Insights into pension plans, Social Security benefits, 401(k)s, and other savings plans. Learn about the latest updates and strategies to ensure you’re maximizing these critical resources for retirement.
As the Social Security Trust Fund approaches its expiration date, many existing entities are offering helpful suggestions for funding alternatives. For example, the Association of Mature American Citizens (AMAC) recommends […]
Social Security Proposals and Strategies Read More »
A recent survey found that 40% of respondents with access to a health savings account (HSA) do not fully understand how they work. Basically, HSAs are paired with high-deductible health
Updates on FSAs and HSAs Read More »
One way for the government to potentially earn more tax revenue is by eliminating the early withdrawal penalty. This is the typical 10%-tax penalty on distributions from retirement accounts by
That Pesky Early Withdrawal Penalty: It’s There for a Reason Read More »
The Social Security Administration (SSA) recently announced a new cost-of-living adjustment (COLA) starting in 2021. Beneficiaries can expect a 1.3% increase in their income payouts next year, which is actually
Social Security Updates Coming in 2021 Read More »
The 401(k) originally began as a company profit-sharing plan. Companies had been funding defined benefit pensions for years, but as their annual profits and stock prices experienced volatility, they looked
Let’s Talk About … the 401(k) Read More »
A recent survey found that working households experiencing financial strain due to the pandemic have not been inclined to make withdrawals from their 401(k)s to help make ends meet. In
Americans and Their 401(k)s Read More »