Traditionally, many Americans have viewed 65 as a target retirement age. However, there's usually no legal requirement that you retire when you turn 65. Most Americans are free...
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Breaking the Nest Egg: Tread Carefully with Early Retirement Plan Withdrawals
Tax-deferred retirement plans, such as traditional 401(k)s and IRAs, were designed to make building up a retirement nest egg easier. So they're structured with both carrots...
New for 2024: Matching Contributions for Employee Student Loan Payments
Participants in eligible employer retirement plans, such as 401(k) plans, can choose to make salary-reduction contributions to their accounts. These salary deferrals, as the IRS...
IRS Issues New Final Regs on RMDs
The IRS has just released final regulations on required minimum distributions (RMDs) from qualified plans and traditional IRAs. The much-anticipated final regs provide guidance...
Use Overtime Prudently or You’ll Incur Major Risks
When companies depend on overtime to meet productivity goals, they can't ignore or minimize the stress and disruptions it causes in their workers' lives. The risks -- especially...
Should You Set Up a Self-Directed IRA?
An IRA can be a valuable tool in anyone's retirement and estate planning toolbox. But what if you're not satisfied with your investment options or portfolio performance? One...
How to Transition into a Comfortable Retirement
You've been planning and saving for decades, and now retirement is looming on the horizon. As the time to implement your retirement plan approaches, there are a variety of things...
Safeguarding Against Check Fraud
Although fewer paper checks are being issued now than in the past, old-fashioned paper checks remain the "go-to" payment method for many individuals and organizations. While...
Financial Planning Before Stressful Events Occur in Your Family
When tragedy strikes in a family--in the form of a death or severe disability--people are overcome with emotional stress, be it grief, sorrow or the fear of how it will affect...
IRS Targets Partnership Tax-Reduction Tactic
The IRS recently announced the launch of a new multistage regulatory initiative intended to close what it calls a "major tax loophole exploited by large, complex partnerships."...