What Is Retirement Income Tax Planning? Retirement income tax planning is the process of strategically managing retirement income sources and financial decisions to minimize tax liability and maximize ...

Key Points Social Security replaces only 40% of an average worker’s paycheck in retirement. The average retiree receives ...

There are a plethora of ways to save for retirement. Setting money aside in a savings account or stuffing it into your mattress are simple, relatively risk-free ways to save, but these strategies ...

Retirement planning usually starts with a simple idea: save enough money to replace your income. But there’s one big problem. As you grow older, your income likely increases. For some professions, ...

Follow these tips to help clients draw down their retirement funds in a tax-efficient manner and avoid common mistakes.

Some retirement accounts offer tax-free income. Talk to a financial professional about the timing to avoid a massive tax hit at once. Are you ahead, or behind on retirement? SmartAsset’s free tool can ...

As Americans near retirement, Federal Reserve data show how many have retirement accounts and what typical savings balances ...

Emily DiNuzzo is a writer and former full-time journalist whose work has appeared in Reader's Digest, INSIDER, and Well + Good. She continues to pursue her passion for writing and personal finance, ...

Retirement income can vary drastically across the United States. In some cities, retirees enjoy an average annual income of more than $85,000 — over 50% higher than the national average, according to ...

If you've looked at your retirement accounts recently, you probably saw a major drop in value. As the stock market yo-yos up and down, it's enough to give anyone economic whiplash in search of solid ...