Your Over The Hill Retirement Plan Bonus
Workers over 50 can contribute an extra $5,500 this year to their 401(k), 403(b), 457.
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Workers over 50 can contribute an extra $5,500 this year to their 401(k), 403(b), 457.
Sixty percent of employers offer some sort of retirement plan but only about fifty percent of employees take advantage of the plans offered.
According to the Employee Benefit Research Institute's latest study on borrowing, about 20% of IRA participants have outstanding loans from their plans.
The more money you have the more options you will have in retirement.
A rollover IRA is when you transfer money from a retirement account into an IRA.
Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking about what to do with the extra cash.
Congress and the IRS decided that you could not leave your pre-tax retirement savings growing forever tax-deferred, so they chose 70½ for you to begin your mandatory withdrawals.
The number I am looking for is actually 59½!
Age 55 seems to be a magical number; still young enough to travel or start another career.
Congress realized a couple of years back that most workers will not have enough retirement savings set aside for their golden years.
Tax law changes made several years ago put traditional retirement plans on an equal footing.
It sounds so good, borrow from yourself, and pay yourself back! When you do the actual calculations it doesn't work that neatly.
The contribution limits for 2012 for a 401(k), a 403(b) and a 457 plan is $17,000. The limit increases with the rate of inflation.
Your school loan payments won't start until 6 months after graduation and you will be eligible for a deduction on the interest you pay.
A new study from Boston College's Center for Retirement Research found fewer than half of American workers will have enough money to retire at age 65.
In order to retire comfortably, you have to do some planning.
If you are smart enough to start your own business, you should be smart enough to start a retirement plan as well!
A rollover IRA is when you transfer money from a retirement account into an IRA.
Many workers have stopped contributing to their retirement plans.
Retirement planning should start with your first job but it doesn't for most people!
In doing research on Dumb Money Moves I found a great list in a CNN article.
To get a head start on this year's taxes start planning now. Set up a filing system.
WBZ's Dee Lee tells you what you can and can't deduct on your income taxes.
My wife and I both turn 40 this year. We have about $300,000 saved in our retirement plans.
Congress and the IRS decided that you could not leave your pre-tax retirement savings growing forever tax-deferred, so they chose 70½ for you to begin your mandatory withdrawals.
The Archdiocese of Boston is clashing with a church in Dedham, Massachusetts over a nativity scene with an anti-ICE message.
The Boston Celtics cruised past Los Angeles 126-105 on Friday night, with the Lakers playing without LeBron James and Luka Doncic.
Eight states have laws making police body cameras mandatory. Massachusetts isn't one of them.
A 67-year-old man has been seriously injured after strong winds caused a tree to fall onto his car in Framingham.
The Watertown Boys & Girls Club is feeling the frustration after months of illegal dumping in their parking lot, a problem staff says is unnecessarily wasting money.
The Brian Walshe murder trial continued with a focus on his iPhone and text messages about his dead wife Ana.
The 2026 Men's World Cup draw is being revealed in Washington, D.C.
The Watertown Boys & Girls Club is feeling the frustration after months of illegal dumping in their parking lot, a problem staff says is unnecessarily wasting money.
Eight states have laws making police body cameras mandatory. Massachusetts isn't one of them.
A 67-year-old man has been seriously injured after strong winds caused a tree to fall onto his car in Framingham.
In an interview with CBS News, FDA Commissioner Dr. Marty Makary explains what went into the decision to drop the most serious warnings on hormone therapy for menopause.
Amy Cohen is running the New York City Marathon despite living with the painful effects of sickle cell disease.
Surgeons at Massachusetts General Hospital have removed a pig kidney from a New Hampshire man 271 days after the innovative transplant.
With two-year waiting lists for a primary care physician, Mass General Brigham is using AI to bridge the gap.
A new study finds that simply having a HEPA air purifier in the classroom may not be enough to keep students safe from respiratory illnesses.
Eight states have laws making police body cameras mandatory. Massachusetts isn't one of them.
A Massachusetts family got stuck with a bill for a damaged tire on their rental car, even though they bought the extra coverage.
I-Team sources say the allegations of misconduct involving Canton Police Sgt. Sean Goode stem from an investigation into former State Police Trooper Michael Proctor.
Customers have been telling the I-Team that the service has not been as advertised with delays and equipment problems.
Advocates for Pappas Rehabilitation Hospital in Canton say the state is failing to keep its promise to keep the facility open.
Both the Trump and Healey administrations are using government websites to blame each other for the shutdown.
Which party stands to take more of the blame from voters for the government shutdown? Here's what a new poll says.
A UNH Survey Center/Granite State poll shows John Sununu crushing Scott Brown by 23 points among likely primary voters in New Hampshire.
Seth Moulton said he's running against Sen. Ed Markey because "our party leaders are clinging to that old playbook."
Maine Governor Janet Mills' run for Senate comes with an unusual promise - she will only serve one six-year term.
Ocean Spray is looking into videos that claim to show its cranberry sauce cans full of water instead of jelly.
"Blue laws" in Massachusetts prevent most retailers, including grocery stores, from opening on Thanksgiving.
Two shuttered retailers are set to become supermarkets in southeastern Massachusetts.
The Michelin Guide revealed its 2025 "Northeast Cities" edition Tuesday night, and for the first time ever it spotlighted restaurants in the Boston area.
A new report from a nonprofit consumer organization highlights two grocery store chains in Massachusetts for their quality and price.
Just steps from the water's edge along Lake Winnipesaukee, a spectacular estate mixes modern architecture with breathtaking views.
An innovative craft winery located in downtown Meredith, New Hampshire, Hermit Woods is taking a different approach to winemaking.
Located on the water's edge along New Hampshire's Lake Winnipesaukee, Mill Falls blends elegant luxury with spectacular vistas.
Kohler Store by Supply New England and an interior designer showcases how beauty and functionality can breathe new life into a project.
James Beard-nominated pastry chef and co-founder of Bakey in Boston gives insight on how to make his world-famous babka.
The Boston Celtics cruised past Los Angeles 126-105 on Friday night, with the Lakers playing without LeBron James and Luka Doncic.
The 2026 Men's World Cup will be held across the United States, Canada and Mexico next summer.
Derrick White scored a season-high 30 points and the Boston Celtics routed the Washington Wizards 146-101 on Thursday night.
Paval Zacha scored twice, Joonas Korpisalo made 37 saves and the Boston Bruins beat the St. Louis Blues 5-2 on Thursday night.
The Pirates have traded pitcher Johan Oviedo to the Red Sox for outfielder Jhostynxon Garcia as part of a five-player deal.
Birders are flocking to Scituate, Massachusetts to catch a glimpse of a tropical bird called a limpkin, which has never been spotted in New England before.
A rescue group is blaming a "dangerous" TikTok trend for a surge in skiers getting lost in the backcountry at Vermont's Stowe Mountain Resort.
A North Atlantic right whale spotted off Ireland last year has made an "extraordinary" 3,000-mile journey to Boston, scientists say.
A bald eagle found bloodied in Fitchburg, Massachusetts was likely hurt in a bird fight and not shot as first suspected.
A little owl somehow ended up in the bathroom of someone's home in Barnstable, Massachusetts.