What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question.1. Living on debt2. Prioritizing saving for retirement3. Extending life of gas grill4. What happens in August?5. More on sanded …
Read More »Photo by sirtravelalot / Shutterstock.com The IRS has good news for those who already took a required minimum distribution, or RMD, this year but now are having second thoughts. Earlier this year, passage of the federal Coronavirus Aid, Relief, and Economic Security Act, better known as the CARES Act, gave …
Read More »Photo by fizkes / Shutterstock.com If you like receiving paper 401(k) and pension statements, you need to act fast before they disappear. A new U.S. Department of Labor rule lets private sector retirement plan administrators default to sending required retirement-plan documents via electronic media: email, texts and websites. While you …
Read More »Photo by Giulio_Fornasar / Shutterstock.com By and large, Americans of all ages believe they are building healthy nest eggs that will support them through a long retirement. In fact, 60% of all workers say they are piling up savings adequate to last through their golden years, according to the 20th …
Read More »How’s that retirement fund going? If you’re like a lot of workers, you may have doubts about whether you’ll have enough money tucked away to avoid spending your final years living on ramen noodles. Just 23% of respondents said they were “very confident” they would have enough money for a …
Read More »Photo by Aaron Freeman / Money Talks News Not so long ago, for many Americans, retirement was a breeze. That’s because when retirement rolled around, your employer gave you a guaranteed monthly income for life — in short, a pension. That, along with Social Security, meant a safe, secure retirement. …
Read More »Photo by JKstock / Shutterstock.com Are you wondering how the changes in your retirement account balances lately stack up next to other savers’ results? Fidelity Investments’ latest quarterly analysis of trends in its customers’ retirement accounts can give you an idea. It includes account balances as of March 31 for …
Read More »Photo by Krakenimages.com / Shutterstock.com If you’re anywhere near retirement age, you likely have retirement questions, especially when it comes to money. Questions about when to take Social Security; how to invest, both before and after retirement; whether you should pay off your mortgage prior to retiring; questions about annuities; …
Read More »Photo by Elnur / Shutterstock.com When it comes to retirement, there’s rarely one right answer — especially since the federal government may move targets or use variables that can be confusing. Case in point: The point at which many people are forced to start withdrawing money from most types of …
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