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Retirement account penalties can be costly
Accessing retirement accounts before age 59½ can prove costly, usually resulting in a penalty of 10 percent of the amount withdrawn. While many savers do ... -
Flexible spending accounts can help tax burden
Year-end is an ideal time to assess your benefit options for 2014 including life, health, and other cafeteria plans that may help reduce your tax ... -
When to take distributions from your retirement plan
With only two months remaining in the year, seniors with retirement accounts must be sure their required minimum distributions (RMDs) are in order and taken ... -
Debt deal sets up next fiscal fight
The last-minute debt deal reached by Congress on Oct. 17 reopened the government, extended the debt ceiling and averted a default. While many analysts and ... -
Nation is on edge of default
The United States is set to reach its borrowing limit on or around Thursday. While the recent reduction in spending as a result of the ... -
In search of tax-friendly states for retirees
For many retirees, retirement is a bit more challenging than they thought. Interest rates have been low, investment returns have been volatile and health-care costs ... -
Should you buy long-term care insurance?
The costs associated with providing nursing care continue to soar. According to Genworth’s 2013 Cost of Care Survey, the median cost for private nursing home ... -
Five steps to financial prosperity
After experiencing one of the most challenging financial periods in our nation’s history, Americans have begun to dig themselves out. The unemployment rate is slowly ... -
Watch these factors when watching the markets
As the stock market reaches new highs and housing continues to improve, it is critical for investors to avoid complacency. From the Federal Reserve and ... -
There are tax breaks for working parents
The summer months present scheduling challenges for many working parents, as arrangements are made for child care while school is out. From daycare to day ...
