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 Trump administration is investigating a Massachusetts school district after a couple accused a school counselor of aiding their biological daughter's efforts to become transgender without their consent.
Michael Desronvil, the lone holdout juror in the high-profile Lindsay Clancy murder trial, said he "didn't have any doubts" during deliberations.
Police in Holbrook, Massachusetts, are looking to track down the driver involved in a hit-and-run that sent a 15-year-old girl to the hospital.
A New Hampshire judge dismissed the latest petition for a new trial from Pamela Smart, who is serving life in prison for orchestrating the murder of her husband by her teenage student in 1990.
Amazon is looking to expand its drone delivery service in Westboro, Massachusetts. Some vocal residents are not thrilled about the plan.
Ross Douthat's interview with Patrick Clancy and Dr. Rachel Danis airs Sunday on 60 Minutes.
A legal expert says prosecutors and defense attorneys involved in Lindsay Clancy's case will watch the interview closely.
Police in Holbrook, Massachusetts, are looking to track down the driver involved in a hit-and-run that sent a 15-year-old girl to the hospital.
Michael Desronvil, the lone holdout juror in the high-profile Lindsay Clancy murder trial, said he "didn't have any doubts" during deliberations.
The Trump administration is investigating a Massachusetts school district after a couple accused a school counselor of aiding their biological daughter's efforts to become transgender without their consent.
Last year, insurance companies in Massachusetts said they would stop covering GLP-1s when used specifically for weight loss.
In Massachusetts, one high school explained steps it has taken to try and reduce head injuries.
This year, ER visits for tick bites have increased dramatically, corresponding with a new threat: a rise in Alpha-gal syndrome (AGS), where one bite from a lone star tick can make you violently allergic to red meat. How can you best avoid tick bites?
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Sydney Towle, known for her social media content about living with a rare form of cancer called cholangiocarcinoma, died Wednesday in Bethesda, Maryland.
A former FAA special agent says the 9/11 attacks never should have happened because the government was aware of the vulnerabilities.
According to I-Team sources, a Massachusetts State Police trooper allegedly targeted his former girlfriend with racist messages after she began dating a man of color.
Massachusetts State Police have opened an internal affairs investigation after an alleged sexual assault at the department's Oak Bluffs barracks, the WBZ-TV I-Team has learned.
After a man sold his pickup truck on eBay he said the company held onto half his money - nearly $12,000. Here's how it was resolved.
A windshield replacement error knocked out the safety features in Meg Burke's car. When she paid nearly $500 to get it fixed, she couldn't get Safelite to pay her back, so she called the I-Team's Call for Action.
Jon Keller said it's a mistake to think that young people will automatically gravitate to a younger candidate in Massachusetts.
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.
The immersive WNDR Museum in Boston's Downtown Crossing is set to close down just two years after it opened.
Panera Bread is moving its headquarters from St. Louis to Weston, Massachusetts.
Breaking Grounds Cafe, a Peabody, Massachusetts coffee shop known for employing people with disabilities, is closing.
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.
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.
North Carolina defensive coordinator Steve Belichick, the son of head coach Bill Belichick, has resigned from his position as the school concludes a probe into its football program.
The surging Texas Rangers beat the Boston Red Sox 7-3 on Wednesday night to pull even with Houston atop the AL West.
Jacob deGrom struck out eight in five innings, Corey Seager had a two-run single and the Texas Rangers beat the Boston Red Sox 4-2 in a series opener between playoff contenders.
Payton Tolle opened the game with an immaculate inning, Roman Anthony hit a go-ahead single and the Boston Red Sox beat the Kansas City Royals 4-1 on Sunday.
The bad news for the New England Patriots continues to get worse when it comes to wide receiver A.J. Brown's ankle injury.
A two-headed turtle on Cape Cod has veterinarians seeing double.
Video of a "birdnado" shows thousands of tree swallows preparing to migrate south in Newburyport, Massachusetts.
A magazine borrowed from the Concord Public Library in New Hampshire 132 years ago has finally been returned.
A blue marlin weighing 1,260 pounds was caught by a charter fishing boat off Massachusetts.
Natick says it is installing a new floating boardwalk across Pickerel Pond.