Retirement

Your magic number depends on how long you plan to be in retirement, your expected lifestyle and other factors. Here’s how to figure it out.

Continuing to save for your retirement is important, but Sound Dollar’s Certified Financial Planner Elaine King shares four things you should also tackle.

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

When it comes to picking a date for life after work, timing is everything.

You’ve got time on your side, so use it wisely to set yourself up for a nice nest egg.

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

Retiring soon and wondering what the max Social Security benefit is for 2022? We’ve got you covered.

Not before at least five years of contributing. And then there may be penalties if you don’t meet the eligibility requirements.

Taking the leap from paid employment can be daunting. But you may have more sources of income than you think.

Once you’ve switched gears from retirement saver to retirement spender, dealing with bear markets requires a fresh approach.

This is the perfect time to take stock and whip your finances into shape to prepare for your golden years.

Whether you’re a 30-something in the early years of adulting or a 50-something with retirement edging closer, it’s crucial to plan on living a very, very long time.

If you own a business or work for yourself, a SEP IRA may be the ideal tool to help you save for retirement.

Kicking back well before you turn 65 is possible, but you’ll need to plan ahead.

Before you tap this tax-advantaged retirement account, make sure you know when a withdrawal can trigger taxes and penalties.

The best choice for your retirement savings may come down to how you want to deal with taxes now and when you retire.

You’ve worked hard and contributed your share. Find out how much money you can expect to receive during retirement.

Income limits for Roth IRAs have increased. Find out what they are and how much you can contribute to this type of retirement account.

Annuities can be useful in retirement by giving you a predictable income stream. But there are also some drawbacks.

Knowing what required minimum distributions, or RMDs, are and how to use them is key for making the most of your retirement income.

IRAs can come with considerable tax savings for your retirement funds. But there are limits on how much you can contribute each year.

The contribution limit is higher for 2022. Here’s what to know about growing your retirement savings in a 401(k).

Understanding the tax rules for this bedrock retirement income can help you plan better for your golden years.

There are rules for taking money out of your 401(k) for retirement, and possible penalties if you do it before.

Knowing the differences between these retirement savings accounts will help you plan whether one or both can help you meet your goals.

A Roth IRA can help you save on taxes during retirement—here’s how.

An IRA is one of the simplest ways to save for retirement. Unlike a 401(k), your employer doesn’t need to offer one—you can open one on your own.

A Roth 401(k) could be a hidden gem for your golden years. Here’s how this employer-sponsored retirement plan works.

With a backdoor Roth IRA, higher income earners can legally sidestep the Roth contribution income limits. Is this strategy right for you?

Social Security benefits can give you income during retirement, but here’s what you need to know before you rely on it completely to fund your golden years.

It’s true: With just one investment you can have a “set it and forget it” retirement portfolio that lets you get back to growing your business.

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.