Retirement

How to Minimize Taxes During Retirement If you're about to retire or already retired, learn what you can do to reduce your tax liability when you're in retirement. How to Build Retirement Savings When You Only Earn $30,000 Per Year Photo of John Csiszar John Csiszar How to Build Retirement Savings When You Only Earn $30,000 Per Year Let’s face it: Saving for retirement can be a challenge. Lots of Americans live... Should You Still Invest in a 401(k) Without a Company Match? Photo of Kevin Mercadante Kevin Mercadante Should You Still Invest in a 401(k) Without a Company Match? The 401(k) plan may very well be the single best retirement option for the average... Should You Pay Off Your Mortgage or Save for Retirement First? Find out whether it is a smarter financial move to focus on paying off your mortgage or on saving for retirement. Compare the pros and cons of each option. 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... Can You Contribute to Both a 401(k) and an IRA at the Same Time? Photo of Paul Sisolak Paul Sisolak Can You Contribute to Both a 401(k) and an IRA at the Same Time? Chances are you’ve heard of two popular types of retirement options: 401(k)s and... 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 Learn the different ways that you can move the retirement funds into another retirement account so that you can cut costs and manage the investments better. 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... A Retirement Guide for 50-Year-Olds With No Retirement Savings Photo of John Csiszar John Csiszar A Retirement Guide for 50-Year-Olds With No Retirement Savings Retirement often seems like a faraway goal. By age 50, however, retirement is often... 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 Learn the steps that you should take now if you‘re 30 years of age and have no retirement savings at all. Find out what types of financial accounts you should get to establish an investment portfolio that will grow until you reach retirement age and after. 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 Photo of Thomas (TJ) Porter Thomas (TJ) Porter How to Convert a Traditional IRA to a Roth IRA Individual retirement accounts (IRAs) are a special type of account that is designed... 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 As a full-time freelancer, learn how you should approach retirement savings when you don‘t have access to a 401(k) plan, which is offered only by employers. Consider the different options that you have available to take advantage of tax benefits provided by certain retirement accounts. 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 Photo of Valencia Patrice Higuera Valencia Patrice Higuera Guide to Using a Backdoor Roth IRA The more cash you sock away during your working years, the more money you’ll have for... 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?. Find out what factors affect your decision of choosing between a tradition or Roth IRA CD, which is an option for long-term retirement savings. Learn the benefits of the different types of individual retirement accounts to understand which one is best for your tax situation. Then, you can pick the right IRA CD for you. 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 Photo of Paul Sisolak Paul Sisolak What You Need to Know When Taking an RMD from an IRA CD For all their tax advantages and variety of ways to invest, an IRA is one surefire... 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 Learn what happens to your money when an IRA CD reaches maturity. Find out how you can move the funds to another IRA and ways that you can earn more interest with a CD renewal or CD ladder. Understand the differences between traditional and Roth IRAs so that you don't break any IRS rules. 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? Photo of Paul Sisolak Paul Sisolak Why Choose a Live Financial Advisor Over Automated Advisor? Conventional financial advice since the dawn of mankind has always come from a... 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 Think retirement is too far into the future to be relevant? Think again. Here's why you shouldn't downplay the urgency of saving for the future.
MyBankTracker Blog RSS Feed