Retirement – Money Crashers

17 Countries Where Your Investments Can Buy Citizenship or Residency

G. Brian Davis — Tue, 06 Jun 2023 11:00:00 +0000

There are several benefits of getting a second passport or residency in another country, including easier travel, higher pay potential, and the ability to take advantage of a lower cost of living. Check out these 15 countries with the most reasonable residency and citizenship programs.

The post 17 Countries Where Your Investments Can Buy Citizenship or Residency appeared first on Money Crashers.

4 Best IRA Rollover Promotions to Transfer a Retirement Account

Brian Martucci — Sun, 12 Mar 2023 16:05:00 +0000

If you’re ready to roll over assets from a former employer’s 401(k) plan, you stand to extract serious value from the transaction — upward of $1,000, $2,000, even $3,000 for sizable accounts. Here are the best IRA rollover promotions available to U.S. investors right now.

The post 4 Best IRA Rollover Promotions to Transfer a Retirement Account appeared first on Money Crashers.

Red Rock Secured Review – Precious Metals Investing & Gold IRAs

Joshua Rodriguez — Thu, 13 Oct 2022 12:52:27 +0000

Red Rock Secured is a precious metals investment company that gives you access to precious metals directly or in gold IRA accounts. Its favorable pricing structure, price protections, and excellent customer care go above and beyond. Learn more about Red Rock Secured and whether it’s right for you.

The post Red Rock Secured Review – Precious Metals Investing & Gold IRAs appeared first on Money Crashers.

14 Tips for Managing Money in Retirement

Jordan Chussler — Tue, 04 Oct 2022 16:00:00 +0000

Everything is getting more expensive these days. That’s a big problem for retirees, who often live on modest fixed incomes. If you’re worried about stretching your nest egg as far as it needs to go in retirement, follow these tips to better manage your assets and income.

The post 14 Tips for Managing Money in Retirement appeared first on Money Crashers.

What Is an Inherited IRA? Benefits, Rules & Restrictions

G. Brian Davis — Thu, 29 Sep 2022 20:00:36 +0000

Inheriting a retirement account leaves you richer than you were beforehand, but inherited IRAs are complicated with a capital C. It’s important to understand the rules and how these accounts work to avoid running afoul of the IRS. Learn about inherited IRAs and how they work.

The post What Is an Inherited IRA? Benefits, Rules & Restrictions appeared first on Money Crashers.

Roth Conversion Ladder Strategy – What It Is & How to Use for Early Retirement

G. Brian Davis — Wed, 28 Sep 2022 19:00:00 +0000

If you want to retire early, you may want to access money in your retirement accounts before age 59 ½. A Roth conversion ladder strategy gives you a way to access more of your retirement funds early, penalty-free. Learn how Roth conversion ladders work and whether this strategy makes sense for you.

The post Roth Conversion Ladder Strategy – What It Is & How to Use for Early Retirement appeared first on Money Crashers.

How to Beat Inflation in Retirement

Amy Livingston — Mon, 01 Aug 2022 11:00:00 +0000

Like aging or weight gain, inflation tends to creep up on you so gradually you don’t even notice it, but over time, it has a huge impact. How can you protect your retirement savings from the slow decay of inflation? Here are time-tested strategies you can use to combat inflation’s effects.

The post How to Beat Inflation in Retirement appeared first on Money Crashers.

Self-Directed IRA (SDIRA) – What This Retirement Plan Is & How It Works

G. Brian Davis — Tue, 26 Jul 2022 11:00:00 +0000

Self-directed IRAs offer flexibility to enjoy tax benefits while investing in alternative assets such as real estate and franchises. But they come with significant restrictions and cumbersome administrative hurdles. Learn more about self-directed IRAs and their pros, cons, and limitations.

The post Self-Directed IRA (SDIRA) – What This Retirement Plan Is & How It Works appeared first on Money Crashers.

The Best Self-Directed IRA Providers of 2024

G. Brian Davis — Fri, 22 Jul 2022 17:00:00 +0000

If you’re not content with investing in the same old stocks, bonds, and mutual funds in your retirement account, you might want to create a self-directed IRA to invest in almost anything. Learn about the best providers for self-directed IRA accounts and how to choose the best one for you.

The post The Best Self-Directed IRA Providers of 2024 appeared first on Money Crashers.

457(b) Deferred Compensation Plan – How This Retirement Account Works

Joshua Rodriguez — Wed, 06 Jul 2022 14:00:00 +0000

Employees of state and local governments and some nonprofit organizations have access to 457(b) retirement plans. These plans are similar to 401(k) or 403(b) plans, with a few differences. Learn about what 457(b) plans are, how they work and the pros and cons of investing in one if you’re eligible.

The post 457(b) Deferred Compensation Plan – How This Retirement Account Works appeared first on Money Crashers.

Vanguard Digital Advisor Review – Key Features, Pros and Cons

Brian Martucci — Tue, 05 Jul 2022 21:00:00 +0000

Vanguard Digital Advisor is a low-cost robo-advisor for long-term investors who want to own broadly diversified portfolios. It’s a solid, inexpensive, beginner-friendly option. Learn about Vanguard Digital Advisor, its key features, and its pros and cons to determine whether it’s right for you

The post Vanguard Digital Advisor Review – Key Features, Pros and Cons appeared first on Money Crashers.

How to Invest in Your 60s (and Beyond) for a Wealthy Retirement

G. Brian Davis — Mon, 04 Jul 2022 13:00:00 +0000

By your 60s, you’ve already achieved plenty of financial milestones in your adult life. You’re in the home stretch, with retirement in sight. Learn about the fundamentals to consider as you review your personal finances and investments to prepare for your transition to life after full-time work.

The post How to Invest in Your 60s (and Beyond) for a Wealthy Retirement appeared first on Money Crashers.

401(k) Rollover – What It Is & How to Transfer Your Retirement Account

G. Brian Davis — Tue, 07 Jun 2022 11:00:00 +0000

Just because you opened a 401(k) with one employer doesn’t mean you have to leave your money there after you leave the company. You can roll over your retirement savings from one employer-sponsored account to another, or to an individual retirement account (IRA). Learn how to roll over a 401(k).

The post 401(k) Rollover – What It Is & How to Transfer Your Retirement Account appeared first on Money Crashers.

What Is an Annuity and How Do These Retirement Funds Work?

Brian Martucci — Mon, 16 May 2022 15:36:00 +0000

Even if you have a retirement nest egg, you run the risk of outliving your savings. An annuity is a contract that guarantees a series of payments for a period of time, sometimes even for life. Learn what an annuity is, how it works, the different types of annuities, and their pros and cons.

The post What Is an Annuity and How Do These Retirement Funds Work? appeared first on Money Crashers.

What Is a Variable Annuity Explained – Definition, Pros & Cons

Brian Martucci — Mon, 16 May 2022 11:00:00 +0000

Fixed annuities offer guaranteed, generally low rates of returns, but variable annuities add equities exposure to offer the potential for higher returns — if the market cooperates. Learn how variable annuities work, how they differ from other types of annuities, and the potential benefits and risks.

The post What Is a Variable Annuity Explained – Definition, Pros & Cons appeared first on Money Crashers.

What Is a Roth 401(k) and How Does This Retirement Plan Work?

Amy Livingston — Mon, 21 Mar 2022 11:00:00 +0000

For years, the traditional 401(k) plan has been the most popular workplace retirement account. However, there’s a new alternative that’s been growing steadily in the past decade: the Roth 401(k). Learn how a Roth 401(k) works and whether it’s right for you here.

The post What Is a Roth 401(k) and How Does This Retirement Plan Work? appeared first on Money Crashers.

What Is a Simplified Employee Pension (SEP) IRA Retirement Account?

G. Brian Davis — Mon, 21 Mar 2022 11:00:00 +0000

The simplified employee pension individual retirement account (SEP IRA) helps self-employed workers save for retirement and get similar tax benefits as employees with traditional retirement plans. Learn SEP IRA rules and eligibility, and the pros and cons of these accounts for small-business owners.

The post What Is a Simplified Employee Pension (SEP) IRA Retirement Account? appeared first on Money Crashers.

Keogh Plan Overview (Self-Employed Individuals Tax Retirement Act of 1962)

Lisa Shidler — Tue, 15 Mar 2022 19:42:35 +0000

Keogh plans are lesser-known retirement vehicles designed for the self-employed. Although they can be difficult to qualify for and administer, they offer incredibly high contribution limits for those looking to catch up on retirement savings. Learn about Keogh plans and their pros and cons.

The post Keogh Plan Overview (Self-Employed Individuals Tax Retirement Act of 1962) appeared first on Money Crashers.

Should You Save for Your Child’s College Education or Your Retirement?

G. Brian Davis — Mon, 28 Feb 2022 14:00:15 +0000

You want to do all you can for your children. But diverting money from your retirement to cover your kids’ college expenses can lead to financial disaster. Learn how to decide whether to save for retirement, your kids’ education, or both.

The post Should You Save for Your Child’s College Education or Your Retirement? appeared first on Money Crashers.

Maximum Retirement Account Contribution Limits 2022

G. Brian Davis — Fri, 25 Feb 2022 20:19:26 +0000

You have many retirement account options, with rules and contribution limits that change regularly. Congress has raised the contribution limits for some retirement accounts but not others. Learn the rules and this year’s contribution limits for whichever accounts you personally use.

The post Maximum Retirement Account Contribution Limits 2022 appeared first on Money Crashers.