Retirement

What to Do When You’re Age 40 With No Retirement Savings If you are reaching or already in your 40s and you‘re worried that you won‘t have enough savings upon retirement, learn what steps to take immediately. How to Bounce Back at Age 65 With No Retirement Savings Photo of John Csiszar John Csiszar How to Bounce Back at Age 65 With No Retirement Savings By the time you reach age 65, you’ve no doubt heard the incessant call that you...

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Can You Contribute to Both a 401(k) and an IRA at the Same Time? Find out whether you can contribute retirement savings to both an employer-sponsored 401(k) plan and an IRA, either traditional or Roth, at the same time. Should You Contribute the Maximum to Your 401(k)? Find out if it is a good idea to contribute the maximum amount to your particular 401(k) plan because there are times when it doesn‘t make sense. Have You Switched Jobs? What You Should Do With Your Old 401(k)s Photo of Thomas (TJ) Porter Thomas (TJ) Porter Have You Switched Jobs? What You Should Do With Your Old 401(k)s 401(k)s are one of the most common retirement plans in the United States. Many... Should You Use Your 401(k) or IRA As a Down Payment on a House? Photo of John Csiszar John Csiszar Should You Use Your 401(k) or IRA As a Down Payment on a House? Most homebuyers can’t afford to pay cash for the total value of their home. For many... A Retirement Guide for 50-Year-Olds With No Retirement Savings Follow these steps if you're age 50 and have no retirement savings. Learn which retirement accounts should take priority, in addition to the types of investments that you should consider to help grow your retirement portfolio. Is It a Good Idea to Use Your IRA to Pay Off Credit Card Debt? Find out if you should withdraw funds from your individual retirement account (IRA) to help pay off high-interest credit card debt. Learn about the taxes and penalties that you'll have to pay if you take money out of an IRA before retirement age -- rules vary depending on whether you have a traditional or Roth IRA. No Retirement Savings at Age 30? How to Get Started Photo of Ben Luthi Ben Luthi No Retirement Savings at Age 30? How to Get Started The best time to start saving for retirement is now. It’s especially important to... Should You Split Contributions Between Traditional and Roth 401(k)s? Photo of Valencia Patrice Higuera Valencia Patrice Higuera Should You Split Contributions Between Traditional and Roth 401(k)s? A 401(k) is a popular retirement savings account offered by many employers. But... How to Convert a Traditional IRA to a Roth IRA Use this step-by-step process to convert a traditional IRA to an Roth IRA. Find out when it makes sense for you to switch the type of individual retirement account. Learn how this change will affect your tax situation, including what you should be aware of to avoid any kinds of penalties. How to Invest for Retirement on a $30,000 Salary With the median U.S. salary at around $30,000, learn how you can still save for retirement and invest in a portfolio that will grow for many years to come. Find out how to set up your finances, especially by choosing the right accounts, to get yourself started on retirement savings even if you have low income. 5 Ways to Save for Retirement as a Full-Time Freelancer Photo of Valencia Patrice Higuera Valencia Patrice Higuera 5 Ways to Save for Retirement as a Full-Time Freelancer So you’ve finally made the leap to full-time freelancer. For you, this means time... What Makes a Bad 401(k) Plan? Photo of Valerie Ashton Valerie Ashton What Makes a Bad 401(k) Plan? An employer-sponsored 401(k) retirement plan is usually an excellent retirement... Guide to Using a Backdoor Roth IRA Learn the step by step process of setting up a backdoor Roth IRA to help taxpayers who've reached the income limits to qualify for contributions. Find out what taxes you are responsible for paying when you convert a traditional IRA. Most importantly, determine for yourself when it makes sense to use a backdoor Roth IRA. How to Invest for Retirement When You Don’t Have a 401(k) Learn how you can still save for retirement when you don't have access to a 401(k) that is normally provided as an employer-sponsored retirement plan by your company. Find out what the other investment options are available to generate long-term returns that are better than a savings account. Should You Invest in a Traditional or Roth IRA CD? Photo of Thomas (TJ) Porter Thomas (TJ) Porter Should You Invest in a Traditional or Roth IRA CD? Certificates of deposit (CDs) are a special type of deposit account designed to give... What Are the Differences Between IRA CDs and Regular CDs Photo of Thomas (TJ) Porter Thomas (TJ) Porter What Are the Differences Between IRA CDs and Regular CDs A certificate of deposit (CD) is a type of deposit account that is ideal for... What You Need to Know When Taking an RMD from an IRA CD Learn how to take a required minimum distribution from your IRA CD so that you are following all the rules set forth by the IRS. This allows you to get your retirement savings without incurring any penalties and taxes that could hurt your IRA CD earnings. Find out how to use IRA CDs strategically for your retirement. How to Rollover an IRA: A Step-by-Step Guide Learn how to roll over your IRA into another IRA with two different options: a direct rollover (IRA-to-IRA) transfer and an indirect rollover. See the steps to take to ensure that retirement funds keep growing and how to avoid penalties. What Happens When Your IRA CD Reaches Maturity Photo of Thomas (TJ) Porter Thomas (TJ) Porter What Happens When Your IRA CD Reaches Maturity Individual retirement accounts (IRAs) are designed to help you save money for when... Can IRA CDs Be Used as Collateral for a Loan? Photo of Thomas (TJ) Porter Thomas (TJ) Porter Can IRA CDs Be Used as Collateral for a Loan? Individual retirement accounts (IRAs) are designed to help people save for... Why Choose a Live Financial Advisor Over Automated Advisor? Find out whether a live financial advisor or robo-advisor is better to help you build a balanced, diversified investment portfolio that will help you grow your retirement savings. Compare the benefits and fees of each option to determine which choice is a better match for your financial situation. How Do Early Withdrawal Penalties Apply to IRA CDs? Find out how early withdrawal penalties are applied to IRA CDs (individual retirement account certificates of deposit). Learn how the IRS may impose taxes and penalties if you withdraw the fund early. See which circumstances will allow you to withdraw from an IRA CDs without penalties. Security and Freedom: Why You Should Save for Retirement Photo of Kara Perez Kara Perez Security and Freedom: Why You Should Save for Retirement The facts are in, folks: Americans aren’t saving enough money for retirement.... When It's Better to Wait, Before Rolling Your 401(k) Over Photo of Rebecca Lake Rebecca Lake When It's Better to Wait, Before Rolling Your 401(k) Over Changing jobs in your 20s is to be expected, but it can put your retirement... Should You Contribute to Your 401(k) or Pay Down Your Mortgage? Paying off your mortgage ahead of schedule makes sense when you're trying to free up extra cash but investing offers a bigger bang for your buck. How to Open an IRA Retirement Account In 10 Minutes Many people think it is a long, difficult process to open an individual retirement account (IRA). It isn't. We use Vanguard to show how easy it is. Easy 401(k) Hacks to Get the Most Out of Your Retirement Plan Photo of Rebecca Lake Rebecca Lake Easy 401(k) Hacks to Get the Most Out of Your Retirement Plan A 401(k) is one of the most powerful retirement savings tools you can have and how...