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401(k) Secrets: Capitalize On Net Unrealized Appreciation (NUA)
Employer-sponsored retirement plans like 401(k)s offer a lot of savings, investment, and tax advantages, but you have to be paying attention to make the most of them. Some of the best tax strategies with retirement savings can be complex and require a good bit of planning, without which the strategy and benefits could be lost forever. Read more
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Understanding the 199A Deduction After The New IRS Final Regulations
Despite being in the midst of a government shutdown, the Internal Revenue Service (IRS) was just able to release a 247 page document describing and cementing final rules around section 199A. For those of you who are unfamiliar with 199A, the section provides for a new deduction Read more
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Test Your Annuity Acuity: An Advanced True/False Quiz
Despite wanting and needing more guaranteed income in retirement, many Americans are hesitant to purchase an annuity to provide that income. Some of this hesitancy is due to misconceptions around the products and how they can best be used to support a secure retirement. Read more
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Why The Average Retiree’s Net Worth Is A Deceiving Statistic
Not enough Americans are saving for retirement. What’s new, right?
According to the 2018 Retirement Confidence Survey conducted by the Employee Benefit Research Institute (EBRI), only about two-thirds of Americans say they or their spouse have saved anything for retirement, leaving millions of Americans with no retirement savings.
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Pros and Cons of Investing in an IRA during Retirement
As more and more people are working in retirement, retirees often need to determine the best strategy for saving or investing their incomes. One option is to save and invest in an IRA during retirement. For one thing, many retirees already have an IRA set up by the time they get to retirement. However, there are pros and cons to investing in an IRA in retirement, and in some cases, you might be prohibited from doing so. What follows are some of the benefits and drawbacks to investing in an IRA during retirement.
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You Might Be On The Hook For Your Parents’ Nursing Home Costs
The annual cost of care study was just released by Genworth, showing the average private room in a nursing home – for the first time ever – costs over $100,000 a year. If that number doesn’t shock you, it should. Read more
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How Does the Teacher Retirement System Work?
American public schools currently employ roughly 3.2 million full-time teachers, and about 2 percent of those retire annually. That means around 64,000 teachers go into permanent summer break every year.
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How to Buy a Home for Your Retirement Years
While retirement planning can be extremely complex and demanding, deciding where to live in retirement is one of the biggest decisions you must make, since it carries both financial and lifestyle implications.
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How Does the Civil Service Retirement System (CSRS) Work?
The Civil Service Retirement System (CSRS), created by the Civil Service Retirement Act of 1920, is a defined benefit and retirement savings system for certain federal employees. The CSRS was replaced by the Federal Employees Retirement System (FERS) for federal employees who started service on or after January 1, 1987.
So while new federal employees are not in the CSRS system, millions of Americans are still impacted by it. Read more
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The Lesson I Learned From Bill Belichick And Why It Will Help You Choose The Right Financial Advisor
We watch it every year, but the game never gets old. Beginning in January, the season’s best NFL teams literally go head-to-head, competing for their respective conference titles and, ultimately, the Super Bowl Championship. It’s as American as the estimated 1.34 billion chicken wings consumed, and $1.3 billion spent on beer on Super Bowl weekend. Read more
