Don’t forget to add RMDs to your yearend checklist

Nothing good lasts forever, and so it is with tax-deferred retirement saving – that is, the deferred part. Contributions to traditional IRAs and 401(k) accounts aren’t taxed upfront, but the government gets its due down the road. When you reach age 70-1/2, a certain amount of your tax-deferred savings in IRAs and most 401(k) accounts […]

Near miss on 401(k) tax grab marks a new low for retirement policy

Republican lawmakers came close to staging a damaging raid on retirement savers this week to pay for a massive tax cut for corporations and the wealthy. Their recklessness brings to mind that old saying – “This is no way to run a railroad.” But in this case, using that expression would be grossly unfair to […]

How to close the race-based chasm in retirement wealth

The gap in retirement wealth between white and minority families has widened to the point where it really is’nt a gap anymore -it’s a canyon. In 2016, white families had six times more money saved for retirement on average than black or Latino families, according to new data from the Federal Reserve’s Survey of Consumer […]

Behavioral economics works for retirement saving; let’s try it in the states

How to get people to save for retirement? There are two schools of thought: cajole and educate, or give people a little push in the right direction. Pushing has been ascendant over the past decade for a simple reason: it works. Fueled by “behavioral economics” – which focuses on the psychological and emotional factors in […]

Will Republicans fund tax cuts by tapping retirement piggy bank?

Tax reform is up next for our Attention Deficit Disorder Republican government, which just rushed through a chaotic, ugly battle to reform our complex healthcare system. The fight over tax reform promises to be just as chaotic and ugly – and it could mean big changes for Americans saving for retirement. The Republican tax plan […]

Longevity risk: Making money last as long as you do

How long should you plan to live? No one can really know, of course. But the answer to that question may be the most critical factor in making a successful financial plan for retirement. Expected longevity for men and women at age 65 has jumped more than 10 percent since 2000, according to the Society […]

How part-time work hurts retirement security for millennials, minorities

The Great Recession took any number of wrecking balls to the retirement security of American workers, including wages and pension benefits, home equity and savings. But one of the less understood areas of hurt continues to this day: part-time work. The recession pushed the U.S. part-time labor force to 20.1 percent in January 2010 from […]

Retirement investors not hitting post-election panic button

Emotion can drive investor behavior – and feelings are in overdrive following last month’s election.Across the United States, the mood ranges from a state of mourning to euphoria, depending on one’s political views. But retirement investors are not hitting the panic button in the wake of the Nov. 8 election. The Vanguard Group reports that […]

Five ways to improve retirement math when you haven’t saved

A large segment of American workers are approaching retirement with very little or nothing saved: Among workers age 55 or higher and nearing retirement, 48 percent have saved less than $100,000, according to the Employee Benefit Research Institute. A third have less than $25,000. The savings shortfall means many Americans face the prospect of retiring […]

Mandatory worker retirement plans gain momentum with California legislation

The movement to require employers to offer retirement plans to their workers just took a big leap forward. California Governor Jerry Brown signed legislation last week launching the state’s Secure Choice plan – a government-sponsored retirement savings vehicle that would be offered to employees of most companies that do not have their own workplace retirement […]