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.
Coby Mayo hit a bases-clearing double in a six-run first inning to help the Baltimore Orioles beat the Boston Red Sox 8-2 on Thursday.
Friday is National Donut Day. Here's where to find free donuts and more deals in Massachusetts.
The northern lights could be visible in parts of Massachusetts tonight due to several huge solar flares.
Steven Dana is charged with attempted murder after police said he tried to murder a 21-year-old man at Sandy Beach in Hopkinton, Massachusetts
Boston is setting up a special events command center in the Seaport to help coordinate security for the 2026 World Cup and Sail Boston.
The lawsuit filed by Karen Read against State Police and Canton Police allegedly revealed a long history of disturbing texts.
Karen Read has filed a lawsuit against State Police and Canton Police, alleging "a culture of bias and corruption."
The northern lights could be visible in parts of Massachusetts tonight due to several huge solar flares.
Officer Nicholas O'Malley pleaded not guilty Thursday to a voluntary manslaughter charge following a deadly shooting in Roxbury last spring.
Steven Dana is charged with attempted murder after police said he tried to murder a 21-year-old man at Sandy Beach in Hopkinton, Massachusetts
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.
Boston's cold and snowy winter might have an effect on this year's pollen allergy season.
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.
There have been four violent attacks in three weeks at Tewksbury Hospital and a state representative is taking the fight to Beacon Hill to give security the non-lethal equipment back.
A family is demanding answers from the Gloucester, Massachusetts school district, after learning their five-year-old son was left alone in a quiet room for nearly half an hour.
A nurse says the decision is leaving the staff and patients at Tewksbury Hospital vulnerable to serious injury.
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."
An Amazon employee is accused of stealing hundreds of items from a warehouse in Bridgewater, Massachusetts.
Clover Food Lab, which has about a dozen vegetarian fast-food restaurants in the Boston area, is closing.
A proposed bill would push back "last call" so Massachusetts bars could stay open until 3 a.m. for the 2026 FIFA World Cup.
Dover Saddlery is closing its Wellesley, Massachusetts store and preparing for more than 100 layoffs.
The "dirty soda" trend is coming to drive-thrus all over Massachusetts as Dunkin' is now serving up its own version of the viral drink.
Built and operated entirely by volunteers, Waushakum Live Steamers brings miniature steam railroading to life on a full-scale landscape.
A Newburyport native, multitalented author, potter, and chef, Dave Becker opened his first restaurant at just 24 years old.
With routes that wind past rugged islands, historic lighthouses, and abundant marine life, Cap'n Fish's Cruises offers a classic way to experience Maine's midcoast by sea.
With over four decades dedicated to the art of bonsai, Bonsai West is one of New England's premier destinations for this living tradition.
New England's largest and oldest Renaissance festival, King Richard's Faire, is a celebration of music, theater, and history.
Coby Mayo hit a bases-clearing double in a six-run first inning to help the Baltimore Orioles beat the Boston Red Sox 8-2 on Thursday.
The Boston Fleet announced on Thursday the hiring of Francois Methot as their head coach.
Wilyer Abreu hit a two-run homer, Payton Tolle pitched six scoreless innings and the Red Sox beat the Orioles 8-1 on Wednesday.
Pete Alonso hit a two-run homer and Shane Baz pitched seven solid innings as the Baltimore Orioles beat the Boston Red Sox 4-2 on Tuesday night.
Freshly acquired New England Patriots wide receiver A.J. Brown was all smiles Tuesday after his first practice with his new team.
Hopkinton, Massachusetts police are investigating video of a "suspicious" person walking into the middle of a road at night in front of a car.
A Boston man says he's lucky to be alive after jumping into the Charles River to save his dog.
Little Joe the gorilla is leaving Boston after decades at the Franklin Park Zoo.
There's been another sighting of an unusual killer whale named Old Thom in the waters off Massachusetts.
A soccer coach in Ludlow, Massachusetts plans to pay it forward after winning big on a lottery scratch ticket.