Articles
-
1 week ago |
fool.com | Dana George
There's nothing easy about losing someone you care about, regardless of their relationship to you. Not only do you count on the important people in your life for emotional support, but you may also depend on them for financial support. If you've lost someone and you're eligible for Social Security survivor benefits based on their work record, it's important to ensure you're receiving the support you deserve.
-
1 week ago |
fool.com | Dana George
You're probably aware of required minimum distributions (RMDs) if you're retired or nearing retirement. But did you know that RMDs were first mandated in 1974, the same year individual retirement accounts (IRAs) were introduced as a savings vehicle for Americans without pensions? Given that Americans would spend decades making tax-deferred contributions to their retirement accounts, the government knew it would eventually need a way to collect taxes on the money -- and that's where RMDs come in.
-
1 week ago |
fool.com | Dana George
If you're nearing retirement and watching your retirement accounts take a swan dive, I feel your pain. My husband is about 48 months away from his dream retirement date, and while I have no desire to retire, I do want it for him. However, it's impossible to ignore the fact that the U.S. stock market has experienced more than $11 trillion in lost value since January. A bear market is officially declared when the S&P 500 declines 20% from a recent high.
-
1 week ago |
fool.com | Dana George
How great is it that a tax-deferred retirement plan allows you to invest pre-tax dollars? Such plans encourage saving for your golden years while reducing the taxes you owe. The only catch is this: When you invest in a tax-deferred retirement plan, you eventually must begin making withdrawals and pay taxes on the money withdrawn. Required minimum distributions (RMDs) are the minimum amounts you must withdraw from your accounts annually.
-
2 weeks ago |
fool.com | Dana George
One thing that makes most types of specialized retirement accounts so attractive is that investors don't have to pay taxes on the money they contribute to them until they begin making withdrawals. However, those withdrawals are not entirely voluntary.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →