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.
A 403(b) retirement savings plan is a tax-advantaged way for public school and nonprofit employees to save for retirement. What is a 403(b) plan, how does it work compared to other retirement accounts, and should you participate if your employer offers one? Find out here.
You must understand the tax implications of your retirement accounts so you know how much money you’ll have available when you need it. When you retire and start withdrawing money from your IRA and 401(k), the taxes you owe can take a big chunk out of your total. Learn what to expect here.
The government wants to help you save for retirement by giving you incentives like tax-deferred growth and deductible contributions through IRAs and work-sponsored plans. But while the government forgoes taxes on the front-end, it doesn’t want to end up entirely empty-handed. At the age of 70 1/2, you’re required to start taking withdrawals from most
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.
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.
Want to invest in real estate without tenants calling you in the middle of the night? A mortgage REIT, or mREIT, could be right for you. Find out how this type of real estate investment trust works, how risky it really is, and whether it fits into your financial plan.
Apples and oranges are both fruits, but that doesn’t make them identical. Ditto for saving and investing. Saving is more about principal protection, with returns as icing on the cake. Investing does come with the expectation of an inflation-beating return.
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.
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.
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.
In your 50s, you start to see retirement on the horizon. Hopefully that’s exciting, but if you look at your retirement savings and feel more grim than giddy, you still have enough time to build up that nest egg. Learn how to invest in your 50s and what special factors to consider.
