Retirement
401(k) Contribution Limits for 2022 and 2023: Maximize Workplace Retirement Savings
See the 401(k) contribution limits for 2022 and 2023 so that you can plan and maximize tax-advantaged, workplace retirement savings.
Lance Cothern
Roth IRA Contribution Limits for 2022 and 2023: How to Maximize Tax-Free Growth
Retiring is a goal many people dream of. In order to retire, people need to find a...
Solo 401(k) vs. SEP IRA: How Do You Choose if You're Self-Employed or a Small Business Owner?
As a self-employed individual, you don’t have access to a workplace benefits package...
Roth IRA Withdrawal Rules: How to Avoid Penalties
Learn about the withdrawal rules that apply to Roth IRAs so that you can withdraw your retirement savings without incurring any penalties (or taxes).
Lance Cothern
Traditional IRA Withdrawal Rules: When Penalties Do and Don't Apply
Learn about the rules that apply to traditional IRA withdrawals and how you can avoid penalties on early access to your money.
Lance Cothern
SIMPLE 401(k): Retirement Savings for Business Owners and the Self-Employed
If you’re a small business owner, chances are you’ve looked into offering some sort...
The Roth IRA 5-Year Rule: Ensure that Your Withdrawals Are Tax-Free
Saving for retirement helps you make sure your future self can live a comfortable...
Custodial IRA: How to Open a Retirement Account for Kids
Find out how a custodial IRA can allow parents and guardians to help their children save and invest for retirement.
Lance Cothern
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.
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...
How to Roll a 401(k) Into an IRA
When you leave your job, you may wonder what you should do with your old...
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.
Lance Cothern
Indexed Annuities: Comparing the Pros and Cons
Learn how indexed annuities work to provide retirement income that is based on the performance of stock market indices, including the pros and cons to consider.
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?
People looking for a stable source of income often find themselves looking into...
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.
Aja McClanahan
401(k) vs. 403(b) vs. 457 Plans: Compare Employer-Sponsored Retirement Plans
Learn the differences between 401(k), 403(b), and 457 plans -- along with their pros and cons -- to help you compare these employer-sponsored retirement plans.
Kevin Mercadante
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?
If you’re employed by a small business, you may be able to benefit from...
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.
Thomas (TJ) Porter
Should You Contribute to an IRA When You’re Already Retired?
Find out whether you should still contribute to an IRA when you‘re already retired but have “earned income.” Compare the pros and cons of this money move.
Lance Cothern
5 Ways to Get Tax-Free Income in Retirement
When you’re planning for retirement, there can be a lot of uncertainty.
You...
Compare Reverse Mortgage vs. Home Equity Loans & HELOCs for Retirement Income
When you’ve already retired and you need income, one potential source of income...
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.
Thomas (TJ) Porter
5 Ways to Use Your Home Equity to Fund Retirement
Learn how you can turn home equity into retirement income with these different methods to use a home as a funding source.
Valencia Patrice Higuera
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
As you move along your retirement-saving journey, you may find yourself having...
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.
Lance Cothern
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




























