When it comes to saving for retirement, my motto has always been, “Save early, save often.” Beyond that, here are some other great tips to follow that CNN Money compiled recently. From Millennials to Baby Boomers, the article touches on some key things to keep in mind for retirement savers of all ages...
The older unemployed conundrum
Nothing throws a financial plan off course like unplanned unemployment in the years leading up to retirement. Plenty of plans have been derailed in the aftermath of the Great Recession.
Near-retirees who are out of work or underemployed have probably reduced, or eliminated, retirement plan contributions. Perhaps they've tapped savings accounts to meet living expenses...
Inherited IRAs lose protection from creditors
The Supreme Court issued a ruling late last week that has major repercussions for IRA account holders, specifically those who inherit IRAs.
When an individual files for bankruptcy, any savings he or she has managed to accumulate in retirement accounts are usually protected from the reach of creditors. However with their decision on June 12, 2014, the high court removed this protection for inherited IRAs...
70 is the new 65 - here's why
Thanks to the Social Security delayed retirement credit, waiting those extra five years can mean larger benefits.
More Americans are holding off on retirement until they reach their seventies. A recent research paper published by the Center for Retirement Research (CRR) at Boston College reveals that Social Security's real retirement age is now 70...