Search
 

How the Saver’s Credit can work for both old and young

Have you heard of the Savers Credit? For retirees and pre-retirees, the credit can be a good reason to keep making retirement plan contributions as long as possible.

By Rich White | Updated on July 13, 2016
Have you heard of the Saver’s Credit? For retirees and pre-retirees, the credit can be a good reason to keep making retirement plan contributions as long as possible. (Photo: Getty)

Recently, a friend retired at age 64 after a long and successful career in sales. In his first year of retirement, his income dropped from six figures into the mid fives. To avoid idle time, he continues to handle a few accounts and earn some commissions – part of which he socks away in a Roth IRA.

Related: The Roth conversion calculus for retirees

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.