Excluding a decision to work all your life or a premature death, retirement will come voluntarily or involuntarily. Social Security payments will not be sufficient to cover all income needs in retirement, especially with the ever-increasing costs of healthcare. And, loans are not available for retirement expenses!
The WEALTH for the RIGHTEOUS newsletter will cover retirement planning and current retirement issues such as Employer-sponsored Retirement Plans (401(k), 403(b), 457, Thrift Savings, Pension Plans), Individual Retirement Accounts (IRAs), Small Business Retirement Plans (including sole proprietorships), Social Security, and more.
This Retirement Planning section of our website features articles that emphasize the importance of saving for retirement now — before the paycheck ends.
The IRS offers several helpful retirement tips for employees. There are lots of benefits of participating in a retirement plan. For example, by participating in your company’s retirement plan, you can: More...
Retirement is expensive. Experts estimate that you’ll need about 70 percent of your preretirement income – lower earners, 90 percent or more – to maintain your standard of living when you stop working. Take charge of your financial future. More...
If you make eligible contributions to an employer-sponsored retirement plan or to an individual retirement arrangement, you may be able to take a tax credit. The Savers Credit formally known as the Retirement Savings Contributions Credit applies to individuals with a filing status and income of: More...
Planning and saving for retirement may seem like goals that are far in the future. Yet saving, especially for retirement, should start early and continue throughout your lifetime. Here are four reasons why saving matters to women – and especially to you! More...
Are you leaving employment and thinking about rolling over all or part of your retirement account to another retirement plan? If so, you need to know whether the rollover is permissible under IRS rules.
Use this rollover chart as a general guide. Contact a tax preparer for professional tax advice regarding your personal circumstances.
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