil Sedaka golden oldie from 1962 (yes, it was that long ago) has it, is hard to do. But so is catching up, especially when it comes to retirement savings. But there are ways to do

Posted in Do You Know, IRA, Money and Aging, Planning for Longevity, Retirement Plans, Retirement Reality

THE ELDERLY AS SCAM TARGETS

The problem is even worse than you might have imagined. As Ashlee Kieler writes in an important piece that we read on consumerist.com, “despite regulators’ attempts to take [fraudsters who prey on the elderly] out of commission, one in five

Posted in Do You Know, IRA, Retirement Plans Tagged with: , ,

Top Year-End IRA Reminders from IRS

Individual Retirement Accounts, or IRAs, are important vehicles for you to save for retirement. If you have an IRA or plan to start one soon, there are a few key year-end rules that you should know. Here are the top

Posted in Asset Allocation, IRA, Retirement Plans, Risk and Rewards, Tax deductible, Tax Planning and Deductions Tagged with: ,

Tax Preparedness Series: Most Retirees Need to Take Required Retirement Plan Distributions by Dec. 31

WASHINGTON — The Internal Revenue Service today reminded taxpayers born before July 1, 1945, that they generally must receive payments from their individual retirement arrangements (IRAs) and workplace retirement plans by Dec. 31. Known as required minimum distributions (RMDs), these

Posted in IRA, Tax Planning and Deductions Tagged with:

REALIZING THE DREAM

“The majority of investors still believe in the American dream,” writes Paula Aven Gladych in a highly interesting benefitnews.com piece, “but only 36% of non-retired investors have a written financial plan to help them achieve their goals.” Other excerpts from

Posted in 401k, Boomer Retirement, Do You Know, IRA, Protect Your Family Tagged with: ,

IRA FACTS & FIGURES

 In another superb usnews.com column, Emily Brandon takes a close look at how much money workers are putting in IRAs. Her piece: “The average balance tops $100,000. Individuals held an average of $119,804 in their IRAs in 2013, according to

Posted in Boomer Retirement, IRA, ROTH Tagged with: , ,