Guide: Self-Directed IRAs & Non-Deductible IRAs
A self-directed IRA allows you to hold different types of investments. A non-deductible IRA holds funds that were contributed on an after-tax basis. Learn more.
The Main Differences Between 401(k)s and IRAs
A 401(k) plan is a qualified plan, also known as a defined contribution plan, offered by your employer into which you can make pre-tax or Roth/after-tax contributions directly from your pay. An Individual Retirement Account (IRA) is an account you establish that can accept rollovers from 401(k)s or other employer-sponsored plans, as well as tax-deductible and non-deductible regular contributions to help you save for retirement.
What to Know About the Roth IRA 5-Year Rule
There are two different 5-year rules when it comes to Roth IRAs, and both are important to know about if you have a Roth IRA. One 5-year rule is for Roth contribution IRAs, and another different 5-year rule is for Roth conversion IRAs.
How To Create a Retirement Budget
Creating a retirement budget is an important activity for retirees and pre-retirees to consider. Having a road map of basic and ongoing needs, as well as assumed discretionary spending, is crucial to maintaining a safe drawdown on your portfolio over time.
Coping Financially After the Loss of a Spouse
The death of a spouse is one of the most difficult events a person can experience. Beyond the tremendous emotional impact, it can also be a time of deep financial uncertainty. Learn how to begin navigating this next chapter of your financial life.
62, 70 or Somewhere In Between? It's Time to Answer the Question Once and For All: When Should I Claim Social Security?
Deciding to wait or claim Social Security benefits is a personal decision. Here are some important factors anyone nearing or in retirement should consider now.
Should You Tap Your 401(k) to Pay Off Debt?
In most cases, tapping into your retirement account to pay off debt isn’t advised. Understanding the difference between withdrawals and loans may help you face your debt with confidence.
Estimating Your Retirement Income Needs
You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you'll need to fund your retirement. That's not as easy as it sounds, because retirement planning is not an exact science. Your specific needs depend on your goals and many other factors.
Thinking About Moving Closer to Your Kids? 4 Financial Implications to Consider
Thinking about moving closer to your adult children? These 4 financial considerations can help you decide.