Retirement Savings

Simply guessing about retirement income needs is a plan for disaster. Investors who want to save enough for their golden years should use a few powerful but simple tools.

Dec 9, 2009 - James Brumley

As Social Security and pension payouts shrink, workers will rely more on individual retirement accounts, or IRAs. Here's where retirement income will come from.

Nov 10, 2009 - James Brumley

Retirees need to decide whether or not to take a lump sum payment from their pension. In many cases, the disadvantages of a lump sum far outweigh the benefits.

Nov 7, 2009 - John Wu

A challenging economy and dwindling retirement pensions have people wondering how long their retirement money can last. Investment income is more important than ever.

Nov 7, 2009 - Mark Dennis

A 457b retirement plan is a tax deferred plan offered to government employees and employees of qualifying tax exempt organizations.

Oct 31, 2009 - Candice Gillingwater

A 401k plan can be cashed out early due to financial hardship, but the IRS requires that strict guidelines be met prior to an employer approving a hardship withdrawal.

Oct 22, 2009 - Candice Gillingwater

A 401k retirement investment plan can only be cashed out under certain circumstances and doing so may result in penalties.

Oct 16, 2009 - Candice Gillingwater

The fear is among us. The recession may be dying, but the national deficit is looming over us like a nagging mother-in-law. Now is the time to save.

Sep 30, 2009 - Parker Noble Amis

Many employees are contributing to their 401K plans, receiving quarterly statements, and ignoring these statements because they are uncertain of what to do.

Sep 29, 2009 - Robin Crauthers

Defined contributions pension schemes are effectively personal saving plans. Because they are used to save specifically for a pension they have specific tax advantages.

Sep 13, 2009 - Andrew Knowles

A self invested personal pension plan offers individuals greater control over how their pension cash is used. But it is important to take SIPP advice in advance.

Sep 10, 2009 - Andrew Knowles

Taking money from an RRSP before retiring is usually not a wise financial decision, but sometimes unexpected situations may arise that make it a necessary consideration.

Sep 3, 2009 - Dylan Flanagan

Longer life expectancy, the cost of health care and increased cost of living unfortunately means that many people will not have enough money to retire as they would like.

Aug 21, 2009 - Fleur Hupston

Investing for retirement takes patience and persistence but it doesn't have to be difficult. Options like annuities, stocks, and home equity keep retirement funds safe.

Aug 21, 2009 - Victoria Anisman-Reiner

Not sure where to start when it comes to retirement income planning? Figure out the best retirement investment strategies & how much income will be needed for retirement.

Aug 20, 2009 - Victoria Anisman-Reiner

A recent tax code change allows anyone to convert from a traditional IRA to a Roth IRA in 2010, temporarily lifting the adjusted gross income restriction.

Aug 8, 2009 - Mark Dennis

Many Americans fear that Social Security income may not be available when they are ready to retire. Several factors indicate the Social Security system is here to stay.

Aug 5, 2009 - Mark Dennis

For qualified U.S. taxpayers, a frequently overlooked credit may assist in saving money for retirement. Here's how.

Jul 1, 2009 - Daniel Gansle

Spousal IRAs are for married couple filing jointly when only one of the partners is working. The working spouse can contribute to his partner's IRA.

May 18, 2009 - Swapna Antony

Borrowing from a 401(k) may seem like easy money- too easy. However, taxes and IRS penalties can dramatically increase the cost of this "easy" money.

May 16, 2009 - Mark Dennis

A report from the federal government said that Social Security funds, backed by trust fund bonds, could run out by the year 2036.

May 12, 2009 - Marc Daley

Retirement income planning for Canadians usually involves a Retirement Savings Plan or RSP. BMO Financial offers five tips to top up that retirement income.

May 11, 2009 - Thomas Alan Gray

April 15 has come and gone and it is time to start planning for 2009 IRA contributions.

May 2, 2009 - Swapna Antony

Companies no sooner succeeded in getting their employees to regularly invest in their defined contribution plans, when market promptly tanked. Is it time to reallocate?

Apr 30, 2009 - Dean Lundell

Saver's credit, a non-refundable tax credit aimed at boosting the retirement savings of low-to-middle income families, is a great incentive for building a nest egg.

Apr 23, 2009 - Swapna Antony