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.
After his draft stock dipped due to an injury, Brody Bumila was selected in the third round of the MLB Draft and agreed to join the Texas Rangers.
A small plane crashed into Curlew Pond in Plymouth, Massachusetts Thursday morning.
Residents along Wampatuck Road in Quincy, Massachusetts say speeding and late-night street racing have plagued their neighborhood for decades.
An air quality alert has been extended through Thursday in Massachusetts.
The debate over changing the clocks twice a year is back in the spotlight after the U.S. House overwhelmingly passed the Sunshine Protection Act this week.
A small plane crashed into Curlew Pond in Plymouth Thursday morning.
The air quality index for the Boston area and Massachusetts remains unhealthy for sensitive groups due to wildfire smoke from Canada.
After his draft stock dipped due to an injury, Brody Bumila was selected in the third round of the MLB Draft and agreed to join the Texas Rangers.
Residents along Wampatuck Road in Quincy, Massachusetts say speeding and late-night street racing have plagued their neighborhood for decades.
Giant Lion's Mane jellyfish are becoming a popular sight at Massachusetts beaches this summer.
Massachusetts is reporting cases of cyclosporiasis, a disease caused by a stomach parasite that can lead to "explosive" diarrhea.
Many people fear that a family history of dementia dooms them to inevitably suffer the condition themselves. But a new tool, the Brain Care Score, shows how lifestyle changes can be beneficial, cutting the risk of dementia.
There was a possible measles exposure at Logan Airport in Boston last week, Massachusetts health officials say.
A new study finds that a simple blood test could predict Alzheimer's disease long before symptoms appear.
The Lone Star tick, which can cause alpha-gal syndrome, is spreading north throughout Massachusetts.
With the Brigham and Women's Hospital nurses strike looming, some parents of newborns in the NICU are sounding the alarm.
A Malden, Massachusetts woman said National Grid took more than $28,000 out of her bank account for a gas bill that she didn't owe.
A Massachusetts family thought their Vrbo stay would be protected after they had to cancel their trip to Hawaii due to severe weather. Now they're out $12,000.
A driver from Southboro, Massachusetts struggled for months to unravel a frustrating mix up with his E-ZPass account.
The gunman who allegedly opened fire on passing cars on Memorial Drive in Cambridge, Massachusetts is 46-year-old Tyler Brown from Boston.
Barney Frank, a Democrat who represented Massachusetts in Congress for 32 years, has died. He was 86 years old.
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."
The buildings that house the Somerville Theatre and the Capitol Theatre in Arlington, Massachusetts are for sale.
Golden Temple and Party Favors in Brookline are closing after a combined 100 years in business.
There are no more Hooters restaurants left in Massachusetts.
There's a proposal in Cambridge to limit customers at bars and restaurants to one drink every 30 minutes.
Boston Dynamics is expanding with a new robotics and AI center in Waltham, Massachusetts.
Beauport, the Sleeper-McCann House has become one of New England's most imaginative seaside estates.
Blending clean modern lines with the warmth of a classic seaside retreat, this stunning North Shore coastal home was designed to feel both elevated and inviting.
Set across thirty acres of rolling lawns, wooded trails, and contemporary outdoor art, deCordova Sculpture Park and Museum invites visitors to experience art in the landscape.
James Beard Award-winning chef and restaurateur Karen Akunowicz has become known for her bold, Italian-inspired cooking and unmistakable culinary voice.
Just a short drive from Newport, the Norman Bird Sanctuary spans 300 acres of fields, forests, and coastal trails with sweeping views and more than six miles of hiking paths.
After his draft stock dipped due to an injury, Brody Bumila was selected in the third round of the MLB Draft and agreed to join the Texas Rangers.
Dylan Cease struck out the side in the first inning, combining with 10 relievers on a three-hitter in a show of pitching dominance that led the American League to a 4-0 win over the National League in the All-Star Game.
Jordan Walker played spoiler in Philadelphia and homered on his last six swings to defeat Phillies slugger Kyle Schwarber at Citizens Bank Park.
The Boston Red Sox have won 14 of 16 and climbed from last in the American League to within a half-game of the final wild card spot.
The Red Sox extended their winning streak to nine by beating the New York Mets 3-2 Sunday.
An injured hiker had to be carried off a New Hampshire mountain on a stretcher, but that didn't stop her from getting engaged.
A seal pup was spotted hanging ten on a boogie board off the cost of Maine this Fourth of July.
Avi Loeb, a Harvard astronomer who has made headlines with his theories about alien encounters, will lead a White House scientific advisory council on UFOs.
Haggis is not on the menu in Boston for the World Cup, despite what Gov. Healey told Scotland supporters in a lighthearted social media video.
There have been multiple sightings of a black bear in some unusual locations on the seacoast of New Hampshire and in southern Maine.