Tag: retirement
Workers are apparently very eager to get their hands on the money in their retirement savings plans. The evidence is the spike in withdrawals from IRA accounts that occurs soon after people turn 59½, the age at which the IRS’ 10 percent penalty on early withdrawals vanishes and is no longer a deterrent, according to…
Reforms to Medicare Part D under the Affordable Care Act brought significant relief to retirees by reducing the share of medication costs they must pay out of their own pockets. But with the healthcare reform now nearly a decade old, other developments have taken over that will drive up drug costs for the most vulnerab…
