Aggregating RMDs can simplify things in retirement, but you need to make sure you understand the limits.
Category: Employer Plans
The HSA Advantage
HSAs are becoming more and more popular. Do you know what the advantages are to having one?
Something To Keep In Mind With RMDs and Pensions…
A lump sum payment from a pension can sound enticing, but you need to understand that an RMD might still need to come out of it.
Are You an “Active” Participant in Your Employer Plan?
Being an active participant in an employer plan can affect your ability to take a deduction when it comes to traditional IRA contributions.
Don’t Be Afraid to Take Advantage of Retirement Tools and Resources
I’ve said it before and I’ll say it again, but saving for retirement can seem like a daunting task for many Americans. Aside from the fact that the amount you will need for your nest egg seems to get bigger and bigger, there’s also the many current expenses people face that can make future expenses…
Something to Think About If You Have Multiple Retirement Accounts
It’s not uncommon for an American worker to have more than one retirement plan account. Most likely they have an account through their employer and either a Traditional or Roth IRA that they keep under their own name. There’s nothing wrong with this and it’s not frowned upon to have such a set-up. In fact,…
Do You Know Some of the 10% Penalty Exceptions?
There are exceptions to the 10% penalty for early retirement account withdrawals. Do you know what they are?
More Retirement Legislation Could Be Around the Corner
Newly introduced legislation could bring even more changes to retirement planning and saving less than a year after the Secure Act was signed into law.
The CARES Act and Your HSA
Health Savings Accounts (HSA)–often coupled with a high-deductible plan–have become quite popular with employers in recent years. In many places they’ve replaced traditional employer insurance offerings as they pass more healthcare costs on to the employee. They can be beneficial to the employees to as they can take the HSA with them if they leave…
To Tap or Not to Tap Your Retirement Savings?
It’s tough times out there for many Americans. We’re seeing record numbers of people filing for unemployment. For those who have lost jobs, it can be scary to think about where the finances will come from to continue paying things such as rent, mortgages, grocery bills, etc. Thus, during these times, it can be tempting…