Retirement Planning

Clark—Seventh Circuit Case Questions Inherited Retirement Plan Protection in Bankruptcy

Tue, 21 May 2013 19:25:00 +0000

The court halts a strong recent trend

Edwin P. Morrow III outlines a recent opinion in which the U.S. Court of Appeals for the Seventh Circuit halted a strong trend in the courts to protect inherited retirement plans in bankruptcy

Taxpayer Hit With Additional Tax and Accuracy-Related Penalties

Fri, 17 May 2013 19:28:00 +0000

First-time home purchase exception inapplicable; notice of deficiency upheld

In Ung v. Commissioner, the Tax Court ruled in favor of the IRS, holding that a taxpayer: 1) didn’t qualify under any exception and was therefore liable for the 10 percent additional tax for early distributions from her retirement plans; and 2) was liable for accuracy-related penalties.

REFILE-Retirement healthcare costs decline: Fidelity

Thu, 16 May 2013 17:51:16 +0000

By Mark Miller

CHICAGO, May 15 (Reuters) - Healthcare costs put a big squeeze on retiree pocketbooks, but the grip may be relaxing a bit.

What Should You Say to Reluctant Retirees?

Thu, 16 May 2013 14:07:00 +0000

Even though clients may be financially ready to retire, they may need a little push to make the move. Here are some words of wisdom for clients with cold feet.

The Reluctant Retiree

Thu, 16 May 2013 13:38:00 +0000

Clients who are financially ready to retire may still need some words of encouragement.

Generational Dependence: Helping Clients Cope

Fri, 10 May 2013 13:22:00 +0000

A growing number of families are supporting both adult children and aging parents—forcing financial advisors to rewrite their clients’ playbook. Here’s how.

Dividing an Individual Retirement Account into Distinct Sub-IRAs

Wed, 08 May 2013 19:52:00 +0000

Internal Revenue Service answers four questions

An administrator wanted to divide the IRA into four equal shares through four trustee-to-trustee transfers, thereby creating four inherited sub-IRAs.

Gallery: Retirement Planning Snapshot

Tue, 07 May 2013 14:23:00 +0000

Health Concerns Top List of Retirement Worries in U.S.

Mon, 06 May 2013 12:59:00 +0000

Reuters

Health problems and the cost of healthcare are the biggest concerns for those entering retirement, according to a study released on Monday from Bank of America Corp's Merrill Lynch.

Retirement and Health Care: Bad Rx

Fri, 12 Apr 2013 13:55:00 +0000

You and your clients are likely underestimating how much will be spent on health care during retirement. Here’s how to predict the costs.