Retirement Planning

The Internal Revenue Service has issued new guidance extending the time that executors have to elect portability.

It has long been debated whether it is ideal to save for retirement or first pay off one’s debts. What’s the best approach?...

If you are about to turn 70,and have delayed claiming Social Security retirement benefits up till now, you are joining an elite group, but it's important to know when and how to claim.

Elderlaw 101

President Biden has signed the latest COVID-19 relief bill, which in addition to authorizing stimulus checks, funding vaccine distribution, and extending unemployment benefits, also provides assistance to seniors in a number of ways. ...

Many employers offer critical illness insurance as part of their benefits package. What is this insurance, and is it worth purchasing? Before paying for a plan, you should read the fine print and consider alternatives. ...

If you are experiencing financial hardship due to the coronavirus pandemic, you may want to consider withdrawing money from your retirement account while you still can. The special exemption allowing early withdrawals without a penalty ends soon. ...

The rules around required minimum distributions from retirement accounts are confusing, and it’s easy to slip up. Fortunately, if you do make a mistake, there are steps you can take to fix the error and possibly avoid a stiff penalty.

Retirement account owners, many of whose retirement balances have been pummeled by a stock market drop due to the coronavirus pandemic, do not have to take mandatory withdrawals this year. ...

The $2 trillion economic relief package that Congress passed to help Americans deal with the devastating financial impact of the coronavirus pandemic contains some provisions that affect seniors.