How much do you need to save for retirement? Its one of the most common questions people have. And no wonder. That’s why there are so many unknowns: when will you retire? how much will you spend? and for how long? Thats why we did extensive analysis to come up with age-based retirement savings factors … Read more
Hey there! So you’ve got an old 401(k) from a previous job just sitting around, and you’re wondering what to do with it? You’re definitely not alone. With millions of Americans switching jobs each year (about 3.8 million people quit their jobs monthly in 2023!), there’s a lot of “orphaned” retirement money out there. I’ve … Read more
These reviewers are industry leaders and professional writers who regularly contribute to reputable publications such as the Wall Street Journal and The New York Times. Our expert reviewers review our articles and recommend changes to ensure we are upholding our high standards for accuracy and professionalism. Many of our reviewers have advanced degrees and certifications, … Read more
If you’ve inherited an individual retirement account (IRA), you may wonder about the tax implications of distributions. IRAs are tax-friendly while the account holder is alive, but there are different tax rules for people who inherit an IRA. Understanding these rules is essential to avoid unexpected tax bills and to make the most of your … Read more
Check to see what the tax effects will be before you make the change. Part of the series: Strategies to Get the Most Out of Your 401(k) If you are considering leaving a job and have a 401(k) plan, you need to stay on top of the various rollover options for your workplace retirement account. … Read more
Most heirs face many complex decisions â and potential tax consequences. These insights can help you avoid common mistakes and make more informed choices. When an inheritance comes after the death of a loved one, it can feel like a mixed blessing. It can be hard to picture what you need to do with the … Read more
The best Roth IRA accounts are easy to open online. Online brokerage firms let you open a Roth IRA and put money into many different funds. To help you with your search for the best Roth IRA account, we compared more than 30 financial companies to find out which ones offer the best Roth IRA … Read more
Is $2 Million Really Enough for Your Golden Years? Let’s face it – we all dream of a comfortable retirement where money isn’t a constant worry But with rising costs and longer lifespans, many of us wonder will $2 million be enough to sustain me through retirement? After spending a lot of time researching how … Read more
Are you approaching your late 50s and wondering why financial advisors keep mentioning age 59.5? You’re not alone! This seemingly random half-birthday actually marks one of the most significant milestones in your retirement journey. In this article we’ll break down exactly why turning 59.5 is such a big deal and what opportunities it opens up … Read more
Are you living on Social Security benefits and wondering if homeownership is still possible for you? Good news – the dream of owning your own home doesn’t have to end just because you’re relying on Social Security income! It seems like everywhere we look, people are buying homes later in life – even well into … Read more