Sep 25, 2023
Is a 401k Now Worth It? The Pros and Cons
If your employer offers a 401(k) plan, contributing to it is an easy way to set aside funds for retirement.
Sep 15, 2023
Pros, Cons of Deferred Compensation Plans
As its name suggests, a deferred compensation plan allows you to delay receiving part of your compensation until a later date. These retirement plans are offered by certain...
Sep 6, 2023
The Pros and Cons of Immediate Annuities
If you don’t have a pension from your company when you retire but need to set up a steady stream of income, you may consider purchasing an immediate annuity. This is...
Aug 31, 2023
Understanding the IRA Before Funding One
Individual retirement accounts provide tax advantages to those who save for retirement. Before investing in an IRA, it can be helpful to understand how IRAs work and what to...
Aug 22, 2023
Retiring at 55? What Annual Income Do You Require?
If you've accumulated $1 million, you've likely spent years saving for your future. You might be ready to retire at age 55 with a seven-figure nest egg. Depending on your expenses...
Aug 7, 2023
How a Bank Failure Could Impact Your Retirement Funds
If you have a 401(k) plan through your employer, the contributions are typically viewed as retirement savings. When markets and institutions falter, it’s natural to grow...
Aug 5, 2023
Some of the Pros, Cons of Early Retirement
For decades, 65 was considered the standard age to transition to retirement. But in recent years, the Social Security Administration has pushed back the full retirement age. In...
Jul 27, 2023
Estimate Needed Funds Before Retirement
If you're planning to retire at 50, you may be wondering how much is needed to sustain your household over the coming decades. For Americans between the ages of 45 and 54, the...
Jul 25, 2023
What Will Social Security COLA Be In 2024?
Jul 20, 2023
U.S. Retirees Share Their Greatest Regrets
While many workers look forward to retirement, financial struggles and other surprises can present challenges during this phase.
Jul 17, 2023
Strategies For Retiring w/$500,000 Savings
What to do.
Jul 11, 2023
A Selection of Tips On Way to Retiring Early
Many people see stepping away from the workforce and into retirement as a path to freedom. If you want to retire early, you might be able to enjoy hobbies, spend more time with...
Jul 10, 2023
Retirement Planning Lessons From the Great Recession
Amid market fluctuations and rising interest rates, it's a good time to visit downturns in the past, including the Great Recession. From 2007 to 2009, the housing market...
Jun 8, 2023
12 Common Retirement Mistakes To Avoid
When you transition into retirement, your daily routine will change in many ways. In addition to getting your income from new sources, you can expect to have different commitments....
Jun 2, 2023
Best Retirement Account Withdrawal Ideas
The retirement savings you have accumulated in a tax-deferred 401(k) or individual retirement account will be considered taxable income when it is distributed. This means...
May 23, 2023
Several Social Security FAQs
The majority of American workers will eventually collect Social Security benefits, but those who understand how Social Security works may be able to qualify for bigger...
Apr 8, 2023
Steps To Take If You're Retiring This Year
If you’re thinking about retiring this year, there are steps you can start carrying out before you step away from work. You’ll want to think through financial decisions...
Mar 28, 2023
Is It Wise to Tap Your 401k To Pay Off Debt?
If you’re struggling to make payments on outstanding balances, you might consider using funds you've put aside for retirement to get rid of the debt.
Jan 28, 2023
The Cost Of Early Withdrawal From a 401(k)
Taking funds out of a 401(k) before age 59 1/2 will often trigger taxes and fees. The costs related to an early withdrawal can be both short-term and long-term. However,...
Jan 23, 2023
Understanding Tax Implications of Roth IRA
A Roth IRA allows you to pay the taxes on your retirement savings while you are still working. There are specific rules regarding how much you can contribute and how to...
Jan 17, 2023
Why Are 401(k) Hardship Withdrawals Up?
A growing number of individuals with retirement plans are withdrawing savings early. During the last 12 months, 401(k) hardship withdrawals rose by 24%, according to a 2022...
Jan 13, 2023
Understanding Tax Implications of An IRA
Understand the tax implications and contribution limits before funding an IRA.
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