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Deadline Nears for Businesses for State Retirement Savings Plan
Potentially thousands of businesses in the state have not yet complied with the rules of a new public retirement savings program.
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Deadline Nears for Businesses for State Retirement Savings Plan
Potentially thousands of businesses in the state have not yet complied with the rules of a new public retirement savings program. And a key deadline is just a week away. All businesses in the state with five or more employees that do not offer a qualified savings program are required to register for what’s called MyCTSavings by March 30. The…
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Soaring Inflation Is Hitting Retirement Savings Hard. Here's How Best to Manage Yours
As inflation soars to record highs, pensions are feeling the pinch, making it even more important to make sure yours is working for you.
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The Age for Required Withdrawals From Retirement Accounts Could Go Higher. Here's Who Would Benefit
Those required minimum distributions, or RMDs, would eventually kick in at age 75 instead of age 72 under retirement legislation being considered by Congress.
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If You're a New Retiree Whose Income Has Dropped, You May Need to Appeal Medicare Premium Surcharges
The tax return that’s used to determine whether you pay extra for Medicare premiums may not accurately reflect your income when you retire.
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House Passes ‘Secure Act 2.0.' Here's What That Means for Retirement Savings
The House of Representatives has passed the Securing a Strong Retirement Act, or Secure Act 2.0. It’s good news for many retirement savers.
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The Gender Wage Gap Could Cost Women Millions When They Retire
Lower earnings mean women miss out on an opportunity to invest and save for retirement, according to a new analysis from the Center for American Progress.
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Couples Who Pool Their Money Are More Likely to Stay Together, Research Finds
Whether or not couples keep joint accounts could make or break a relationship, according to research. Here’s why.
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Last Chance to Avoid a 50% Penalty on Required Withdrawals Is April 1 for Some Retirees
If you turned age 72 during the second half of 2021, the deadline for your first annual required withdrawal from retirement accounts is April 1, 2022.
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House of Representatives Set to Vote on Bill to Improve Retirement System. What to Know
The House of Representatives could vote on the Securing a Strong Retirement Act, or Secure Act 2.0, as early as Tuesday.
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Consumers Have Saved More Than $100 Billion in Health Savings Accounts
Health savings accounts are growing rapidly. They are available to consumers with a high-deductible health insurance plan and have a triple tax advantage.
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Biden's 2023 Budget Includes $14.8 Billion for Social Security. Here's What Changes That Could Bring
President Joe Biden’s 2023 budget could help fund service improvements for Social Security. Some groups had hoped to see more in the president’s proposal.
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There's Still Time for 2021 IRA Contributions, But a Tax Break Isn't Guaranteed. Here's What to Know
The deadline for 2021 traditional individual retirement account contributions is April 18. But there are special rules to qualify for a deduction. What to know.
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Vanguard Reclaims Top Target-Date Fund Manager Spot, Leapfrogs Fidelity and BlackRock
Until 2020, Vanguard had collected the most new investor money in target-date funds each year since 2008, according to Morningstar.
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The Pandemic Has Widened the Gap Between Women and Men's Retirement Savings. What to Know About Catching Up
Only 19% of women are confident they’re on track to retire without running out of money, according to TIAA. That’s compared to 35% of men.
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Here's the Average Tax Refund So Far This Year — and the 3 Best Places to Stash Yours
A tax refund offers a rare opportunity to build a safety net. Here are three ways to stretch the one-time payment.
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Assisted Living Communities Average More Than $4,000 Monthly. This Is Where They Are the Most and Least Costly
There can be big differences in the cost of assisted living facilities, depending on where the community is located.
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Investing in the Stock Market Is More Important Than Ever Amid Rising Inflation
Investing in equities is generally a good way to outrun inflation. However, some investors may be put off by current choppy markets.
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The Great Inflation Squeeze: Here's How Retirees Can Navigate Higher Prices
Inflation jumped 7.9% in February. That may have retirees on a fixed income concerned about getting by or running out of savings during their golden years.
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Financial Advisors Are Still Reluctant to Use Cryptocurrencies. Investor Demand May Change That
About 45% of advisors expect to use cryptocurrencies in the future in response to client requests, according to a report from Cerulli Associates.