Retirement

3 Retirement Statistics That Should Scare You

Why is $1386 such a frightening number for retirees?<p>No matter how old you are, retirement is probably on your mind. This doesn't mean spending your …

Retirement Planning

This Couple Is Retiring at 38 and 41. Here's How They Did It

The Our Next Life bloggers reveal their secrets (and their real names).<p>Like many soon-to-be retirees, Tanja Hester and Mark Bunge can’t wait to …

Retirement Planning

Over age 50? Here are 6 retirement guidelines you need to know about

If you've hit one of the major milestones on the way to retirement, age 50, it's time to hunker down and take a good look at savings habits.<p>The result of a lifetime of money habits will soon make itself abundantly clear. If you set a retirement savings target but have been neglecting it, you need …

401(k)

How Working During Retirement Affects Social Security

Want to pick up a part-time job after you retire? Here's how it will affect your Social Security check.<p>Now more than ever, seniors are leaving their …

Social Security

Bear Markets Teach Bitter Lessons

Thirty years ago this week, stock markets around the world crashed at an unprecedented pace. The S&P 500's 20.5% loss dramatically eclipsed the prior …

Personal Finance

Taking an early retirement may be financially risky

News (U.S.)

It's official: The 2018 401(k) contribution limit is increasing

For the 2018 tax year, the IRS has increased the employee 401(k) contribution limit to $18,500 to keep up with the rising cost of living. This means savers who want to max out their retirement savings have the ability to contribute an additional $500 to their 401(k) account, which also translates …

401(k)

GOP Tax Plan Will Have Fourth Bracket for Top Earners, Could Lower Retirement Deductions

Two significant insights into Republicans’ evolving tax-reform plan emerged Friday.<p>First, House Speaker Paul Ryan said that an additional top income …

Tax Preparation

IRS will decline tax returns without proof of health insurance

The IRS said it will decline any tax returns submitted online if the filer does not fill out the forms about whether you have health insurance, per …

Politics

3 Reasons You'll Still Need Estate Planning Even if the Death Tax Disappears

You could face big surprises if you don't know all the facts.<p>One key part of the tax reform plan released by the White House and congressional …

Retirement Planning

The Finger-Pointing at the Finance Firm TIAA

In the treacherous world of finance, where investors confront biased advice, hidden costs and onerous fees, one investment giant seems to stand apart — the Teachers Insurance and Annuity Association, also known as TIAA. Calling itself a “mission-based organization” with a “nonprofit heritage,” TIAA …

Business

One in three UK retirees will have to rely solely on state pension

Survey by Financial Conduct Authority finds those aged over 50 are most at risk of a bleak financial future<p>About 15 million people have no pension savings and face a bleak future in retirement, according to a major survey of Britain’s personal finances published this week by the Financial Conduct …

Financial Conduct Authority

We Hear You: Debt, Democrats, Deductions, Deficit-Spending, and the Tax Code

<i>Editor’s note: We’ve had so much reader input on Republicans’ tax reform proposals that we’re devoting a second consecutive compilation to it. Enjoy,</i> …

Conservative View

Why the 2018 Social Security raise might really be just $1

<b>Video by Time</b><p>More than 66 million Americans will see a 2% increase in their monthly Social Security and Supplemental Security Income (SSI) benefits …

Social Security

Lifestyle key to capturing boomer market

Proximity to health facilities and lifestyle precincts are proving to be major drawcards for Baby Boomers and soon-to-be retirees.<p>At its recent …

Financial world’s promises are statistically impossible to meet

<i>The owl of Minerva spreads its wings only with the falling of dusk.</i><p><i>Hegel on how we only understand or appreciate historical events after they pass</i><p>We …

George H. W. Bush

Slow start for auto-enrolment pensions with returns of just £2,500

Five years since its launch, figures reveal how much workers have earned from the mandatory scheme<p>The first figures on investment returns from workers pushed into auto-enrolment pensions five years ago were revealed this week and can be read as a roaring success – or an indictment of how miserable …

Sainsbury'S

One person killed in Centurion retirement home fire

ER 24 spokesperson Ineke van Huyssteen said that paramedics arrived on scene after 7pm and another medical service was already attending to …

News (South Africa)

Pension choice for 130,000 Tata steel workers

Last week, 130,000 current and former steelworkers received letters asking them to make a tough decision about the future of their pensions.<p>The letters, seen by <i>Telegraph Money</i>, ask savers to pick between sticking with the existing British Steel scheme, which will fall into the Pension Protection …

A tax plan for working people

Everybody remembers receiving their first paycheck as a working adult. The excitement of new independence was quickly met with the harsh reality of …

Social Justice

Republicans eye capping 401(k) pretax contributions

A GOP move is afoot to cap the pre-tax contributions to 401(k) retirement plans as low as $2,400, according to reports.

401(k)

To kill a bond or not?

I regularly come across clients and friends with a willingness to pay off their bond on a primary residence as quickly as possible.<p>The motivation to …

Finance

Now Could Be the Best Time to Buy a Home in 2017

Mortgage rates have dropped, and seasonal trends favor lower prices.<p>The end of the year can be a smart time to buy a home, as prices tend to cool off …

Mortgages

The Biggest Regrets Retirees Have Today (and How to Avoid Them)

For anyone planning—or <i>hoping</i>—to someday retire, Vanguard recently generated a lot of helpful advice. In a blog post, the brokerage company asked …

401(k)

36-year-old retiree: Saving money doesn't get you rich—here's what does

In 2014, Steve and Courtney Adcock decided to get serious about their savings. They cut back on their day-to-day expenses, downsized and started …

Wealth

Wall Street furious at proposed $2,400 401(k) limits

Wall Street pushed back hard on Friday against a report that congressional Republicans are weighing a plan to severely limit the amount of money …

Business

IRS will block or suspend your tax return if you don’t do this

Money

6 Ways to Protect Your Nest Egg When You Fear a Bear Market

No one can predict what stocks will do next, but there are plenty of things worried investors and retirement savers do have control over.<p>Lately, …

Retirement Planning

Republicans Consider Sharp Cut in 401(k) Contribution Limits

WASHINGTON — House Republicans are considering a plan to sharply reduce the amount of income American workers can save in tax-deferred retirement accounts as part of a broad effort to rewrite the tax code, according to lobbyists, tax consultants and congressional Democrats.<p>It is unclear if …

News (U.S.)

Republicans are considering a proposal that would radically change the way you save for retirement

• <b>Republicans are reportedly considering a cap on the amount people can put into a traditional, tax-deferred retirement account.</b>• <b><br>One proposal would cap the amount at $2,400 annually and force people to use a Roth account for anything over that.</b>• <b><br>The plan would help pay for the GOP's massive tax</b> …

Business