Retirement isn’t for everyone. If health holds out, some people want to keep working. Just ask Attorney Martin Katz, whose remarkable career was covered in a recent Associated Press article. At the age of 99, Katz works as a special…
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I was contacted some months ago by “Patricia.” She had read my Palm Beach Post article about 401K beneficiaries and it immediately reminded her of a situation that had occurred in her own family. She suggested my readers would benefit…
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The Obama Administration introduced the myRA program in 2014. Designed to help low- to middle-income earners with no workplace retirement plans begin saving for retirement, the myRA program was open to married couples and individuals with adjusted gross incomes up…
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As I explained in this June 2016 post, a Department of Labor policy, originally set to go into effect April 1, requires brokers giving advice on retirement accounts to put their clients’ best interests above their own. For example, given…
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Taxpayers rolling over a distribution from an IRA or other retirement account into another account must complete the rollover within 60 days of taking the distribution, or face paying income tax on those funds. In the past, if you failed…
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Federal law requires a financial advisor to put the client’s best interest first when providing advice on tax-advantaged retirement accounts. Believe it or not, that was NOT the law until just recently. But it is today In the past, financial…
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It’s no secret: There’s a student debt crisis in this country. But who imagined that student debt is a growing problem for the senior population? While few households headed by individuals 65 or older carry student loans, there has been…
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