1. Articles in category: Retirement Planning

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    1. How to avoid cashing out your 401(k)

      A recent ruling by the U.S. Labor Department allows the automatic transfer of workers’ old 401(k) assets to their new plans once they change jobs, according to this article on Kiplinger. This will prevent many employees from cashing out their retirement savings, which could trigger a taxable event as well as early withdrawal penalties if they are younger than 55.

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    2. The government shutdown is disrupting retirement plans for some federal employees

      Federal employees who retire during the partial government shutdown would have to wait a longer time to take retirement distributions from their Thrift Savings Plan, according to this article from the Washington Post. That's because the employees who are supposed to work on their papers are furloughed.

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    3. Bezos divorce raises question: How can planners protect HNW clients?

      With especially keen interest, financial advisors will be following the long and tangled saga of the divorce of Jeff Bezos from his wife of 25 years.

      Amazon king Bezos is the world’s richest person with a fortune that just crossed the $150 billion mark, according to the Bloomberg Billionaires Index. That means even a 1% payout to his wife MacKenzie, would rank as one of the largest divorce settlements in history.

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    4. How seniors can avoid these common scams

      The grandparent scam, sweepstakes scam, the Medicare scam and the mortgage scam are among the common fraudulent schemes that prey on older people, writes an expert for MarketWatch. "Older adults are often too embarrassed to tell authorities or a family member they have been scammed," writes the expert. "Talk to the seniors in your life and let them know they can confide in you and let you know if they have been scammed."

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    5. Estate planning answers for 'hard' assets like art, heirlooms

      When leaving heirlooms and other illiquid assets to loved ones, seniors should allow the heirs to inherit the items instead of liquidating them, writes an expert on Kiplinger. "Illiquid assets receive a step-up in cost basis that alleviates some of the capital gains tax burden even if the inheritors sell it," writes the expert.

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    6. The Birth of a Notion

      “Unintended consequences” are generally a bad thing. But not always. The 401(k), for example.

      Today is being celebrated as the birthday of the 401(k) – because it’s the anniversary of the day on which the Revenue Act of 1978 – which included a provision that became Internal Revenue Code (IRC) Sec. 401(k) – was signed into law by then-President Jimmy Carter.

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    7. Are public pensions America’s next retirement crisis?

      Are public pensions America’s next retirement crisis?

      In 2013, I wrote about the excellent PBS FRONTLINE documentary, “The Retirement Gamble,” where correspondent Martin Smith reported on America’s troubling retirement savings crisis. He’s now back with a riveting sequel which aired Oct. 23 and is now available for watching online. “The Pension Gamble,” addresses a growing, troubling, retirement concern: America’s underfunded public pensions. It’s worth watching.

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    8. You can contribute more to your 401(k) and IRA in 2019

      You can contribute more to your 401(k) and IRA in 2019

      Workers will be able to contribute more to their retirement accounts in 2019.

      The limit increased to $19,000, up $500 from $18,500 in 2018, for 401(k) plans, as well as 403(b) plans, most 457 plans and the federal government’s Thrift Savings Plan, the Internal Revenue Service said Thursday. The catch-up contribution limit for employees 50 and older remains unchanged at $6,000, which means an employee 50 or older can put as much as $25,000 ($19,000+$6,000) in their 401(k) plan.

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    9. How a Fiduciary Can Better Prepare Pre-Retirees to Avoid that “What’s Missing” Feeling in Retirement

      How a Fiduciary Can Better Prepare Pre-Retirees to Avoid that “What’s Missing” Feeling in Retirement

      Perhaps the usual focus on the fairy tale version of retirement has led to the problem of post-retirement disappointment. To counter this, pre-retirees are vowing to avoid the mistakes of their older brothers and sisters.

      The post How a Fiduciary Can Better Prepare Pre-Retirees to Avoid that “What’s Missing” Feeling in Retirement appeared first on FiduciaryNews.

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    10. 7 year-end tax planning strategies for small business owners

      7 year-end tax planning strategies for small business owners

      You still have time to significantly reduce your 2018 business income tax bill. Here are seven year-end moves to consider, taking into account changes included in the Tax Cuts and Jobs Act (TCJA).

      Thanks to the TCJA, 100% first-year bonus depreciation is available for qualified new and used property that is acquired and placed in service in calendar year 2018. That means your business might be able to write off the entire cost of some or all of your 2018 asset additions on this year’s return.

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    11. Alan Greenspan on What Trump Gets Wrong and Sweden Gets Right

      Alan Greenspan on What Trump Gets Wrong and Sweden Gets Right

      The U.S. economy may be in midst of one of the longest recoveries ever, but Alan Greenspan says the economy doesn’t look so great—and is at risk of losing its greatness.

      The challenges Greenspan sees facing the economy are familiar ones, such as the ballooning deficit and the rising costs of entitlement programs such as Social Security and Medicare.

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    1-24 of 248 1 2 3 4 ... 9 10 11 »
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