IRA inheritors should touch nothing until they understand the tax consequences, which can be irrevocable, says IRA expert Ed Slott.
Benz for Morningstar.com. Retirement planning can be complicated, and ..... Joining me to discuss some key retirement - planning pitfalls is Tim Steffen ..... terrific piece highlighting 10 retirement - planning mistakes that folks often
give you the lowest tax cost over that multiyear period. Benz: You also had some tips for folks in the realm of retirement planning and the way that it intersects with tax planning. Let's talk about some key tips for folks who are still accumulating
Keep rebalancing, RMDs, fund capital gains, and account-funding deadlines in mind during your portfolio review, says Morningstar's Christine Benz.
Automatic enrollment has pushed participation rates in Vanguard employer-sponsored plans above 75%, but the average contribution rate has dipped, according to Vanguard's annual How America Saves study.
By income band, women are about 10% more likely to participate in a company plan--and to save at a higher rate--than men, says Vanguard's Jean Young.
A Goldilocks market, falling investment costs, and a few remaining pockets of value make the list this year.
Pre-retirees should investigate long-term care insurance and HSAs as ways to hedge against health-care cost inflation and longevity risk in retirement, says Fidelity's John Sweeney.
With the recent recession resulting in losses for millions and changing legislation impacting several facets of retirement planning , discussing a retirement plan with a financial advisor is a must. A good advisor compares every plausible scenario
Don't forget to top up tax-advantaged accounts and mind taxes as you rebalance your portfolio and stage your RMDs, says Vanguard's Colleen Jaconetti.