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Retirement

What is a Spousal IRA and How Does It Work?

The rules surrounding your ability to contribute to an IRA generally require you to have earned income in order to contribute at all. This prevents people trying to exploit loopholes such as parents opening and funding an IRA for a child well before the child earns any income. However, there is one exception available for [...]

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Think Twice Before Borrowing from Your 401k

by Miranda

Borrowing from your 401(k) might seem like just the thing to do in a pinch. After all, even though you are borrowing, and you have to pay interest, you are making payments to yourself — and the interest you pay goes into your account. Before you get too caught up in the idea of borrowing [...]

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Withdrawing Money From a Roth IRA: How Does It Work and When Can I Do It?

by Kevin Mulligan

Withdrawing money from your retirement account is something you only really want to do in retirement. That’s obvious. What is also obvious is there are definitely times in life when you find yourself with a significant cash crunch and that nest egg looks ripe for the harvest. Unfortunately for a majority of your retirement account [...]

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Grow Your Nest Egg with Automatic Retirement Contributions

by Miranda

One of the essentials of preparing for the future is building your retirement nest egg. The amount of money you save now can be a big help later, when you are ready to retire. However, growing your nest egg can be a challenging task. You might not remember to make regular contributions, and it can [...]

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What is the 403(b) Retirement Plan? – Overview

by Miranda

Even though the 401(k) is the most common retirement account in the United States, not everyone has access to such a plan. Those who work for governments, schools and non-profit corporations don’t have access to an employer-sponsored 401(k). If you don’t have access to a 401(k), you can, of course, open an IRA. However, the [...]

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New Federal Regulation for 401k Fee Transparency Rules

by Kevin Mulligan

Do you know how much it costs you on an annual basis to simply participate in an employer-sponsored 401k plan? If you’re savvy, you probably already know that the mutual funds you select within your 401k plan have expense ratios. That number shows how much out of every dollar invested you give to the mutual [...]

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Will Your Investments Cover 30 Years of Retirement?

by Glen Craig

Imagine working 40 years to fund a retirement that will last for 30; does it sound impossible? Not if you live in a perfect world—but this isn’t, so that’s why we’ll be talking about whether your investments cover 30 years of retirement here. A 30 year retirement is becoming the reality for more people all [...]

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9 Things to Do When You Retire

by Briana

Retirement is a stage in life that everyone in the rat race looks forward to. It proves that you paid your dues to society, worked for a lengthy period, and it’s now time to open up the next chapter in your life. Previously, when people retired, they didn’t have as much time to enjoy it. [...]

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Playing the Retirement Catch-Up Game in Your Forties

by Jon the Saver

So, you’re in your forties and have little to no retirement savings. ”What shall I do?” you ask yourself. First thing you need to do is not lose hope. You have a challenge ahead of you but you can win this battle. It’s something I like to call “Retirement Catch-Up.” At its core, it’s a [...]

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