Rachel L. Sheedy
Latest articles by Rachel L. Sheedy
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When You Can Tap a 401(k) Early With No Penalty401(k)s Leave your job in the year you turn 55 or older, and Uncle Sam will cut you some slack on the early-withdrawal penalty.
By Rachel L. Sheedy
401(k)s -
Government Spells Out New Social Security Rulesretirement The clock is ticking down on two popular claiming strategies. If you still qualify, you may need to act fast.
By Rachel L. Sheedy
retirement -
Insuring a Trip In Uncertain TimesTravel Scour the fine print to make sure you understand what a travel insurance policy will cover before you buy.
By Rachel L. Sheedy
Travel -
New Rules for Social Security Create Confusion Over Claiming Strategiesretirement Here's what to do if you are mistakenly told you can't use the “file and suspend” strategy or the “restricted application” strategy.
By Rachel L. Sheedy
retirement -
RMD Start Date and Your Heirsretirement Whether an IRA owner dies before or after the "required beginning date" determines beneficiaries' options for taking distributions.
By Rachel L. Sheedy
retirement -
Options Still Available for Couples to Boost Social Security Benefitssocial security Even as some popular strategies phase out, coordinating claims remains a critical move to maximize payouts.
By Rachel L. Sheedy
social security -
15 Deadlines Retirees Can't Afford to Miss in 2016Making Your Money Last Missing a deadline could be costly.
By Rachel L. Sheedy
Making Your Money Last -
Budget Deal Nixes Popular Social Security Claiming Strategiesretirement Couples who want to maximize their benefits will lose some options -- and money.
By Rachel L. Sheedy
retirement -
Retiree Tax Bite Varies By State
retirement Whether you plan to relocate to a new state or stay put, make sure you understand how retirement income is taxed and what breaks you might be entitled to.
By Rachel L. Sheedy
retirement -
Social Security Strategy: Boost Lifetime Payouts With the Spousal Benefitretirement The gap between spouses' benefit amounts is a key factor in determining which claiming strategies a couple should use.
By Rachel L. Sheedy
retirement -
Inheriting Millions in an IRA? There Are Surprisingly Good Reasons to Turn Down the Money
retirement Disclaiming an inherited IRA, "the legal equivalent of playing dead," could save you taxes if you know the rules.
By Rachel L. Sheedy
retirement -
How to Manage Your Money If You Retire Abroad
Making Your Money Last Don't let your financial life get lost in translation. Take these steps before you leave the U.S.
By Rachel L. Sheedy
Making Your Money Last -
Retirees, Buy Life Insurance to Help Your Heirs Pay Billsretirement Using required IRA distributions to buy life insurance can provide heirs a tax-free windfall, but the strategy isn't for everyone.
By Rachel L. Sheedy
retirement -
The Costly Danger of Putting Extra Money in Your IRAIRAs Uncle Sam will sock you with an annual penalty until you fix your mistake.
By Rachel L. Sheedy
IRAs -
Boosting the Lower Earner's Social Security Benefitsocial security If a couple regrets having the lower-earning spouse take a reduced benefit early, there are a few opportunities to increase the monthly payout.
By Rachel L. Sheedy
social security -
Reverse Mortgage Borrowers Face New Financial Test
Making Your Money Last For the first time, borrowers will have to prove they can handle the ongoing property costs to qualify for a reverse mortgage.
By Rachel L. Sheedy
Making Your Money Last -
IRA Owners: Heed New 60-Day Rollover RuleIRAs No matter how many IRAs you own, you can now only do one 60-day rollover in a 12-month period.
By Rachel L. Sheedy
IRAs -
Public Pensions Sock Social Security Benefits
retirement Qualify for Social Security and a public pension? Take note of these two provisions that slash Social Security benefits by hundreds of dollars a month.
By Rachel L. Sheedy
retirement -
6 Savvy Moves to Stretch Your Retirement SavingsMaking Your Money Last Starting a nest egg is pretty simple.
By Rachel L. Sheedy
Making Your Money Last -
New Path to a Tax-Free Roth Conversion
Making Your Money Last After-tax contributions from a company retirement plan can now be split off and moved directly to a Roth IRA.
By Rachel L. Sheedy
Making Your Money Last -
Save Money on Your Money While Traveling Abroad
Travel Trim the costs you pay when using plastic overseas and getting foreign currency.
By Rachel L. Sheedy
Travel -
Social Security Earnings Test Ensnares a Spouse
retirement The test can decrease family members’ Social Security benefits based on your record.
By Rachel L. Sheedy
retirement -
10 Reasons You'll Never Retireretirement Retirement is the payoff at the end of a long career, the end game most workers are striving for.
By Rachel L. Sheedy
retirement -
Avoid This RMD Tax Traptaxes Follow the wrong set of calculation rules for IRA required minimum distributions and you could get socked with a big penalty.
By Rachel L. Sheedy
taxes
