You work hard to save money on a tax-deferred basis so you will have more money after tax. Then you go to retire and have to pay tax on 100 percent of the money you take out of the 401(k). So if you thought paying taxes on your annual income was horrible, wait until...
Lack of adequate income at retirement is the next gigantic financial shoe to fall, and it is going to fall hard. Consider in 1981 nearly two out of three workers had a quality pension plan, not a 401(k). Employers would agree to pay 60 percent of the last 25...
This post is a follow-on to a blog I wrote last week, New “Fiduciary Rules” Handed Down from Department of Labor Will Change Your Life, about new Department of Labor rulings spear-headed by Obama that strengthen fiduciary standards for those involved in giving advice...
Many folks get to retirement and don’t know what their options are. They don’t know who to discuss these issues with and they often make decisions without regards to the following: Ongoing retirement fund management fees Investment options Taxes...
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