Category - Retirement

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Which Women Face the Greatest Financial Risk in Retirement?
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Reached Your Retirement Savings Goal? Keep Saving.
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Deciding When to Claim Social Security Isn’t a Guessing Game
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Potential new #401k and #IRA rules? #Taxes #Retirement
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Saving in Retirement

Which Women Face the Greatest Financial Risk in Retirement?

Forbes.com discussed the surprising results of research from The Center for Retirement Research as reported by Prudential Financial:

Women in their 50s who are at the most financial risk in retirement are those who are married and in two-income households.

The research still found risk for women who were married in households with one income and those who had never been married but those who were married with two incomes had a higher percentage of risk. 

The assumption is that a woman is better off if her household is earning more but that is not necessarily so. People …

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Reached Your Retirement Savings Goal? Keep Saving.

In “Are you confident about your retirement savings? That could be dangerous,” USA Today and TheMotley Fool discuss a survey that found “38% of retirees say they felt either extremely or very confident in their savings before they retired.” Notice that this is how they felt before actually retiring. It is possible that these same survey respondents felt differently once they had been retired for a while.  

As the article notes, this certainty can backfire if those who are feeling confident get lax about money management. Perhaps someone approaching retirement looks at what they have already saved …

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Deciding When to Claim Social Security Isn’t a Guessing Game

The summation of a Bloomberg article that states that many Americans opt to receive Social Security benefits at the wrong time may be confusing: “Most retirees should wait longer to access their benefits, researchers find. Some should claim them sooner.”

Why does this advice seem to be contradictory? Because there is no one rule for claiming Social Security. It really depends on you and your situation.

You cannot guarantee you’ll live to 100 and beyond but if you have clear evidence that you may not live well into old age, perhaps you shouldn’t wait. If you are healthy …

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Potential new #401k and #IRA rules? #Taxes #Retirement

The post Potential new #401k and #IRA rules? #Taxes #Retirement appeared first on Yardley Wealth Management, LLC.

There is recent breaking news on the retirement plan rules front. The House passed a bill that would change some of the rules around 401(k)s and IRAs.

It will do some nice things. The Senate still needs to pass it and the President still needs to sign it. Given how overwhelmingly the House passed it, it seems like there’s a good chance it could become law.

One change is that it would allow people to continue making IRA contributions past 70 1/2, …

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