Getting Involved With the Match Game

No, this is not a blog post about dating games, but it is about matches–employer contribution matching, that is. In case you are unfamiliar, employer contribution matching is a retirement benefit in which a company will match contributions you make to your employer-sponsored retirement account (usually a 401(k)). Such benefits usually have certain limitations or rules for eligibility. For example, you may have to work at the company for a certain length of time before being eligible or you have to contribute a certain amount of your annual income to take advantage of it. While matching contributions are offered by Continue reading Getting Involved With the Match Game

Taking Advantage of a “Still Working” Exception

Are you nearing the age where you have to begin taking required minimum distributions (RMDs), but are planning on working well past that age and want to put off taking those RMDs? You can do so by taking advantage of a “still working” exception. However, it’s important that you understand a few key aspects of the exception. First off, the still working exception only applies to company plans and not to any personal IRAs or retirement plans. This means that if you are still working, you can’t delay RMDs from non-employer plans. Also, the still working exception only applies to Continue reading Taking Advantage of a “Still Working” Exception

Working Past Age 70

Are you planning on working as long as you can? Do you believe you can work well into your 70s (and possibly 80s)? If that is the case, you most likely will be able to delay taking your required minimum distributions (RMDs) that begin when you turn 70 1/2, which means your retirement savings may go further. Planning to work into beyond the age in which RMDs begin is something that should be taken into account when planning for retirement. It’s also important that you understand the rules and requirements of the retirement plans that you may have, especially if Continue reading Working Past Age 70