Contribute to an IRA Before the May 17th Deadline
Taxpayers of all ages may be able to claim a deduction on their 2020 tax return for contributions made to their Individual Retirement Account made through May 17, 2021.
Creating an Income Plan While in Retirement
You‘ve saved for years. Now that you are retired, did you create an income plan from your savings? Here are five simple steps to help you get started.
The Impact of COVID-19 on Retirement
The COVID-19 pandemic has been with us for more than a year and it’s probably no surprise that it is making pre-retirees worry that their long-term retirement savings is not enough for them to retire when they want.
Beware of the High Fees in 401(k) Plans
Remember when 401(k) sounded like something only a chemist knew about? Now we all receive 401(k) statements routinely – including information about fees. High 401k Fees can introduce a tremendous drag on your investment returns over the long term.
COVID-19 Delaying Your Retirement Date?
Recent surveys have indicated that many of us are rethinking our retirement plans because of COVID-19. A survey from the nonprofit group Life Happens suggests that 43% of Americans plan to postpone and continue working past their retirement date because of COVID.
IRS Offers Relief to Retirement Plan Participants
On June 19, 2020, the Internal Revenue Service announced new guidelines to help those affected by COVID-19 gain more access to retirement plan distributions and loans. The IRS makes it clear that employers can decide whether or not to implement these new rules.