401(k) plans have become a widely accepted retirement
savings vehicle for small businesses. According to the
most recent data, an estimated 51 million U.S. workers
participate in 401(k) plans that have total assets of about
$3 trillion.
With a 401(k) […]
A SIMPLE IRA plan is a savings option for employers
with 100 or fewer employees.
This plan allows employees to contribute a percentage
of their salary each paycheck and requires employer
contributions. Under SIMPLE IRA plans, employees
can set aside […]
A SEP plan allows employers to set up SEP IRAs for
themselves and each of their employees. Employers
must contribute a uniform percentage of pay for
each employee, although they do not have to make
contributions every year. Employer […]
Before you retire, take the time to figure out just how much money you’ll need for retirement. One of the biggest concerns for retirees is whether their retirement savings will last the rest of their […]
Over 60 million people today receive some form of Social Security benefits, including approximately 39 million individuals age 65 or older. (Source: Fast Facts & Figures About Social Security, 2012) But Social Security is more […]
An individual retirement arrangement (IRA) is a personal savings plan that offers specific tax benefits. IRAs are one of the most powerful retirement savings tools available to you. Even if you’re contributing to a 401(k) […]
Employer-sponsored qualified retirement plans such as 401(k)s are some of the most powerful retirement savings tools available. If your employer offers such a plan and you’re not participating in it, you should be. Once you’re […]
What is a “stretch” IRA?
The term “stretch IRA” has become a popular way to refer to an IRA (either traditional or Roth) that has provisions that make it easier to “stretch out” the time that […]
Providing retirement benefits was a key provision of the Social Security Act of 1935. Older Americans were especially financially vulnerable during the Great Depression, and Social Security was enacted partly to provide them with some […]
Major considerations
How much will you need in retirement?
When do you plan to retire? What kind of lifestyle do you desire? How much do you have right now that you can count on for your retirement? […]
