Posts Tagged ‘retirement plan’
401k Good News-Bad News
401k Good News – Bad News but Mostly Good: Good News first: The fees for 401k plans continue to fall, as plan sponsors and participants realize the long-term implications they can have on retirement. This was true for both large and small plans, as the prices for investment and administration were reduced according to the…
Read MoreSECURE Act Changes are in Effect Now
Do You Know How the SECURE Act Affects You? The SECURE Act, or the Setting Every Community Up for Retirement Enhancement Act went into effect January 1, 2020. New RMD Age The Act changed the Required Minimum Distribution (RMD) age from 70 ½ to 72 years of age. If you were born prior to July…
Read MoreSECURE Act 2020 changes to IRAs
The Secure Act, or the Setting Every Community Up for Retirement Enhancement Act went into effect January 1, 2020. The Secure Act changed the Required Minimum Distribution (RMD) age from 70 ½ to 72 years of age. If you were born prior to July 1, 1949 you will still need to take your 2019 RMD…
Read MoreDeadline for Distributions
Reminder: Retirees born prior to July 1, 1949 must take your retirement plan required minimum distributions (RMD) by December 31, 2019. The RMD rules apply to: Retirees with traditional IRAs Retirees with traditional (Simplified Employee Pension) or SEP IRAs Retirees with Savings Incentive Match Plans for Employees (SIMPLE) IRAs Participants in workplace retirement plans such…
Read More5 Lessons on Applying for Retirement Benefits
Recently, June (not her real name) was struggling to set up a social security account for her retirement. Her 65th birthday was approaching, she had health issues and was going to retire. I was with her when she made her second attempt to set up the Social Security account. June attempted to set up the…
Read More5 Steps to Retirement Investing.
Investing for retirement is one of the most important, but relatively painless, things you can do in your early work years, that will make your future much brighter. Here are some time tested easy steps for you to help you get started. 1-Figure out how much income you need in retirement. So, how much do…
Read MoreAvoiding Mistakes in Your Retirement Planning
Avoid retirement planning mistakes: How to find the right advisor.
Read More401(k) Hardship Distribution Rules Easing
IRS is easing 401(k) Hardship Distributions thanks to BBA amendments.
Read More401kzone.com Wants to Know:
Are You Prepared for Retirement? 45% of American Workers have saved less than $25,000 for retirement and 26% have saved less than $1,000. Source: Employee Benefit Research Institute, 2018 In 2019 employees were more confident that they would have enough for retirement, but less than half had actually calculated how much they would need. In…
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