One of the things that many workers don't understand about retirement is that you'll have to create a completely new budget.

Many savers are drawn to traditional IRAs and 401(k)s because they offer a tax break on contributions. But in return, people ...

Some 71 million workers have access to 401(k) retirement plans and they have saved $8 trillion toward their retirement. The ...

You’ve probably heard that your 401(k) is a great investment for retirement ... believe tax rates will be higher in the future and want to lock in today’s lower tax rates. For example ...

Early withdrawals are generally subject to a 10% penalty, in addition to normal income taxes. But there are lots of ...

Pension income is generally subject to ordinary income taxes as well. The federal government can tax up to 85% of your Social Security benefits. Retirement ... tax-free after you pay taxes on ...

Most people's default way to save for retirement is a 401 (k) because it's offered through their employer and can be done ...

When you withdraw funds in retirement, the money is considered taxable income. There are some quirks. For example ... IRA are that it’s funded with after-tax dollars, withdrawals are not ...

But here's a retirement savings move I think is particularly powerful: Make good use of a Roth IRA. What's so great about it? Whereas traditional IRAs and 401(k)s give you an upfront tax break ...

If you take out a 30-year mortgage at age 35 or earlier, for example ... in a lower tax bracket after you retire, as your peak earning years are generally in your 50s, not after retirement.