Retirement

Inheriting a 401(k): How to Manage the Assets Learn how to handle the inheritance of a 401(k) plan as the options may vary from case to case based on the age of the owner, the beneficiary, and taxes. Lance Cothern Kevin Mercadante How to Get a 401(k) Hardship Withdrawal for Specific Financial Needs Most employees who participate in a 401(k) plan are well aware of 401(k) loans, at... Kathryn Tretina 403(b) Plans: Guide to Contribution Limits and Withdrawal Rules If you work for a non-profit organization or government agency, you’re working for... How a Divorce Can Affect Your IRA, 401(k), and Other Retirement Accounts Learn what happens to money in your IRAs, 401(k), and other retirement accounts in the event of a divorce, a potentially-devastating event for one's finances. Kevin Mercadante Required Minimum Distributions: Guide to Withdrawing Your Retirement Savings Learn how required minimum distributions (RMDs) work when it comes to withdrawals from your retirement accounts, including how it affects your taxes. Kathryn Tretina Valencia Patrice Higuera Self-Directed IRAs: Save for Retirement with Alternatives Investments When it comes to individual retirement accounts (IRAs), most people know about the... Lance Cothern IRA Contribution Limits & Income Phase-Out Limits for 2023 and 2024 The 2023 IRA contribution limit for (traditional and Roth IRAs) is the same at... Roth IRA Conversion Ladder: Get More Tax-Free Income in Retirement Learn how to create a Roth IRA conversion ladder to consolidate funds in other retirement accounts for the purpose of an early retirement. Kevin Mercadante Inherited IRAs: Rules on How to Manage and Withdrawal Funds Find out how to use inherited IRAs for manage and withdraw retirement funds from a deceased family member or friend with beneficiaries. Kathryn Tretina Kevin Mercadante Are You Too Old to Open and Contribute to a Roth IRA? Do you want to know a secret? The Roth IRA is the only tax-sheltered retirement... Valencia Patrice Higuera When Does It Make Sense to Take Out a 401(k) Loan? You've been setting money aside for retirement with a 401(k) and there's a good... SIMPLE IRA: The Best Retirement Option for the Self-Employed and Small Businesses? Learn how SIMPLE IRAs work to see if they're the best retirement savings option for small business, self-employed individuals, and their employees. Kathryn Tretina What Retirees Need to Consider Before Going Back to Work Thinking about returning to the workforce? There are serious implications for your finances. Read this retiree back to work guide to learn about your options. Kathryn Tretina Lance Cothern SEP IRA: The Best Retirement Account for Self-Employed? If you’re one of the many self-employed individuals in America, you have quickly... Simon Zhen How Much Do You Need to Save for Retirement? Retirement is a lingering financial goal that many people have on their... How to Calculate Your Tax Bracket During Retirement Find out how to calculate your income tax bracket during retirement and determine the tax rate on any income, capital gains, and retirement fund distributions. Lance Cothern Should You Use Retirement Funds to Pay for College Tuition? Learn about the pros and cons of using your retirement funds to help pay for a child's college tuition, board, and other education expenses. Lance Cothern Lance Cothern What to Consider When Planning for a Mini-Retirement In Tim Ferriss’ book, The 4-Hour Workweek, he shares the idea that we shouldn’t... Lance Cothern How to Save for Retirement When You’re Unemployed When you’re unemployed, one of the last things on your mind is how you’re going to... The FIRE Movement: What Are You Sacrificing to Retire Early? Learn what it takes to join the FIRE movement, which encourages the pursuit of financial independence to retire early - with certain sacrifices. Valencia Patrice Higuera Death of a Spouse in Retirement: How You’re Affected Financially and What to Do Find out how your retirement could be affected financially if your spouse died, including the impact on your Social Security benefits, taxes, and income. Lance Cothern Lance Cothern How to Get Health Insurance in Retirement and Minimize Medical Expenses After figuring out your finances and Social Security benefits, one of the biggest... Lance Cothern 7 Ways to Increase the Size of Your Social Security Benefits Payout For many, Social Security is their only source of income in retirement. That's why... Should You Use a Solo 401(k) to Save for Retirement? Learn how solo 401(k)s work to help the self-employed and business owners save for retirement. Compare this plan to SEP IRAs, SIMPLE IRAs, and regular IRAs. Lance Cothern Keogh Plan: The Best Retirement Option for the Self-Employed? Learn about Keogh plans to build retirement savings for the self-employed and business owners and compare them to other tax-deferred alternatives. Lance Cothern Aja McClanahan Outliving Your Retirement Funds: How to Prepare for It We are living longer -- and that's worrisome to retirees who may not have... Lance Cothern What to Do If Social Security Benefits Aren’t Enough for Retirement When you retire, you probably thought your Social Security benefits and any other... 10 Ways to Reduce Your Expenses During Retirement Learn how you can reduce the cost of retirement by making changes to your lifestyle that will minimize retirement expenses and stretch your retirement funds. Kevin Mercadante 10 Things to Consider Before Retiring in a Different Country Learn about the many factors that you have to consider before spending retirement in a different country outside the U.S., especially when it comes to finances. Lance Cothern