It’s time to shake out your piggy bank and reevaluate just what other optional retirement funds you can count on. Earning passive income doesn't need to be difficult. You can start this week.

Emergency funds are an absolutely crucial aspect of any financial plan, regardless of the life stage or situation. For people ...

The rule determined that withdrawing 4% from a retirement fund in the first year ... Texas. Sponsored Bank Accounts However, the 4% withdrawal is only for the first year. After that, the amount ...

Generally, workers have to wait until they are 59 1/2 ( or 55 in certain cases ) to take 401 (k) distributions penalty-free. So, those who take a hardship withdrawal before 59 1/2 have to pay a 10% ...

Tapping retirement funds to pay off debt may have short- and long-term drawbacks. If you are facing a hardship, you may be eligible to withdraw some of your 401(k) funds without paying a penalty.

As a result, the funds are allowed to grow tax-free over time so that they can be withdrawn later on a tax-free basis. This tax strategy has made Roth IRAs a workshorse in modern retirement plans ...

When and why you shouldn’t use your home as a piggy bank ... t guaranteed. Banks typically use the prime rate to set HELOC rates. When the Federal Reserve raises the federal funds rate, that ...

Traditionally, individual retirement accounts (IRAs) have been associated with standard investment options like stocks, bonds and mutual funds. However, savvy investors are now exploring the ...

However, your Roth IRA can help back up your emergency fund, if need be. While it’s not ideal to use your retirement savings as a piggy bank, you can tap Roth IRA contributions at any time and ...