Can a longevity annuity help protect you against the risk of outliving your retirement savings? Learn how these annuities work and who can benefit from them (and who may not need them) and how they can fit within your financial plans in this article for AARP.
Retirement Savings for Freelancers: Solo 401(k) vs. SEP IRA
Self-employed people can still save for retirement even if they don’t have a job with a 401(k). You usually have two main options: a simplified employee pension (SEP) or a solo 401(k). This U.S. News & World Report article explains how these plans work and strategies to help you make the most of their tax advantages.
Why You Should Have a Roth IRA During Turbulent Times
A Roth IRA can be particularly valuable during volatile times — your earnings grow tax-free for retirement, but you can withdraw your contributions without penalties or taxes anytime, doubling as a back-up emergency fund. Learn about the special Roth benefits in this AARP article.
Filling in the Retirement Income Gap
I enjoyed talking about strategies for filling the retirement income gap with Consuelo Mack on PBS’s WealthTrack.
5 Things You Need to Know About Required IRA Withdrawals
If you’ve been saving for years in a traditional IRA or a 401(k), you’ve benefited from the tax-deferred growth of your investments. But you’ll finally have to pay Uncle Sam when you take the money out — and the rules changed recently. The following strategies can help you minimize taxes, avoid penalties, and make smart decisions when you have to start taking IRA withdrawals. Make the most of the new rules for RMDs. Two recent tax laws made major changes to the RMD rules. In the past, you had to start taking withdrawals from your traditional IRAs and 401(k)s …