Retirement

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Latest Retirement News

401(k) Beneficiary Rules for Non-Spouses

Understanding 401(k) non-spouse beneficiary rules is key for anyone planning their estate and retirement. When a non-spouse inherits a 401(k),…

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6 Unexpected Retirement Expenses You May Face

Unexpected expenses could creep up in retirement and put your nest egg at risk. These can include healthcare, housing or…

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How to Catch Up on Retirement Savings in Your 30s

When you’re in your 30s, retirement may be far from your mind. But saving for retirement in your 30s is…

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How a Government Pension Can Offset Social Security

Retirees who are eligible for government pensions may have their Social Security benefits reduced due to rules designed to keep…

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Does Virginia Tax Social Security?

Virginia does not tax Social Security benefits, which means that retirees in the state can get their Social Security income…

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Is It Wise to Convert 20% of My IRA to a Roth Each Year to Avoid Taxes and RMDs?

Transferring funds from a pre-tax retirement account such as an IRA to an after-tax Roth IRA is a move many…

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Understanding 401(k) Contribution Errors

Correcting 401(k) contribution errors involves identifying the mistake, adjusting future contributions and potentially making retroactive corrections to comply with IRS…

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401(k) Deferral Deposit Deadlines

Late 401(k) contributions can potentially lead to penalties and missed investment opportunities. Employers must adhere to strict deposit deadlines to…

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Differences of Direct vs. Indirect Rollovers

Managing retirement savings effectively often involves rollovers, which allow investors to move funds from one retirement account to another without…

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Roth TSP vs. Roth IRA

Both Roth thrift savings plans (TSPs) and Roth individual retirement accounts (IRAs) can offer significant tax advantages and the potential…

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