Nine out of 10 retirees identify as happy

As much as I bemoan the fact that most Americans are ill-prepared for retirement, that doesn’t mean people haven’t found a way to make it work, whatever their means. Here’s proof positive: In a recent Transamerica study, 90% of retirees said that they're enjoying their lives despite the financial challenges retirement typically presents....

Student Debt Reaches a Record High

Total U.S. student debt hit a record $1.31 trillion last year, the 18th consecutive year Americans' education debt rose, according to the Federal Reserve Bank of New York. Outstanding loans taken out for higher education have doubled since 2009, data show....

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A Reminder for First-time RMD Retirees

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Even though the IRS is extending the April 15 deadline for filing your tax return to April 18 this year because of the weekend and a Washington, D.C., holiday, you don't get a similar extension for taking your first required minimum distribution (RMD). If you turned 70½ in 2016, you actually have until April 1, 2017 to take your first RMD...