The issue of whether you can use an IRA, or if you should use your IRA to buy a house is complicated. It's important to understand all sides of this issue before making a decision.
Roth IRA contribution and income limits generally are revised each year. These limits determine how much you can contribute to an IRA in general and to a Roth IRA specifically.
President Biden signed the SECURE Act 2.0 into law in late 2022, bringing dozens of new provisions aimed at making it easier to save money and better prepare for retirement.
You may have wondered whether it’s possible to withdraw money from your 401(k) without a penalty before age 59 1/2. You can if the rule of 55 applies to you. Here’s how.
Internal Revenue Code Section 72(t) allows you to take early withdrawals from your retirement account without paying a penalty by using a substantially equal periodic payments (SEPP) plan. Here’s what you need to know.
The limits for 2024 are higher than those for 2023 because the IRS adjusts them for inflation and cost of living increases every year. Plans can be more complicated than they seem. Read on to learn more.
The best state to retire in depends on your personal needs, but choosing states with low living costs and a high senior population can make things easier.
Coast FIRE is a strategy that involves saving enough to generate sufficient future retirement income, then working to pay current expenses before “coasting” into retirement.
You can have a 401(k) and an IRA, and contribute to both in the same year, most of the time. Learn more about the pros and cons of each—and their contribution limits—here.
A SEP IRA is an easy-to-maintain retirement plan that lets self-employed people and small business owners make tax-deductible contributions towards their own and their employees’ retirements.
While it’s important to learn how to save and invest for retirement, it’s equally critical to learn how much Social Security you will get. Here’s how you can estimate that benefit.
If you are contemplating rolling over your traditional 401(k) to a Roth IRA, there are a number of things you need to know before deciding whether the move is advantageous or not.
Annuities can help supplement your retirement income, but how do you know if it’s a good option for you? Learn more about the pros and cons of annuities.
When you separate from a job where you have an existing 401(k), you have options. Here’s how to roll over your 401(k) and the tax implications of doing so.
The IRS eliminated 2024 RMDs for IRA beneficiaries subject to the 10-year distribution rule enacted by the SECURE Act of 2019—and suggested that a final ruling on this matter will be released in 2024.
A 401(k) match is a contribution made by an employer to match some or all of an employee’s contributions to a company retirement plan. Employer contributions can also be made on a nonmatching basis. Not all 401(k) plans offer a match.
A Roth 401(k) is a designated Roth retirement savings account funded with after-tax earnings and kept within an employer-sponsored 401(k) retirement plan.
Withdrawals from a 401(k) are a serious matter, as they can lead to financial penalties and deplete funds meant for your senior years. But a host of options can help you avoid this outcome, even in an emergency.