There are several types of retirement accounts that you can use to save for retirement, each with its own set of rules and tax benefits.
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A financial plan is designed to adapt to life changes, not market changes, helping with how assets are distributed and how withdrawals can reduce taxes.
Can your brokerage firm actually stop you from accessing your own money? In this episode, we walk through a real case involving a $3 million retirement account, explain when firms are allowed to place...
Some ultrahigh net worth clients would be affected by a change to retirement plan contribution and distribution rules that's under consideration in Congress.
I love investing in private real estate debt funds. But lately, figuring out which accounts to put those funds into has been a struggle. The post Issues with Private Real Estate Debt (Credit) Funds in...
What is the down-side, if any of having all your retirement accounts in one place, like Fidelity or Vanguard? I have a few rollover 401ks, a Roth and a traditional IRA scattered about. I'm thinking in...
A few days ago, I learned that there is a regulation that the federal government is proposing that would allow private equity companies to access funds in retirement accounts. Public comment on the pr...
AI and cyber threats to brokerages are growing. Will keeping your retirement funds in two or more institutions lessen your risk of getting wiped out?
My IRA balance is constantly variable. It’s not the same today as it was last week, last month, last year. I see rules like the 4% rule and other calculations based on account balance used as a guide ...
Some advocates argue that Trump Accounts could pave the way for private Social Security funds.
Trump accounts are additions to Social Security, not privatization. Unions have always demanded a hybrid retirement system. The RSAA creates the universal hybrid.
A win for private equity. A loss for our retirement assets.
Nearly half of private-sector workers do not have access to workplace plans. The order would make it easier for them to find and open accounts.
An early retirement account withdrawal often triggers taxes and penalties.
President Obama will propose new 401(k) and IRA rules in his 2017 budget.
The contribution order for retirement accounts can affect how much your money compounds tax-free. Here’s how to prioritize for tax efficiency. The post The Retirement Account Contribution Order: Get M...
You don't need to be the smartest doctor in the room to understand how to get more into your retirement accounts. But I'll explain it anyway. The post How to Get More Money in Your Retirement Accounts...
President Trump announces a federal retirement savings plan with a $1,000 match. Will it close the coverage gap?
Does offering private capital in 401(k)s represent an exciting new investment opportunity for "the little guy," or an opaque and expensive Wall Street product?
Americans increasingly use 401(k)s as emergency funds, not retirement savings, exposing flaws in U.S. retirement policy and deepening insecurity.
Do you know where your retirement savings are invested? When I looked into mine, I discovered that parts of it ran counter to U.S. foreign policy priorities.
While alternatives offer diversification and higher potential returns, including them in your workplace retirement plan would require careful consideration....
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Someone explain it like I’m 5…. My husband had a small 20k ish) retirement account at his employer. He wants to withdraw it and use it for some unexpected expenses. We have the main retir...
Standard retirement account beneficiary forms may not be flexible enough to ensure your money passes to family members according to your wishes. Naming a trust as the contingent beneficiary can help a...
Situation: My dad has two brokerage accounts, one managed and one unmanaged. Although he had been meeting with someone on his managed account, should that person alert my dad to any perceived issues w...
Tax-deferred retirement accounts can reduce taxes, protect assets, plan your estate, and boost returns. Ignore them at your peril. The post Tax-Deferred Retirement Accounts: A Gift from the Government...
The financial professionals who contribute to Kiplinger's Adviser Intel recently wrote about the five phases of retirement planning, the OBBB's potential impact on charitable giving and why you should...
Building a million-dollar retirement account requires strategic saving, consistent contributions and a mindset focused on long-term progress....
I have a 403(b). My wife has a 401(k). Let's figure out who has the better retirement account and if it matters for our portfolio. The post Wife vs. Husband: A Retirement Account Showdown appeared fir...
I am already retired (64F) and have *almost* certainly enough in my retirement and investment accounts to get me through. But I check the balances every day, and check my Schwab at least 5 times a day...
There's a penalty for failing to take required minimum distributions from retirement accounts. Fortunately, it's been reduced, and there's a way to further reduce it....
Having a bunch of retirement accounts can cause unnecessary complications. Consolidation can make it easier to manage your savings and potentially improve investment outcomes....
I'm 61, wife is 51 and we have 2 more kids to get through college so I plan to work until they at least complete undergrad studies in about 6 yrs. I own my own business and plan to adjust my hours at ...
Retiring before 59.5? Discover how to make penalty free withdrawals from your retirement accounts to help fund your early retirement. The post Early Retirement Withdrawals: 5 Ways to Take Penalty-Free...
I checked lostandfound.dol.gov and got three hits for old accounts. One of them was a stock ownership plans and the others were 401ks. There is quite a bit of money in there. I saw a post from someone...
Early withdrawals are generally subject to a 10% penalty, in addition to normal income taxes. But there are lots of exceptions—including some new ones. Here's the latest....
Answering reader questions about rolling a 401(k) into an IRA after changing jobs, how to do a 403(b) rollover, and how to pass non-discrimination testing for your 401(k) as a business owner. The post...
Answering reader questions about Roth IRAs and the pro-rata rule; self-directing your solo 401(k), 457(f)s, and 457(b)s; and when to do Roth conversions. The post Roth IRAs, 457(f)s, and Other Retirem...
Proposed legislation may require after-tax retirement contributions, affecting savings strategies....
Savvy retirees tap retirement accounts with a tax plan. Each type of account may have different tax rules and rates, so know before withdrawing funds....
Stupid investment question here. My retirement accounts (IRAs, trust, etc.) have been managed by the same guy at the same firm for 20+ years. I'm quite happy with him overall. The portfolio has been g...
Here is a guide for how to find lost money -- a lost 401k or other unclaimed retirement benefits. It can be as easy as 1,2,3! The post Find Lost 401k: How to Find Out If You Have Lost or Forgotten Ret...
It’s finally time to start using the money you managed to save and invest over the years. But be careful: Taxes are just one of the tricky parts....
Time was, including crypto in your retirement account seemed far too risky. Some financial experts now recommend it for diversification. But buyer beware....
An early player in the online learning space tackles a new challenge: making tax planning and retirement savings easier for solo practitioners and small businesses....
According to a recent Cerulli study, more than half of retired 401(k) participants say Social Security is their primary source of income. At the same time, only 6% of millennials predict they will rel...
Planning for retirement is crucial to financial stability, but many individuals unknowingly jeopardize their future by making poor decisions regarding their retirement accounts. Understanding the comp...
401(k), 403(b), and IRA accounts have all experienced consistent growth throughout 2024,…...
Answering reader questions about 401(ks) and if you should have more than one, what to do with a crummy retirement account, and if you should be worried that your 403(b) is referred to as an annuity. ...