Retirement
Latest Retirement News
How to Build a Roth IRA Portfolio for Long-Term Growth
A Roth IRA is a tax-advantaged retirement account many people use to build long-term savings, but its rules and benefits…
When I Claim My $3,200 Social Security, Will My Wife Automatically Get a Spousal Benefit?
Spousal benefits are Social Security payments based on a spouse’s lifetime earnings record, and a spouse may receive up to…
What Is the Tax Rate on 401(k) Withdrawals After Age 65?
Reaching age 65 doesn’t automatically change how the IRS taxes your 401(k) withdrawals. Instead, it taxes distributions from a traditional…
Do 401(k) Loans Show Up on Your Credit Report?
A 401(k) loan does not appear on your credit report because it isn’t considered a loan from a third-party lender.…
I Have $1.1 Million in My 401(k). What Should I Do With It When I Retire?
Leaving the workforce changes many aspects of your 401(k), and once you retire you will have to make a number…
Traditional IRA vs. Rollover IRA: Key Differences and Examples
If you have ever changed jobs or you have already started saving for retirement, you have likely encountered both Traditional…
Should You Budget for a Mini-Retirement? Pros, Cons and Examples
A mini retirement is a planned, extended break from full-time work that’s taken before traditional retirement age. Unlike a vacation…
How to Retire Early With a 401(k): Rules and Strategies
Retiring early with a 401(k) requires understanding how to access funds before the standard retirement age without triggering heavy penalties.…
State Tax on 401(k) Withdrawals: General Rules and Strategies
While federal taxes apply uniformly, the way states tax 401(k) withdrawals can vary widely. Some states fully tax 401(k) distributions,…
Does a Roth Conversion Count as an RMD? Retirement Tax Guide
When it comes to managing retirement income, taxes can be one of your biggest – and most overlooked – expenses.…
