Is My Contribution Deductible?
With tax time fast approaching, I often encounter confusion about what can and cannot be done with traditional IRAs and defined contribution [DC] plans in different scenarios. So, here are […]
Retirement Funding In Transition
Three major forces are transforming the challenge of funding retirement. First, the massive Baby Boomer retirement wave is dramatically increasing the retiree population (FIG 2), adding about 10,000 new retirees […]
Trending in the Right Direction
Data from Fidelity Investments shows that the average balance of 401(k) accounts broke records after increasing to $99,900 in the third quarter. The average balance of IRAs also jumped to […]
Get Retirement Savings Back on Track
According to research from the Transamerica Center for Retirement Studies, 27% of U.S. workers have taken some form of loan, early withdrawal or hardship distribution from an IRA, 401(k) or similar […]
Rise of Female 401(k) Millionaires
I’ve written before about the higher barrier to retirement security facing women. The gender pay gap (which trickles down to effect savings rates and eventual Social Security benefits), potentially less […]