Entries filed under 'Retirement'

    IRA Season: Be Careful Not to Over-Save

    February 4, 2016 2:00 PM by Brian Dobbis

    Rules governing excess contributions make it potentially costly to overfund an IRA.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    (Fifth in a six-part series)

    When it comes to IRAs, you can have too much of a good thing. And that’s a bad thing.

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    IRA Season: The Advantages of Roth IRAs

    January 28, 2016 2:30 PM by Brian Dobbis

    You can fund Roth IRAs at virtually any age, even with the intention of passing them on to heirs. Beneficiaries inherit the potential to withdraw the funds tax-free.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    (Fourth in a six-part series)

    Individuals who are approaching or already in retirement shouldn’t be discouraged from establishing retirement savings accounts later in life.

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    IRA Season: How Federal Tax Credits Can Help You Save for Retirement

    January 21, 2016 4:51 PM by Brian Dobbis

    While the middle class continues to get squeezed, the saver's credit still encourages moderate-income workers to contribute to employer retirement plans.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    (Third in a six-part series.)

    When it comes to retirement, anything that enhances your savings is gravy, especially when Uncle Sam is dishing it out.

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    IRA Season: Open to Almost Anyone

    January 14, 2016 2:20 PM by Brian Dobbis

    The three months leading up to the April 15 federal tax-filing deadline are considered peak IRA season. You still can make contributions for the year just ended, as well as for the new year.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    (Second in a six-part series)

    Old age is no place for the timid, to paraphrase a long-ago quote by the legendary actress Bette Davis. And that was before Individual Retirement Accounts (IRAs) caught on. Forty-one years after IRAs were signed into law, investors have sunk more than $7 trillion into such retirement vehicles. And they show no signs of slowing down. Total IRA assets are expected to reach $11.7 trillion by 2020, according to new research from global analytics firm Cerulli Associates. A significant portion of this growth is being fueled by rollovers from 401(k) and other workplace retirement plans.

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    IRA Season: Step up Your Retirement Planning in 2016

    January 11, 2016 10:06 AM by Brian Dobbis

    The long and winding road to retirement may be full of potholes, but now is the time to look at when and how to retire, as well as the key retirement deadlines and rule changes for 2016.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    (First of a six-part series)

    With the oldest baby boomers set to turn 70 in 2016, let’s flash back more than four decades to the birth of retirement savings accounts. That’s when President Gerald Ford signed into law the Employee Retirement Income Security Act [ERISA] of 1974, giving American workers unprecedented flexibility to accumulate assets for their golden years. That pension reform bill created the Individual Retirement Account, or IRA—a powerful savings tool with the potential for tax-deferred growth.

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