Category: Loving Retirement

  • Senior woman and younger woman in a serious financial consultation, both taking notes at home

    Required Minimum Distributions 

    What are required minimum distributions (RMDs)?  Required minimum distributions, often referred to as RMDs or minimum required distributions, are amounts that the federal government requires you to withdraw annually from traditional IRAs and work-based retirement plans after you reach age 73 (75 for those who reach age 73 after December 31, 2032; prior to December…

  • A woman in an orange top reviewing a document at her desk with a laptop and coffee nearby

    Understanding IRAs 

    An individual retirement arrangement (IRA) is a personal savings plan that offers specific tax benefits. IRAs are one of the most powerful retirement savings tools available to you. Even if you’re contributing to a 401(k) or other plan at work, you might also consider investing in an IRA.  What types of IRAs are available?  The…

  • Senior woman with short gray hair and glasses working at a desktop computer in a bright, modern office

    Health Insurance in Retirement 

    At any age, health care is a priority. When you retire, however, you will probably focus more on health care than ever before. Staying healthy is your goal, and this can mean more visits to the doctor for preventive tests and routine checkups. There’s also a chance that your health will decline as you grow…

  • Two business colleagues — a woman and a man — reviewing content on a tablet in an office

    What are catch-up contributions?

    If you are 50 or older, or you will reach age 50 by the end of the year, you may be able to make contributions to your IRA or employer-sponsored retirement plan above the normal contribution limit. Catch-up contributions are designed to help you make up any retirement savings shortfall by bumping up the amount…

  • Diverse group of five young colleagues gathered around a table for a casual team meeting

    Social Security Retirement Income: a Primer

    What role does Social Security play in your retirement income strategy?  As you near retirement, it’s likely you’ll have many questions about Social Security. How much will your retirement benefit be? When should you apply? Will earnings from a part-time job affect your benefit? Social Security has always been a major source of income for…

  • A women in white shirt explain to customer

    Rollovers from Employer-Sponsored Retirement Plans

    If you withdraw cash or other assets from an employer-sponsored retirement plan (“employer plan”) in an “eligible rollover distribution,” (defined below) you can defer paying tax on the distribution by rolling all or part of it over to another employer plan or to a traditional IRA. You don’t include the amount rolled over in your…