May 31, 2022 | Retirement Planning
Here’s how rising interest rates can affect your lump-sum benefits KEY POINTS Many companies that offer traditional pensions give workers the option to take their benefits as a lump sum instead of as an annuity. The higher the rate used to calculate a lump sum — to...
May 27, 2022 | Life Insurance
KEY POINTS Financial advisors weighed in on which types of insurance it’s appropriate to consider getting at each stage of life, from college years to retirement. Many said disability and life insurance were a good idea at any age. Getting married and starting a...
May 24, 2022 | Retirement Planning
could go higher. Here’s who would benefit KEY POINTS Required minimum distributions, or RMDs, are amounts that must be withdrawn annually from qualified retirement savings accounts. If the RMD age is raised to 75 from 72, it would provide more time to move assets...
May 20, 2022 | Retirement Planning
But they may wait years for those contributions to be their own KEY POINTS Vesting schedules — the length of time you must be at an employer for its 401(k) contributions to be 100% yours — can be as much as six years. The most common matching formula is 50 cents for...
May 17, 2022 | Investments
KEY POINTS American women will control the lion’s share of $30 trillion in financial assets owned by baby boomers by 2030. As more women embrace their economic power, they’re increasingly tackling the fundamentals of personal finance. Here are five things savvy female...
