Economic Commentary Blog

1212, 2014

Simplified Employee Pensions (SEPs)

By |December 12th, 2014|Retirement|

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 […]

1112, 2014

Will You Outlive Your Money?

By |December 11th, 2014|Financial Planning|

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 […]

1112, 2014

Understanding Social Security

By |December 11th, 2014|Retirement|

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 […]

1112, 2014

Understanding IRAs

By |December 11th, 2014|Retirement|

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) […]

1112, 2014

Taking Advantage of Employer-Sponsored Retirement Plans

By |December 11th, 2014|Retirement|

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 […]

1112, 2014

“Stretch” IRAs

By |December 11th, 2014|Retirement|

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 […]

1112, 2014

Social Security Retirement Benefits

By |December 11th, 2014|Retirement|

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 […]

1112, 2014

Saving for Your Retirement

By |December 11th, 2014|Financial Planning|

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? […]

1112, 2014

Saving for College and Retirement

By |December 11th, 2014|Financial Planning|

These days it’s not uncommon for parents to postpone starting a family until both spouses are settled in their marriage and careers, often well into their 30s and 40s. Though this financial security can be […]

1112, 2014

Rollovers from Employer-Sponsored Retirement Plans

By |December 11th, 2014|Retirement|

If you withdraw cash or other assets from an employer-sponsored retirement plan (“employer plan”) in an “eligible rollover distribution,” (defined below) you can defer paying tax on the distribution by rolling all or part of […]