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retirement planning

The High Cost of IRA Mistakes

So you think you don’t need/can’t afford an advisor? Have you considered the cost of making IRA mistakes? Even seemingly simple transactions are subject to rules and restrictions under the tax code. Did you contribute too much by mistake? This mistake cannot be corrected by simply withdrawing the excess amount. There are rules on how to fix the mistake. If you are not thoroughly familiar with the IRA rules, it is all too easy to make a mistake, and mistakes can be very costly.

Important Ages in Retirement Planning

Catch-up contributions for most retirement plans and IRAs can be made beginning in the year you are going to turn age 50. The only plan that does not allow catch-up contributions is the SEP IRA. The following are the catch-up limit amounts.

What TransAmerica Retirement Survey Says About Retirement Outlook

Last month TransAmerica released its 17th annual Retirement Survey of Workers. This year’s study, entitled Prospectives on Retirement: Baby Boomers, Generation X, Millennials, yielded some incredible information. Here are some of the most fascinating takeaways I found as I read through the study.

January's Top 10 Retirement Facts and Figures

Here's the 10 most amazing, surprising and/or illuminating facts about retirement that I read in January. Before each fact, you will find my own brief commentary, and after each fact, you will find the original article from which the fact was pulled should you be interested in further reading.

November's Top 10 Retirement Facts and Figures

Let's kick off the holiday festivities with a short list of 10 of the most amazing, surprising and/or illuminating facts about retirement that Jeffrey Levine read in November. Before each fact, you will find Jeff's brief commentary, and after each fact, you will find the original article from which the fact was pulled should you be interested in further reading. Happy Holidays!

5 Incredible Facts About the Current Retirement Market

According to recent statistics and government reports, retirement assets, and IRA assets in particular, are on the rise. Here are 5 incredible facts about the current retirement market.

Ed Slott's Retirement Road Map Now Airing Nationally

Ed Slott shows how to take retirement savings on a permanent vacation from taxes and avoid Uncle Sam in his new Public Television Special, Ed Slott's Retirement Road Map! This program is filled with the ingredients that made Ed's previous programs so successful - wisdom, humor and insight, helping viewers navigate the potholes, detours and road blocks to a prosperous and worry-free retirement. Learn how to move your retirement savings from accounts that are forever taxed to accounts that are never taxed.

The Cab Driver and His Retirement Plan

We are in Las Vegas for our 2-Day IRA Workshop. On my way from the airport to the hotel upon arrival, my cab driver and I got into an interesting discussion on retirement plans. Is there a retirement plan for cab drivers? Does Las Vegas temptation cause many to squander retirement savings?

New for 2015 - Changes in the Retirement Planning World

2015 has brought several important changes in the retirement planning world. From the once-per-year IRA rollover rule to QLACs and myRAs, IRA Technical Expert Beverly DeVeny highlights the key changes you must be aware of to retain current clients and capture new business in the new year.

A SEP IRA Does NOT Have to Be Set-up By Year-End

As we approach the end of 2014, we have been telling you about all of the things that you need to do with your retirement accounts before year-end. As if you weren’t busy enough at this time of the year, there are many things that must be done by December 31, 2014 to avoid problems and potential IRS penalties. Setting up a SEP IRA is not one of them.

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