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Social Security Planning: Should You Apply Early or Wait?

By Robert Pagliarini on November 18, 2014

Now or later? When it comes to the question of Social Security income, the choice looms large. Should you apply now to get earlier payments? Or wait for a few years to get larger checks?  Consider what you know (and don’t know). You know how much retirement money you have; you may have a clear…

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Focus on the Positive? Here’s Our Take

By Robert Pagliarini on November 12, 2014

Are 90% of articles written about retirement pessimistic? Sometimes it seems that way. Repeatedly, we are reminded that most baby boomers haven’t saved enough for the future. There’s no denying this, but the media is giving short shrift to other, more positive developments that may be improving the economic and retirement outlook for many Americans.…

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The IRS Raises Retirement Plan Contribution Limits for 2015

By Robert Pagliarini on November 4, 2014

The IRS announced retirement plan contribution limits for 2015. A little inflation means a little adjustment. As the Consumer Price Index is up 1.7% over the last 12 months, the federal government is giving Social Security benefits a 1.7% boost for 2015 and lifting annual contribution limits on key pension plans as well. 401(k), 403(b),…

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Retirement Planning Tips at 50

By Robert Pagliarini on

When you turn 50, retirement starts to seem less abstract. In terms of retirement planning, a 50th birthday can act as a wake-up call. It may offer a powerful reminder to trailing-edge baby boomers and Gen Xers, many of whom are wrapping up their second act with inadequate retirement savings for their third. You may…

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How Much Can I Contribute to My 401(k) in 2015? (2015 Retirement Contribution Limits)

By Robert Pagliarini on October 23, 2014

Good news savers! The IRS announced today new 2015 retirement contribution limits for retirement accounts. Here’s what you need to know: 401(k) The elective deferral (contribution) limit for employees who participate in a 401(k) plan is increased from $17,500 to $18,000. The catch-up contribution limit for employees aged 50 and over who participate in 401(k) plans is…

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New IRS Ruling on IRA Rollovers of After-Tax Amounts

By Robert Pagliarini on October 14, 2014

Do you contribute to a qualified retirement plan at work, such as a 401(k), 403(b) or 457 plan? Does your account have a large balance? If so, you’ll be glad to hear about a new IRS ruling that may give you a nice tax break in the future. At some point in your life, you…

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Will the IRA Charitable Rollover Provision Finally Be Made Permanent?

By Robert Pagliarini on October 7, 2014

A great idea is hard to dismiss. Congress failed to extend the IRA charitable rollover provision into 2014. That took a terrific charitable gifting option off the table, a potential win-win for both non-profits and wealthy households with large IRAs. The IRA charitable rollover let traditional and Roth IRA owners age 70½ or older gift…

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Retirement Problems

By Robert Pagliarini on October 2, 2014

We know that qualified retirement plans and IRAs are prime long-range savings vehicles; we use them to accumulate assets and invest for the future. So why aren’t some of us amassing the retirement nest eggs that we should? Why did retirement account balances decline from 2010-13? Looking at Federal Reserve data, the influential Center for…

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The First RMD from Your IRA – What You Need To Know

By Robert Pagliarini on September 21, 2014

When you reach age 70½, the IRS instructs you to start making withdrawals from your Traditional IRA(s). These IRA withdrawals are also called Required Minimum Distributions (RMDs). You will make them annually from now on. If you fail to take your annual RMD or take out less than what is required, the IRS will notice.…

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Top Retirement Myths

By Robert Pagliarini on September 4, 2014

Generalizations about money & retirement linger. Some have been around for decades, and some new clichés have recently joined their ranks. Let’s examine a few of the top retirement myths. “When I’m retired, I won’t really have to invest anymore.” Many people see retirement as an end instead of a beginning – a finish line…

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