New Life Expectancy Tables impact RMDs in 2022. Read this before taking your required minimum distribution.
New Life Expectancy Tables Impact RMDs in 2022
Retirement Planning Takes More Than Money
Money isn't everything when it comes to retirement planning. There are social and psychological aspects to consider too.
How To Avoid Pitfalls that Can Mar Your Retirement
There are many financial mistakes that can mess up your retirement. Here are some tips to help you live the retirement of your dreams.
COLA Increase Announced for Social Security
The Social Security Administration announced a substantial COLA increase for Social Security recipients.
‘Gap Retirements’ Divide Baby Boomer Couples
Are you prepared to retire before (or after) your spouse? Have you considered how this retirement gap will impact your relationship?
Important Things to Know When Couples Plan for Retirement
One of the most overlooked concerns that couples fail to discuss is how their retirement goals align with each other. Here's what you need to know when thinking about retirement.
3 Actions That Help You Reap Big Rewards on Your 401(k)
Contributing to a 401(k) is great. But you need to do more to ensure you reap the plan's full benefits.
Retirement Can Be Wonderful, But Also Stressful On a Relationship
Are your retirement dreams compatible with your partners' dreams? Here are some things to consider before the big day.
How to Pay for Retirement (Part Two)
In Part Two of our series on how to pay for retirement, we discuss three additional ways to raise cash in retirement.
How to Pay for Retirement (Part One)
How to pay for retirement is a crucial and often overlooked question. Here are three viable income sources to consider.
Required Minimum Distributions for 2021
Required minimum distributions are once again mandatory in 2021. But there are new rules to be aware of if you haven't had to take RMDs in the past.
Reducing Income Taxes in Retirement
Nobody wants to outlive their money. Here is a strategy that can help reduce income taxes in retirement, ensuring your money will last longer.
Required Minimum Distribution (RMD) Changes in 2020
Required minimum distribution rules have changed for 2020. Before you take your RMD, read this.
Social Security Announces 1.3% Benefit Increase in 2021
Social Security benefits are increasing in 2021. Here's what you need to know.
August 31 Deadline to Roll Back Required Minimum Distributions Fast Approaching
Did you take an RMD before the CARES Act passed and changed the requirement? There's still time to roll back your withdrawal.
Seniors Turn to Education for Retirement Activity
The concept of retirement has evolved. Instead of focusing on the golf course and the bridge table, today's retirees are showing up on college campuses, or at least they were until the pandemic set in. Still, seniors are turning to education as one of their primary interests in retirement, and there are lots of opportunities to consider in both the real and virtual worlds.
11 Common Money Mistakes People Make in Retirement (UPDATED)
Retirement is supposed to be enjoyable. Healthy financial habits should have set you up to do the things you've always wanted. But too often, individuals make mistakes that derail their plans to be financially independent. Learn how to set yourself up for a worry-free retirement.
10 Common Money Mistakes People Make in Their 50s
You're getting closer to retirement, and it's time to put a plan in place. Here are some questions to consider and mistakes to avoid.
Qualified Charitable Distributions After the CARES Act
For individuals who would like to donate some of their IRA to charity, making a Qualified Charitable Distribution could be a good strategy.
The Advantage to Delaying Retirement
"When should I retire?" is a question asked by millions of people every year. There is no one-size-fits-all answer, but here are some things to think about as you ponder your own retirement.
How the CARES Act Impacts Required Minimum Distributions
Learn about a significant change that will benefit retirees required to take RMDs in 2020.
The CARES Act and You
The CARES Act is an economic stimulus package designed to help small businesses and individuals during the Coronavirus pandemic. Here are the main points that impact individuals.
Watch the SECURE Act Webinar Recording and Learn if Your Retirement Plans Need to Change
The SECURE Act likely impacts everyone's retirement and estate planning. Watch this webinar replay to learn about the major changes and what strategies are available to mitigate potential problems.
SECURE Act Law Could be Boon for Charities
The recently passed SECURE Act has made several changes to retirement plans, some of which could result in an increase in the amount of money being left to charities. Read why.
A Big Decision for Seniors: Do I Stay, or Do I Go?
There's no place like home. That's the feeling many of us have as we age and need to consider where and how we will live as seniors. It's not always an option, however. Read how two retirees made their (different) choices.
What You Need to Know About the Recently Passed SECURE Act
The recently passed SECURE Act contains the most significant changes to retirement since 2006, and there's something in it for everyone. Find out how the changes may impact you.
I Don’t Need My IRA Distributions, What Next?
A Reader of Ask NJ Money Help asked: I take Required Minimum Distributions every year, but I don't need the money. How can I decide if I should convert the IRA? The short answer is you could be a candidate for a Roth conversion, but it depends on several issues. Read the full answer here.... Continue Reading →
9 Common Mistakes to Avoid in Retirement
Retirement is supposed to be enjoyable. But every day people make mistakes that derail their plans to live comfortably in retirement. Read about the most common pitfalls you can avoid.
The Hidden Cost of Your 401(k)
401(k) balances are near all-time highs, leaving retirement savers feeling pretty good about themselves and their futures. Eventually though, we all have to take distributions from those accounts, and that includes paying taxes. To lessen the tax bite, financial pros recommend a few key tips.
Find the Best Retirement Plan for You
Saving for retirement seems like a straightforward goal. Yet nearly 50% of people wishes they were saving more. Part of the challenge is knowing where to keep it. Learn about some of your options, and the rules to consider.
Three Changes to Retirement Accounts You Should be Aware of
Lost in all the tax changes that went into effect this year were several changes made to IRA and Roth IRA accounts that bear mentioning. Read about them here.