Can you roll over IRA money into a teacher’s pension? In this segment, Gregory helps answer a Winning at Life caller’s questions about rollover IRAs and teacher’s pensions. Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY We’re Here to Help Have questions about…

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Will the Windfall Elimination Provision crush my pension? A teacher in New Orleans asks Gregory if her pension can get crushed by the Social Security Windfall Elimination Provision. Find out how pensions are affected by the provision in this Winning at Life clip. Do you have questions for Gregory? Press the ASK GREGORY below and…

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My husband and I are 65 years old. He’s retired with a monthly pension of $1,800, and when he dies, I will be collecting the same amount for life. My husband and I will start to collect Social Security benefits Jan. 1, 2022, when each of us will collect $2,600 a month. We have total…

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Americans used to retire with a monthly pension from their employer. All they had to do was cash the check every month, and a sizable chunk of their retirement income was guaranteed. Nowadays, pensions are most common for government workers. Most people instead finance retirement from some combination of Social Security and tax-advantaged accounts like…

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The 401(k) Catch-Up Contribution Limit for 2019 WHEN YOU TURN 50, YOU become eligible to contribute more money to your 401(k) plan. The tax deduction you can claim on these catch-up contributions could save you over $1,000 on your annual tax bill. Here’s how to take advantage of 401(k) catch-up contributions: Workers can defer paying income tax on…

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Keep more of your money during your golden years by incorporating these into your retirement plan. Just as taxes are a huge burden for working Americans, they can also be a drain on seniors’ limited resources. If you’re worried about affording your golden years, it pays to set yourself up with a number of income…

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