Roth IRAs Are All the Rage With the Young Crowd
By getting the money in early, the thinking goes, they are giving it time to grow tax-free. In the run-up to tax day, more ...
Choosing a 401(k) Plan Over Individual Stocks
A 401(k) plan allows individuals to save for retirement with tax advantages and employer matches they forego when saving ...
Tony Robbins sends strong message on Roth IRAs, 401(k)s
Personal finance author and philanthropist Tony Robbins offers some important advice about each of these retirement savings ...
This Surprisingly Versatile Account Should Be in Your Retirement Plan
It’s no secret that healthcare will likely be one of your larger expenses once your career ends and your retirement plan ...
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Discover 5 Retirement Accounts That Outperform a 401k!
"Explore Better Retirement Savings Options Beyond the 401(k)" Relying solely on a 401(k) plan for retirement savings may not be enough for a secure financial future. It's important to diversify your ...
Should You Use Your 401(k) to Pay Off Debt?
If you take out a 401 (k) loan, you’ll temporarily have fewer funds invested. In the case of withdrawals, the money will be ...
IRA Conversion to Roth: Rules to Convert an IRA or 401(k) to a Roth IRA
IRA conversion: traditional accounts to Roth . If you have a traditional IRA, converting it could be a simple matter of ...
Beyond Immediate Tax Savings: 4 Advantages of a 401(k)
Under the Employee Retirement Income Security Act (ERISA), your 401 (k) funds are typically protected from creditors and ...
I'm 60, retired, and have around $2 million in my 401(k). How do I plan my withdrawals in a way that minimizes taxes?
You can start taking money from your 401 (k) penalty-free at age 59 ½. So you shouldn't be penalized if you are 60 and ...
What is the difference between a backdoor Roth IRA and a mega backdoor Roth?
A backdoor Roth IRA is fairly straightforward. If you make too much to contribute directly to a Roth IRA, you contribute to a traditional IRA instead and then convert it to a Roth. While you can only ...
I’m 63 and planning to retire. I watched in horror as the markets tanked. Will I have enough to get me to my 90s?
I’m within a couple of months of an early retirement at 63. I watched the market tanking last month.
Roth conversions are the retirement version of 'buy the dip'
When the economy is showing signs of recession, emptying your cash bucket for a conversion can be counterproductive. If you're in retirement and need cash for living expenses, you'd have to ...