Retirement

Withdrawing money from your 401(k) before retirement age could cost you. But there are ways to avoid some penalties.

It’s never too early to make a succession plan for your traditional, digital and intellectual assets, as this CFP’s experience proves.

While 401(k) loans can reduce your borrowing costs, it's crucial to consider the risks.

Life insurance can provide a way to plan ahead for retirement, particularly if you know how and whether to tap living benefits.

It's possible to enjoy tax deductions by contributing to a traditional IRA, but Roth IRAs come with different tax benefits.

Both can provide an income in retirement, but they aren’t built the same.

There are lots of options out there, but not all of those will make sense for your unique circumstances, or be available to you.

Many people are able to retire from the workforce in their mid-60s, but the more important factor is how much money they’ve been able to save throughout their lives.

When you quit your job, you can usually leave the money where it is, roll it into a different retirement account or cash it out. Here’s how to decide the best option for you.

SIMPLE IRA contributions are limited to $14,000 in 2022, plus a $3,000 catch-up for those eligible.

Plan to retire early? Have a substantial retirement account built up? Then Rule 72(t) can help you access those funds early and without penalty before you reach retirement age.

Life is a risky business. Annuities, or contracts with insurance companies, can help mitigate those risks, providing a lifetime of steady income or protections in a volatile market. But be warned, the

You can use your 401(k) to buy a house but financial experts generally recommend against it.

A 457(b) plan is a retirement plan available to employees of government and non-profit employees.

A traditional IRA is a useful retirement tool to save for your future.

There is a formula to when you get your Social Security payments. We’ll show you the way.

Want your kid to get a head start on saving for retirement? A custodial Roth IRA might be a good option.

A Keogh plan is a high-contribution retirement plan for the self-employed—but it comes at a steep cost.

A Roth 401(k) and Roth IRA are retirement savings vehicles with different benefits and drawbacks.

A 403(b) is a retirement savings account for public educational institutions and nonprofits.

Inheriting a traditional IRA? Unless you’re a surviving spouse, don’t delay. There are rules to follow, or face big penalties.

You can roll your 401(k) funds over to an IRA when you leave a job using either a direct or indirect rollover. By rolling over to an IRA instead of another 401(k), you’ll have more control over your i

Converting your 401(k) to a Roth (IRA) can help lower your tax bill in retirement.

The average retirement age is 62, but there is growing interest in retiring early.

Children of deceased parents can collect Social Security survivor benefits based on their parent’s work record, at least up until a certain age.

Through aggressive saving and investing strategies the retirement age doesn’t have to be 65 anymore. Following the FIRE movement could have you financially independent by the time you turn 40.

You should contribute at least 10% of your income to your 401(k).

Wondering how 401(k) matches work? We’ve got you covered.

Hit with a big financial emergency and need some quick cash to cover it? You might look to your 401(k) savings, but beware of the possible pitfalls of tapping into retirement savings.

Wherever you fall on the self-employed spectrum (freelancer, independent contractor, budding entrepreneur), your future self will be very grateful if you are saving for retirement now.

Even if your retirement seems far away, laying the groundwork for it now is essential.