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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Private asset managers have been tantalized for years about the $29 trillion in Americans’ retirement accounts. Donald Trump just made it easier for them to get a slice....
Most physicians know the standard playbook: max out retirement accounts, then invest in low-cost index funds, typically exchange-traded funds (ETFs) ... Read more...
The biggest misunderstanding regarding retirement and taxes is ... that most people believe that their retirement accounts belong to them. Watch it, don't watch it ... I offer this as an educational o...
If you have a significant amount in tax-deferred retirement accounts, you could be sitting on a tax time bomb. Luckily, there's a way to defuse the situation....
Retiring at 59+. Probably 62. Want to see if people can pick apart my logic in constructing my different accounts. Thanks ahead of time! Work retirement accounts / 401Ks: Target dates set for right ar...
You’ve got your tax-free Roth accounts and your tax-deferred retirement accounts. Should you invest the same way in each? Kevin in Denver wants toknow. Jim and Pam in Orange County are eligible ...
Answering reader questions about HSAs and who might want to use them, the Thrift Savings Plan, and what to do with your retirement accounts when transitioning into active duty in the military. The pos...
Retirement accounts like 401(k)s and IRAs often get all the attention, but there’s another tool that can play a powerful role in your long-term strategy: the humble brokerage account. Unlike ret...
Participants' average retirement account balances increased by 19% since 2022, Vanguard's…...
A new TIAA Institute survey found that a vast majority of 401(k) plan participants are interested in accessing fixed annuities through their retirement accounts. Plan providers are listening....
Do you know which retirement accounts you can rollover your existing retirement accounts into? Here's the source... The post What types of accounts can I rollover into? appeared first on Getting Your ...
New report finds retirement account providers are the primary source of retirement planning…...
Catch-up contributions for your retirement accounts can be simple, but a few of them are more complex than you think. Let's break it down. The post Catch-Up Contributions: What You Need to Know appear...
If market turmoil has you worried about your retirement accounts, but getting professional help sounds too expensive, I recommend that you try to look at cost vs value....
You’ve been jamming money into your retirement accounts for years now. When is it okay to slow down? Joe Anderson, CFP®® and Big Al Clopine, CPA spitball for Ron and Veronica in Indiana ...
Health savings accounts (HSAs) have long been used to cover medical costs. But when treated like a retirement account, they may also help build long-term savings....
If you're strategic about your retirement account withdrawals, you can potentially minimize the taxes you'll pay on your Social Security benefits....
American workers have an abundance of retirement accounts to choose from, but which are best? Even experts disagree on the ideal mix of retirement accounts....
Many advisors overlook held-away workplace retirement accounts, unaware that a rollover isn't a prerequisite for professional management....
You know you should rollover your old retirement account to an IRA. But do you know how to do it, and avoid pitfalls (and penalties)? The post The Rollover appeared first on Getting Your Financial Duc...
The Great Recession wasn’t just a market crash, it was a wake-up call. One day, people felt financially stable. The next, jobs were gone, home values crumbled, and retirement accounts took a bea...
In this episode, we address Joe’s question about how claiming Social Security benefits early can reduce withdrawals from retirement accounts and potentially lead to greater long-term growth. Joe...
What you don't know could cost you a fortune. Here's how to make the most of a tax-deferred retirement account and possibly save your heirs a bunch on taxes....
The SECURE 2.0 Act contained changes to traditional and Roth individual retirement accounts and 401(k) plans that are being phased in over several years....
Explanation of how Net Unrealized Appreciation (NUA) works for a 401(k) or other workplace retirement account. The post Net Unrealized Appreciation Treatment appeared first on Getting Your Financial D...
My wife and I (61 & 58) have several retirement accounts: Trad 401(k), Trad IRAs, Roth IRA, I-Bonds, and taxable brokerage. We will both have pretty good SS income as well. Planning to retire in 2...
This article in the November 2024 Bulletin by Richard Eisenberg should mention MaxiFi. It is a wonderful tool to plan withdrawals from pre-tax and post-tax retirement accounts and other financial acco...
Many people are surprised and shocked when they learn what happens when retirement account owners neglect simple details about the tax code and their accounts....
There’s a lot of enthusiasm for Roth IRA conversions and Mega Backdoor Roth IRAs—and for good reason. Paying taxes upfront on your retirement accounts can be a savvy move, especially if yo...
From pie to growing retirement accounts to moderating inflation, financial advisers and their clients have much to be happy about this Thanksgiving....
Prepaying income tax on a retirement account might be a good idea. Or it could be a really bad idea. Read this before pulling the trigger....
Readers had questions about individual retirement accounts, distributions and access to brokerage accounts if they moved away from the U.S. Here are some answers....
Without spousal IRAs, you would need an earned income to contribute to your retirement account....
How much do you need to retire at 55? Early retirement usually requires a strong command of expenses and savings beyond retirement accounts....
Savers using employer-sponsored retirement accounts can boost savings and have more opportunity for compounding....
How much money have you saved in your IRA or 401K? Making contributions to one of these tax-deferred retirement accounts is easy. But withdrawing this money in retirement… gets complicated.&hel...
Tune in to learn about differences that Canada and the U.S. have when it comes to retirement accounts, tax, pensions and benefits. Find out how to get the most out of your u.s. and canada retirement a...
Erik in MN is divorced, and the OC Birdman of South OC is getting divorced. Should Erik contribute to pre-tax retirement accounts or Roth? How should the Birdman and his soon-be-ex time the sale of th...
A new study shows that 51% of Americans prefer adding $1 million to their retirement accounts over adding five healthy years to their lives. Many Americans believe they need a six-figure income to ret...
Patrick and Mary will soon both be retired. They are curious about what their withdrawal strategy should be as they balance various retirement accounts, including a pension, IRAs, and a brokerage acco...
Sweeping new retirement rules and tax law changes touch everyone from high-earners, retirees, employees, employers, and individuals inheriting retirement accounts....
Once you've decided that you and Italy are compatible, you'll want to work out your tax planning, investments, retirement accounts and benefits....
Most Americans wish they had started saving for retirement sooner and that they hadn't withdrawn money early from retirement accounts, a recent study says....
...or maybe I don't. I got to "the number" in my retirement account, and I'll get a small pension (about $800/month), and social security. I'll be 60 in a couple of months. I'm also not happy with my ...
All that money in your tax-deferred retirement accounts? Uncle Sam is going to want his cut, so here's how to prepare for that....
Inherited traditional retirement accounts come with tax burdens and restrictions that were increased in recent IRA regulations....
Diversifying retirement account types can lead to more significant and flexible tax benefits....
I'm 60M, two kids still in high school, just bought a house to ride out the high school (and college? dunno) years. I have good income and decent-not-great retirement accounts for my age. My kids also...
An Individual Retirement Account (IRA) is a tax-advantaged savings account to help you boost your nest egg. Learn which type of IRA is best for you....
I worked long and hard to make it to my role now where I make $130k per year. I am 59. I'm saving 45% of income and have $225k in retirement accounts. My plan on paper is to quit working at age 67. Hu...