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  • IRS Announces 2021 Retirement Plan Contribution Limits For 401(k)s And More

    IRS Announces 2021 Retirement Plan Contribution Limits For 401(k)s And More

    The burden is on you to stuff your retirement piggy bank. getty How much can you save for retirement in 2021 in tax-advantaged accounts? How does $58,000 sound? The Treasury Department has announced inflation-adjusted figures for retirement account savings for 2021.  The basic salary deferral amount for 401(k) and similar workplace plans remains flat at […] More

  • Prepare For This Unexpected Retirement Risk

    Prepare For This Unexpected Retirement Risk

    It’s smart to think ahead and plan for the time in your life when you might need care. getty Pre-retirees face several potential risks during retirement that require their focused attention and planning, such as outliving their money, stock market crashes, inflation, and the high cost of medical bills. Now the COVID pandemic has exposed […] More

  • Why You Shouldn’t Fear For Your Retirement Come This Election Day

    Why You Shouldn’t Fear For Your Retirement Come This Election Day

    getty It’s a common theme during election season: this candidate (or that candidate) spells doom (or boon) for your 401(k). While this may be the soundbite you hear, digging deeper will allow you to discover the justification for the concern (or the promise). This presidential election is no different. “It matters who wins the election […] More

  • Should My Spouse File Early So I Can Take Social Security Spousal Benefits At 66?

    Should My Spouse File Early So I Can Take Social Security Spousal Benefits At 66?

    Economic Security Planning, Inc. Today’s column addresses questions about early filing and restricted applications, retroactive spousal benefits, choosing which ex’s record to file on and potential effects of foreign pensions on divorced spousal benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which […] More

  • 3 Social Security Strategies to Bankroll Your Retirement | Business

    3 Social Security Strategies to Bankroll Your Retirement | Business

    (Selena Maranjian) Fully 69% of workers are confident that they’ll have enough money in retirement, per the 2020 Retirement Confidence Survey, and that’s great — it’s a solid majority. But it also means that 31% are not confident about their retirement preparedness. The best remedies for that minority include saving and investing more, and investing […] More

  • 3 Social Security Strategies to Bankroll Your Retirement | Personal Finance

    3 Social Security Strategies to Bankroll Your Retirement | Personal Finance

    (Selena Maranjian) Fully 69% of workers are confident that they’ll have enough money in retirement, per the 2020 Retirement Confidence Survey, and that’s great — it’s a solid majority. But it also means that 31% are not confident about their retirement preparedness. The best remedies for that minority include saving and investing more, and investing […] More

  • How To Avoid Costly Financial Mistakes During Open Enrollment

    How To Avoid Costly Financial Mistakes During Open Enrollment

    Most employees buy more health insurance than they need and save less for retirement than they should, according to a recent study from the TIAA Institute. This study provides a cautionary tale for millions of employees making benefits decisions during open enrollment. Researchers studied four years of data from a large university to identify mistakes employees made […] More

  • It’s Never Too Early to Save for Retirement – The Denver Post

    It’s Never Too Early to Save for Retirement – The Denver Post

    Whether your retirement dreams involve a cozy mountain cabin, or jet-setting around Europe, all of them have one thing in common: planning. More than just dollars and cents, planning for retirement means creating a clear picture of what life after work looks like to you, and developing a reasonable plan to get you there. Alexandra […] More

  • Why Social Security Means More To Your Retirement Than You Think

    Why Social Security Means More To Your Retirement Than You Think

    getty There are many people who feel that Social Security will not factor much in their retirement plans. They feel the benefit is too low to impact the quality of their retirement and that it may not be around much longer. In 2019, the average monthly benefit for Social Security was $1,427 for a single […] More

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