Small Business Owners—Don't Forget Your Retirement Plan
Small-business owners have excellent opportunities to save for retirement, often with tax benefits for the business. Read more in this week’s Tax Tip.
Women and Retirement Planning
According to the latest Census Bureau wealth study, in the critical 55-to-64 age bracket, when household wealth typically builds to its peak before being drawn down in retirement, the median net worth for married couples is about four times higher than that of singles.
Early Retirement Offers
An early retirement offer may sound like a blessing, but before you accept, the “Money Talks” hosts discuss how it may affect your future financially.
Social Security and Medicare Figures for 2012
The Social Security Administration has announced that for the first time since 2009, a cost-of-living adjustment (COLA) will be paid to Social Security beneficiaries and Supplemental Security Income (SSI) recipients. Monthly benefits will increase 3.6% starting in January 2012 for Social Security beneficiaries and starting on December 30, 2011, for SSI recipients. Read more in this Financial Tip.
Q&A Time: Derivatives and 401(k) Plan Changes
The “Money Talks” hosts tackle listener questions on the use of derivatives and 401(k) blackout periods.
Section 457(b) Plan
The “Money Talks” hosts discuss Section 457(b) plans, and the unique savings opportunity these plans afford government employees and tax-exempt organizations.
The Spousal IRA Rule
If you are a stay-at-home parent, you may be able to contribute to an IRA based on the combined compensation of you and your spouse.
Factoring Health Care Costs into Retirement Planning
When planning for your retirement, factor in the cost of health care. Consider your Medicare premiums, co-pays and deductibles. For more on how much you will need and what you can do, read this Financial Tip.
New 401(k) Fee Disclosure Rules
Make no mistake about it: 401(k) Fee Disclosure rules are a game changer for an industry that has survived on hidden fees, poor service and conflicts of interest.
Q&A Time: 401(k) Loans
Taking a loan from your 401(k) balance creates a bad habit, because once you borrow to pay current expenses, you are likely to do it again. We suggest you consider the opportunity cost.