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.
Jaylen Brown scored 30 points and the Boston Celtics made 20 3-pointers in a 140-122 victory over the Indiana Pacers on Friday night.
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Massachusetts State Police arrested a Worcester resident after troopers say they were driving the wrong way on Interstate 95 and several communities on Christmas Day while under the influence of drugs.
With President Trump declaring Dec. 26 a federal holiday, here's what's open and closed on Dec. 26.
Massachusetts State Police arrested a Worcester resident after troopers say they were driving the wrong way on Interstate 95 and several communities on Christmas Day while under the influence of drugs.
The New England Patriots will be shorthanded as they look to win their 13th game of the season and keep their hopes for the No. 1 seed in the AFC playoffs alive.
First responders working the holiday shift helped deliver baby boys in Medford and Stoughton on Christmas morning.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
Firefighters in Portland, Maine spent hours battling a fire the city’s Old Port District.
Flu is on the rise in Massachusetts, just as people are starting to gather for the holidays.
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.
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A Massachusetts family got stuck with a bill for a damaged tire on their rental car, even though they bought the extra coverage.
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Advocates for Pappas Rehabilitation Hospital in Canton say the state is failing to keep its promise to keep the facility open.
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Seth Moulton said he's running against Sen. Ed Markey because "our party leaders are clinging to that old playbook."
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Circle Furniture appears to have suddenly closed all of its stores right before Christmas.
The overpowering scent of Dunkin' donuts in the air has some Haverhill residents complaining.
Ice Castles in North Woodstock, New Hampshire is opening unusually early this year.
The Massachusetts Cannabis Control Commission unanimously approved regulations to allow for legal marijuana use in public settings.
The model airplane and balsa wood glider company Guillow's has been headquartered in Wakefield for nearly a century.
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.
Jaylen Brown scored 30 points and the Boston Celtics made 20 3-pointers in a 140-122 victory over the Indiana Pacers on Friday night.
The New England Patriots will be shorthanded as they look to win their 13th game of the season and keep their hopes for the No. 1 seed in the AFC playoffs alive.
The Montreal Canadiens ran away from the Boston Bruins 6-2 on Tuesday night.
The Patriots had two players make the Pro Bowl roster, but they had another noteworthy snub.
The Boston Celtics rallied from a 20-point, second-half deficit for a 103-95 victory over the Indiana Pacers.
The overpowering scent of Dunkin' donuts in the air has some Haverhill residents complaining.
Alex Cornwell's display of nearly 300 Christmas inflatables is attracting visitors from around Massachusetts.
Police are looking for whoever opened fire on inflatable Christmas decorations in Bow, New Hampshire.
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.