He Missed Two RMDs and Received a $14,700 IRS Penalty He Couldn’t Afford
When you turn 73, the IRS doesn't ask whether you need the money in your retirement account—they require you to take it.
Warning: Fidelity, Vanguard, and Schwab All Charge Hidden Fees on Small IRA Balances
Yes, Fidelity, Vanguard, and Schwab all charge fees that reduce the value of small IRA accounts, though they don't always advertise them prominently.
New Study Found Age 59½ Withdrawals Still Carry a Tax Bill Most Retirees Underestimate
The good news at age 59½ sounds straightforward: you can withdraw from your retirement accounts without facing the 10% early withdrawal penalty.
At Least 1 in 4 Retirees Will Be Targeted by a Phone Scam This Year
While the specific "1 in 4" statistic requires further verification, the threat of phone scams to retirees is substantial and measurable.
She Caught a $27,500 Social Security Underpayment After Requesting Her Earnings Record
Many Social Security beneficiaries unknowingly receive less than they're entitled to, sometimes due to missing or incorrectly recorded earnings from years...
Fact Check: Are Target-Date Funds Actually Low-Risk Near Retirement? The 2022 Data Says No
No, target-date funds are not actually low-risk near retirement. The 2022 bear market exposed a fundamental disconnect between how these funds are...
At Least 37% of Retirees Return to Work Within Two Years Due to Financial Shortfalls
At least 37% of retirees are forced to return to work within two years of retirement, primarily because their savings and income sources fail to meet...
$4,300 Average Annual Savings From Senior Property Tax Freeze Programs
Senior property tax freeze programs offer eligible homeowners the ability to lock in their property tax assessments at current levels, preventing...
The New Jersey Pension Underfunding Crisis Explained in One Statistic That Will Shock You
The shocking statistic that explains New Jersey's pension crisis can be expressed in just four words: 33.9 cents on the dollar.
PBGC Benefit Guarantees: What Most Americans Don’t Know Could Cost Them Thousands
Most Americans with pension plans assume the Pension Benefit Guaranty Corporation (PBGC) will protect their retirement income if their employer's plan...