Results for Individual Retirement Account

TODAY financial editor Jean Chatzky shares tips to make your hard-earned money last for a healthy retirement income. Chatzky suggests making small changes, including increasing contributions to your retirement account by one percent annually.

Retirement can be an abrupt change when you go from working full time to a life of leisure. Here's how to make the transition into retirement go smoothly. The amount you have saved in your retirement accounts during your working years needs to be turned into a stream of income you can use to pay

There can be significant tax advantages to taking withdrawals from one retirement account over another. Here's how to help clients plan.

By Christine Benz | 13/06/14
Figuring out which asset classes, geographic exposures and various risk factors to hold in which proportions presents investors with many challenges in their quest to build the optimal portfolio. But as our Global Diversification Week comes to a close, there is one more item to talk about: asset location -- essentially, the placement of investments in taxable or tax-sheltered accounts
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Your Social Security benefit may be taxable. Try these strategies to reduce your tax bill in retirement
MOST WORKERS PAY INTO the Social Security program throughout their career. Many people also pay taxes on part of their Social Security payments in retirement
Is Social Security Income Taxable?
Retirees with low incomes or whose only source of income is Social Security generally don’t pay income tax on…

Buy now, get the care you need later
The standard approach to saving for retirement tends to be acquiring a large pot of money which you then invest (ideally in a tax-advantaged retirement account). What many retirees (or those soon to retire) soon realize is that the same pot of money that you use for food, vacations, and property tax after leaving the workforce will also have to fund the cost of long-term care in your later years, should you need it.
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Research by The Pew Charitable Trusts on individual retirement accounts (IRAs) with automatic enrollment, known as auto-IRAs or Secure Choice accounts, illustrates how retirees could use their auto-IRA accounts to delay claiming Social Security benefits, thereby boosting their monthly and annual payment amounts for life.

In 2017, you have another chance to max out your retirement accounts. Here is a rundown of yearly contribution limits for the popular retirement savings vehicles
IRAs. The 2017 limits are the same as in 2016: $5,500 for IRA owners who will be 49 and younger this year, $6,500 for IRA owners who will be 50 or older this year. These limits apply to both Roth and traditional IRAs.1
What if you own multiple IRAs? This $5,500/$6,500 limit applies to your total IRA…

A backdoor IRA isn't a retirement account; it's a way of converting a traditional IRA to a Roth IRA to avoid contribution limits. Here's how to do it...

Consolidating multiple retirement accounts into one makes it easier to manage. But do you know what money you can roll over to where? Here's a breakdown of your options.

Anyone saving for retirement knows the various accounts used to accumulate wealth, but one type of account may be under-utilized: the HSA.

Learn more about Health Savings Accounts and how to fund HSA savings as well as retirement.

Find out the tax rules for pensions, retirement accounts, and Social Security benefits.

Next to hiring a financial professional, a managed account is one of the few options available that offers a comprehensive retirement strategy.

Making the right decisions about your retirement savings can do wonders for your tax burden.

How Much Home Insurance Do You Need
Written by Kevin Connors. Posted in Blog
The right amount of home insurance depends on the value of your home plus how much you have in personal property and assets. In case of a claim, you need enough coverage to rebuild your home, replace your belongings, and protect your wallet—if you're liable for someone else's injuries or damages. Additionally, you need coverage for daily expenses if you can't occupy your home while it's being repaired due…

Trading in retirement accounts rose as the market tumbled in the later part of August, suggesting that retirement investors panicked in the face of the market decline; Plus, nine factors to consider before buying long-term care insurance.

A recent Willis Towers Watson survey found employers are making retirement account changes, including boosting employer contributions and adding Roth 401(k) options.

How to navigate the world of health insurance under the Affordable Care Act.