Tag Archives: retirement

Feeling frazzled by holiday fanfare?  Do you also have nagging worries about your retirement plans? One of the best ways to control stress of any kind is to make a list and check it twice.  And we have done that for you. Here is a handy end of year retirement …

Nearly a third (30%) of people aged between 18 and 39 plan to save in both a workplace pension and Lifetime ISA when the Lifetime ISA launches next year, new research has revealed. According to workplace pension provider NOW: Pensions, 16% of 18 to 39-year-olds said they will continue to …

Average retirement incomes are at record lows one year on from the pension freedom reforms, a new report has revealed. According to consumer website Moneyfacts.co.uk, the retirement income for an individual saving into a personal pension and then taking an income through an annuity has dropped by nearly 10% since …

Not everyone was thrilled with the new regulation. “We are disappointed with the Department of Labor’s final rule, which exempts state-run retirement programs for private sector employees from vital consumer protections provided by ERISA,” said Investment Company Institute CEO Paul Schott Stevens in a statement. “Several states have already moved …

The myRA is a starter retirement plan that works like a Roth IRA except there are no fees and account holders can only invest in Treasurys. Once account holders save $15,000 in their myRAs, they must roll them over into Roth IRAs. Account holders of myRAs and Roth IRAs do …

It’s been well-documented that Americans, on average, haven’t saved nearly enough for retirement. Some, though, are a lot better off than others. And that may have to do with a wide gap in access to a retirement savings plan at work. That disparity was described in detail in an analysis …

Drivers for Uber and Lyft have to cover the costs of their vehicle, personal liability insurance, gas and a smartphone. They also pay commissions for using the apps, which can be as high as 25 percent per trip depending on how much they drive. On top of that, Uber charges …

Like all tax-advantaged accounts, HSAs have restrictions on how much you can contribute. For 2016, you and your employer can contribute up to $3,350 for individuals and $6,750 for families. In 2017, the limit rises to $3,400 for individuals, but the family limit stays at $6,750. Account holders age 55 …

If your retirement plans include an encore career, look before you leap. Half of employees say they expect to work at least part-time while in retirement, according to a Transamerica Center for Retirement Studies survey of 4,161 workers from earlier this year. Continuing to work is a necessity for some, …

Older Americans generally are worried about medical costs in retirement. Nearly half of them won’t talk about it. A survey from the Nationwide Retirement Institute released Wednesday said 45 percent of individuals polled have not discussed these expenses with anyone. And that’s too bad, because health-care costs can add up …