Retirement

403(b) vs. Roth IRA: Which is Better for Your Retirement Savings? Compare a 403(b) plan to a Roth IRA -- both of which are popular accounts for retirement savings. Learn to choose the best option for you. Mega Backdoor Roth IRA: How It Works Step by Step Photo of Lance Cothern Lance Cothern Mega Backdoor Roth IRA: How It Works Step by Step Most people invest for retirement in an IRA or 401(k) rather than a savings...

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How to Roll a 401(k) Into an IRA Learn the benefits of rolling over a 401(k) plan into an IRA to manage your retirement savings, including the different ways and steps to transfer those assets. Immediate vs. Deferred Annuity Payout Options Compared Compare the pros and cons of immediate and deferred annuity payout options and how you choose between them when it comes to your retirement income. Indexed Annuities: Comparing the Pros and Cons Photo of Lance Cothern Lance Cothern Indexed Annuities: Comparing the Pros and Cons If you’re getting close to retirement, chances are a salesperson has tried to sell... Variable Annuities: How Do They Work? Photo of Lance Cothern Lance Cothern Variable Annuities: How Do They Work? You might have seen advertisements or received mailers about variable annuities. But... Fixed Annuities: How Do They Work? Learn how fixed annuities work for seniors who seek guaranteed retirement income, but also consider the advantages and disadvantages of annuities. Pension Advance Loans: Why You Should Avoid Them Find out how pension advance loans work and why you should avoid them in favor of other alternatives for additional funds or cash flow. 401(k) vs. 403(b) vs. 457 Plans: Compare Employer-Sponsored Retirement Plans Photo of Kevin Mercadante Kevin Mercadante 401(k) vs. 403(b) vs. 457 Plans: Compare Employer-Sponsored Retirement Plans 401(k) vs. 403(b) vs. 457 – the plan titles are used almost interchangeably when... Raised 401(k) Distribution and Loan Limits Amid Coronavirus Photo of Lance Cothern Lance Cothern Raised 401(k) Distribution and Loan Limits Amid Coronavirus Many people may have money they’re typically not allowed to touch until... Profit-Sharing Plans: How Do They Work? Learn how profit sharing plans can help small business owners recruit and retain top talent while bolstering employees’ retirement funds. Where to Put Extra Savings After You've Maxed Out Your 401(k) Find out where you should put extra savings after you've maxed out annual contributions to a 401(k) plan and want to set aside more money for retirement. Should You Contribute to an IRA When You’re Already Retired? Photo of Lance Cothern Lance Cothern Should You Contribute to an IRA When You’re Already Retired? Retiring is a massive shift in your lifestyle. It’s also a major change in your... 5 Ways to Get Tax-Free Income in Retirement Photo of Lance Cothern Lance Cothern 5 Ways to Get Tax-Free Income in Retirement When you’re planning for retirement, there can be a lot of... Compare Reverse Mortgage vs. Home Equity Loans & HELOCs for Retirement Income Compare reverse mortgages and home equity loans or a HELOC to help generate retirement income to fund spending and living expenses in your later years. Should You Max Out Your 401(k) Early in the Year? Find out about the pros and cons of maxing out your 401(k) contributions and hitting the annual limit earlier in the year. 5 Ways to Use Your Home Equity to Fund Retirement Photo of Valencia Patrice Higuera Valencia Patrice Higuera 5 Ways to Use Your Home Equity to Fund Retirement There’s no denying it: A home can be a valuable asset. In retirement,... Can U.S. Expats (Americans Abroad) Contribute to IRAs or 401(k)s? Photo of Lance Cothern Lance Cothern Can U.S. Expats (Americans Abroad) Contribute to IRAs or 401(k)s? As a U.S. citizen, you pay federal income taxes on your worldwide income... Multiple IRAs: Why You Might Consider Diversifying Tax Benefits Find out about the pros and cons of having multiple IRAs - such as a combination of traditional and Roth IRAs -- for diversifying tax benefits. 702(j) Retirement Plans: Same as Life Insurance? Learn about 702(j) retirement plans and how they work -- especially if they function similar as life insurance as opposed to nest egg savings. Inheriting a 401(k): How to Manage the Assets Photo of Lance Cothern Lance Cothern Inheriting a 401(k): How to Manage the Assets Inheriting a 401(k) often comes at an unfortunate time. Someone close to you... How to Get a 401(k) Hardship Withdrawal for Specific Financial Needs Photo of Kevin Mercadante 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,... 403(b) Plans: Guide to Contribution Limits and Withdrawal Rules Learn how 403(b) plans work as retirement accounts for employees in the non-profit sector, including pros/cons, contribution limits, and withdrawal rules. 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. Required Minimum Distributions: Guide to Withdrawing Your Retirement Savings Photo of Kathryn Tretina Kathryn Tretina Required Minimum Distributions: Guide to Withdrawing Your Retirement Savings You’ve likely heard a thousand times how important it is to save for... Self-Directed IRAs: Save for Retirement with Alternatives Investments Photo of Valencia Patrice Higuera Valencia Patrice Higuera Self-Directed IRAs: Save for Retirement with Alternatives Investments When it comes to individual retirement accounts (IRAs), most people know about... IRA Contribution Limits & Income Phase-Out Limits for 2020 and 2021 Find out the IRA contributions limits for 2020 and 2021 and how they may be reduced based on your income and tax-filing status. 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. Inherited IRAs: Rules on How to Manage and Withdrawal Funds Photo of Kathryn Tretina Kathryn Tretina Inherited IRAs: Rules on How to Manage and Withdrawal Funds As you get older, a friend or relative may pass away and list you as the...
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