The passage of the SECURE Act in 2019 effectively eliminated the stretch IRA, an estate planning strategy that allowed an inherited IRA to continue growing tax deferred, potentially for decades. Most nonspouse beneficiaries,...
Ask our Medicare Coach | Medicare as a Retirement Strategy
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While reviewing your retirement strategy, it's important to consider enrolling in Medicare as part of your healthcare option. The program provides important preventative services and screenings at no charge while different parts,...
Q&A: How Do I Replace My Social Security Card?
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Chances are, you probably have your Social Security number memorized, so you may not have had to use your card in a while. However, there are times when you may be required to show your actual card, such as when you start a new...
Turning Retirement Savings Into Retirement Income
You've been saving diligently for years, and now it's time to think about how to convert the money in your traditional 401(k)s (or similar workplace savings plans) into retirement income. But hold on, not so fast. You may need to...
Tapping Retirement Savings During A Financial Crisis
As the number of COVID-19 cases began to skyrocket in March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The legislation may make it easier for Americans to access money in...
Do Target-Date Funds Hit the Bull's-Eye for You?
More than half of 401(k) participants have assets invested in target-date funds.1 These "all-in-one" funds are often the default option in workplace plans, and their apparent simplicity appeals to many investors. But...
Could You Survive A No Spend Month?
Would you take on a 30-day challenge to spend money only on necessities such as rent, utilities, and groceries? During a no-spend month, many common activities — including dining out, buying movie or concert tickets, and shopping...