Are you unknowingly passing up a tax credit from Uncle Sam that could help you pad your retirement account? Today’s article highlights a special tax break aimed at helping those with modest income save for retirement, but one expert cited notes that “only an estimated one out of four people who could get money from the credit are getting it….” The credit in question? The Saver’s Credit. To learn more about the Saver’s Credit – including who is eligible to take it – CLICK HERE.
While the average Social Security recipient is expected to see an increase in their benefit payments in 2017, that increase is only expected to be about $4 a month. Needless to say, recipients looking for a boost in their retirement income will have to look elsewhere. Today’s article advocates looking at three stocks with higher-than-average dividend yields and which, with steadily increasing dividends, are “well positioned to supplement your benefits with increasing payments for years to come.” To see what these three stocks are – a blue-chip biotech, a heavy machinery company, and a fast food chain – and for an analysis of each, CLICK HERE.
Uncle Sam wants (to help) YOU! Today’s article highlights several ways in which the federal government, “mindful that a lot of people are falling behind in financial matters, or never really got started, … has been making efforts just to get more Americans to Square One” in terms of retirement readiness. From new tools (e.g. myRA accounts) to established programs that appear to be underused due to a lack of public awareness about them (e.g. The Saver’s Credit) to a guide to help navigate the decision on whether to take one’s pension as a lump sum or through payments, CLICK HERE to learn what resources Uncle Sam has to offer. to read about all five considerations you may want to discuss with your partner.