Personal Finance Buzz

When a persons dies, their retirement accounts are left to the primary beneficiaries established on the account. As a beneficiary of a retirement account, you have to follow the rules established by the IRS, and those rules can vary depending on your relationship to the original account holder. Knowing the rules will help you to make better decisions if you happen to inherit an IRA.

A brief primer on how to prioritize your retirement account contributions.

The Benefits offered by retirement investment accounts make them an important foundation for retirement planning. Here are the major investment accounts for retirement:

It is important to consider your retirement account, and make necessary changes. Don’t get complacent about the state of your retirement portfolio; make sure to review your situation regularly.

Older Canadians must consider strategies for using Tax Free Savings Accounts in retirement. Here are three approaches to consider with your TFSA:

Among individual retirement accounts, the Roth IRA stands out because of its special tax advantages. Instead of providing tax breaks at the time of deposit, Roth IRAs allow account holders to receive benefits completely tax free after retirement.