The How-Tos And Benefits Of A Minor Participating In 401(k)s
The 401(k) has become the go-to retirement plan for many Americans and continues to gain traction. The flexibility, tax savings and scale of 401(k) plans have made it attractive to employers and employees alike. But A 401(k) plan doesn’t need to be just for large...
Covid-19 Is Most Certainly A Retirement Story
The Covid-19 recession, like all recessions, threatens the wealth and retirement security of millions of workers. Job loss prompts people to stop saving, raid their nest eggs or go into debt by falling behind on their rent and mortgage payments. Most workers nearing...
IRA Contributions Might Lower Your Taxes. What’s The Right Strategy For You?
You now have an extra month to lower your tax bill with contributions to your individual retirement account (IRA). Just like last year, the IRS has extended the 2020 tax filing deadline to May 17, allowing Americans an extra month to make IRA contributions that can...
After One Year Of Covid-19, America’s Retirement Crisis Is Little Changed
A year has come and gone since the beginning of the Covid-19 pandemic in the United States in March 2020, upending all of our lives. Hundreds of thousands of Americans have lost their lives, millions have lost their jobs and practically every kid (and parent) in...
Benefits of Fixed Index Annuities
See how the benefits of a fixed index annuity work together to keep Retirement income planning on track. We look at six top fixed index annuity benefits: principal protection, tax deferral, growth opportunities, liquidity, guaranteed income and beneficiary payments....
16 Retirement Numbers You Need to Know for a Secure Future
Figuring out if you can retire securely can sometimes feel like the most complicated math problem ever. Just figuring out which Retirement number to worry about can be perplexing. And then there is the further complication of knowing how they all fit together. Here...
Times Have Changed: How To Save For Retirement Today
his story is part of a series in support of America Saves Week 2021. Since 2007, this initiative has provided a call to action for U.S. consumers to save intentionally. Today’s theme is: Save to Retire. Once you reach a certain age, nearly every dinner party you...
6 Social Security Changes for 2021
These changes in Social Security taxes and benefits take effect Jan. 1 Every October, the Social Security Administration (SSA) announces its annual changes to the Social Security program for the coming year. Here are the Social Security changes that were announced in...
How COVID-19 is Affecting 2021 Retirement Planning
CORONAVIRUS Reactions to COVID-19 and the impact on consumer confidence is prompting many consumers to reassess their Retirement and financial plans. A majority of today’s workers and retirees range from feeling cautious to pessimistic about the economic outlook for...
Retirement Services
FERS INFORMATION Eligibility is determined by your age and number of years of creditable service. In some cases, you must have reached the Minimum Retirement Age (MRA) to receive Retirement benefits. Use the following chart to figure your Minimum Retirement Age....
How to Minimize Social Security Taxes
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....
Laid Off During the Pandemic: Should You Tap Into Social Security Early?
Why you should look for other solutions first More than 4 of 10 jobs lost during the pandemic may never come back, the Becker Friedman Institute for Economics at the University of Chicago predicts. That grim statistic means many pre-retirees may not find work again....
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