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Guaranteed Income Important to Americans

In the past, employer-sponsored pensions were much more common, and employees were encouraged to save more thanks to contribution matches. Now, 401(k)s are the leading retirement savings vehicle in the workplace, and self-directed savings, with varying degrees of employer matches, leave retirees’ financial futures all over the board. As a result, more people lack the […]

The Mature Person’s Job Search

Although a woman was selected to be a major party’s candidate for the first time in this year’s presidential race, leadership positions are still lacking for American women in the corporate world. According to a 2016 research report by Mercer titled “When Women Thrive, Businesses Thrive,” females make up only 20 percent of executive-level positions. […]

5 After Tax Balance Rules for Retirement Accounts

Most retirement plan participants use pretax assets to fund their employer-sponsored plans such as 401(k) and 403(b) accounts, or they claim a tax deduction for amounts contributed to their Traditional IRAs. In both cases, these contributions can help to reduce the individual’s taxable income for the year to which the contribution applies. However, it is […]

Possible Benefits of “Bundled” Health Care Payments

Americans buy and sell most goods and services with the bundled approach. Companies package things like phone, internet and cable together for one, simplified monthly payment. When you sell a house, you pay a lump sum commission to the representing agents, not a fee for each service they provide. However, the United States currently uses […]

Consider Going Back-to-School Post-Retirement

This fall, young people aren’t the only ones who are going back to school. Many colleges and universities have made it easier for older folks to get a degree, and retirees across the country are taking advantage. People aged 65 and older currently make up a little more than 13 percent of the U.S. population […]

5 Action Items to Complete Before Retiring

The years leading up to retirement can be a time of both increased excitement and anxiety. For many, retirement offers the possibility of pursuing new opportunities and experiences. However, with this new sense of freedom comes a heightened level of concern in making sure your money lasts. Prior to retiring, there is no substitute for […]

Downsizing in Your Golden Years? Decluttering Tips for Seniors

When you’ve got a home filled with a lifetime’s worth of stuff, there often comes a time when you’ve got to part with some of it. OK, a whole lot of it. Seniors, especially, have four compelling reasons to pare back possessions. 1. You intend to grow old in your home Most people want to […]

Why a $2 Trillion Tax Bill Is Coming Due for Baby Boomers

Uncle Sam has been waiting a long time for this big tax payoff. It starts this year, as the oldest baby boomers hit age 70½ on July 1 and begin taking money out of their tax-advantaged savings accounts as required by law—and paying the income tax that has been deferred, in some cases for decades. […]

Visit This Summer’s Travel Hot Spots

Let’s face it. For many people, getting older has less to do with chasing the almighty dollar, and more to do with enjoying special moments with friends and family. Highlighting this point is new research by AARP showing that many of America’s baby boomers are choosing to celebrate personal milestones such as anniversaries, birthdays or […]

What’s the difference between a 401(k) and a pension plan?

The biggest difference between a 401(k) plan and a traditional pension plan is the distinction between a defined benefit plan and a defined contribution plan. Defined benefit plans, such as pensions, guarantee a given amount of monthly income in retirement and place the investment risk on the plan provider. Defined contribution plans, such as 401(k)s, […]