Retirement Planning: Most Popular Articles
Every 401K withdrawal affects your taxes and your future retirement planning. Make sure to consider these implications and others concerns whenever contemplating a 401K distribution from your 401K.
401(k) loans are available with no credit checks. Are they a good idea? Learn the advantages, disadvantages and limits of borrowing from your 401(k) plan.
There are limits to how much you can contribute to an IRA each year. Here are the 2014 maximums. out how much you can contribute to your IRA in 2014.
With spousal Social Security you can get retirement benefits through your spouse. Here's how it works.
Understand what a contingent beneficiary is before you choose one for your retirement account, life insurance policy or trust.
Find out how much you can contribute to a SEP IRA in 2014.
How much can you contribute to a SIMPLE IRA in 2014?
An IRA withdrawal is any distribution from your individual retirement account. It's critical to understand how your distribution will affect your financial future, both from tax and retirement planning perspectives.
One of the most common questions among retirement planning overachievers is whether they can contribute to both a 401(k) and a Roth IRA. Most people can participate in both.
Taking advantage of an employer's 401K match is a critical piece of proper retirement planning. This company match provides you with the opportunity to receive free money into your retirement plan.
When you reach 70 1/2, IRS rules say you have to start required minimum distributions from your traditional IRAs or your 401(k)s. The tax bite for not obeying the rules can be major.
At some point, you'll withdraw money from a retirement account. But when you do it and how you do it matter. Here are the rules for withdrawals in a 401(k) and IRA.
Find out the contribution limits for Roth IRAs in 2014.
Retirement plans can be confusing, this basic overview can help you understand how each one is different.
You can get Social Security retirement benefits while you are still working. But when you apply makes a difference. Here's how it works.
An explanation of how the Social Security Administration determines normal retirement age, sets the rules for monthly payments, and applies work penalties in certain circumstances.
How much will the government let you contribute to your 401(k) in 2014? Here's where to find out.
Vesting schedules come in three types: immediate, cliff and graded. Even if your employer contributes to your retirement plan or to your stock option plan, you don't really own those benefits until you have complied with their vesting schedule.
Learn the two components of calculating your Social Security Benefits: your earnings history and the age you retire. Understand the impact your normal retirement age has on your retirement benefit too.
Can I withdraw money from my 401(k) before I retire? Yes, you can anytime, but you may have to pay a penalty.
At what age can you start receiving Social Security? Find out what happens if you start to receive benefits before or after your full retirement age.
Find out how much you can contribute to a SEP IRA in 2013.
Have questions about how Social Security works? Here are the answers.
The death of a spouse is a dramatic event, emotionally and financially. Fortunately, the Social Security widow benefit paid to surviving spouse's takes some of the financial sting away. Learn more about the Social Security Survivor's Benefit.
What is a contingent beneficiary and why you should make sure yours is correct.
When can you make withdrawals from your Roth IRA account? Roth IRA withdrawals are different than regular IRA withdrawals. Roth IRA withdrawals are tax-free, as along as certain conditions are met.
A simple overview of how to apply for Social Security retirement benefits.
Due to certain income limits, not every worker is eligible to make a deductible contribution to a regular IRA. A subset of this group may be permitted to make a contribution to a Roth IRA. Still others will be prohibited from doing either. Enter the non-deductible regular IRA contribution. Learn the ins, outs, and implications of a non-deductible IRA contribution.
Want to retire wealthy or at least comfortable? Avoid these retirement mistakes.
A definition of a qualified domestic relations order, or QDRO, that includes what retirement plans it can be applied to, how it works, and what is required in a QDRO.
457(b) plan overview
Shortly after your 70th birthday, you will be forced to begin taking required minimum distributions (RMD). As such, you will need to begin withdrawing money from your 401K and regular IRA. Learn how to calculate your required minimum distributions (RMD) and view the Uniform Life Expectancy tables.
You have a solo business, so why not get yourself a solo 401(k) or individual 401(k)? Here's how much you can contribute to a solo 401(k) in 2014.
Modified Adjusted Gross Income, or MAGI, determines eligibility for numerous tax benefits. Here's how to calculate it.
When it's time to retire, there are decisions to be made. How will you withdraw your savings? At what rate? How will you change your investments? Find out how to withdraw from a 401(k) at retirement.
An employer matching 401(k) contribution or employer match is a generous benefit that you should be taking advantage of. Here's why.
Get to know the SEP IRA, a great retirement savings vehicle for small-business owners and self-employed people.
Definition of a Required Minimum Distribution (RMD) from a qualified retirement plan such as a 401(k) or IRA
Leaving your job and not sure what to do with your 401(k) or other retirement account? You have plenty of options to choose from.
If you participated in the SIMPLE IRA for at least two years, you may roll over the plan into another qualified plan, such as a 401(k) or IRA.
Understanding your vesting schedule is a crucial and often underestimated part of retirement planning. The risk of forfeiting your employer's matching contribution is real and often preventable. Learn about the different types of vesting schedules and what they may mean to your financial future.
Long-term care and nursing home can be extremely expensive, and only if the patient falls below a certain level of wealth is it covered by Medicaid. Regardless of age or health status, as long as you have assets and an income that can be counted as your own, the options may be limited when it comes to securing long-term care.
A look at what an early distribution is, what taxes and penalties are involved, and the potential financial ramifications to a retirement plan.
Learn how an unusual quirk in Social Security allows retirees to take an interest-free loan from Social Security.
Find out how much you can put into a SIMPLE IRA in 2013, and why small business owners may or may not want to consider one.
Ever thought about retiring outside your own country? Here's a list of the 10 best places in the world to retire outside of the U.S.
Taking a 401k loan may seem tempting in the short term, but be sure to consider the consequences and penalties carefully first.
What is the real safe withdrawal rate? Many experts feel withdrawing 4% of your initial retirement account balance, then adjusting annually for inflation is the right amount. But such a straightforward approach does leave us with some pretty illogical conclusions. Learn what to consider when contemplating what you can afford to spend in retirement.
How do you designate a beneficiary? Most retirement plans, annuities and life insurance policies let you decide what should become of your assets after your death through the naming of beneficiaries. Deciding which beneficiaries to name entails a whole set of considerations.
Should you convert your traditional IRA to a Roth IRA? Ask yourself these questions before you decide to convert to a Roth.
Find out how 457(b) plans can help you save for retirement, and why a 457(b) plan is even better than a 401(k).
So you are too young to think about retirement? Don't be too sure. You should start saving for your retirement as soon as you begin your working life. Here's how.
Learn the basics of 401(k) accounts; what is a contribution percentage, contribution limitations, tax-deferred growth, required distributions, IRA contribution limits, and how you can profit from a 401(k) plan today.
Your normal retirement age, or your Social Security Retirement age is based on your year of birth. Learn the importance of your retirement age and how it might affect your retirement plans.
What do you do with your 401(k) after you leave a job? Roll it over into a special account called a Rollover IRA as you plan your retirement.
Some individuals can maximize their IRA savings by contributing to both Regular IRA and Roth IRA plans. Find out if you qualify.
Roth 401(k)s bring together the tax-free growth of a Roth IRA and the higher contribution limits of a 401(k). Yet a Roth IRA contribution lowers your net pay in a way a regular 401(k) does not. Learn what to consider when evaluating a Roth 401(k).
Learn the basics of Roth Individual Retirement Accounts (Roth IRAs): where and how to open an account, Roth IRA contribution limits, income limitations, what is an IRA, who's eligible, when they're called for, and how you can profit from a Roth IRA today.
Considering going back to work in retirement? A job could impact your expenses, taxes, and Social Security benefits. Here's what you need to know.
You know how and when you want to retire, but have you considered where you want to retire? Here is how to choose the best place to retire.
If your spouse has assets in a retirement account, a QDRO is necessary to share them equitably after divorce
There are some exceptions to the penalties for withdrawing money from an individual retirement account, 401(k) plan or other qualified distribution plan. Find out what the IRA withdrawal exemptions are and who qualifies.
A Roth Conversion means entering retirement with tax-free income. However, a Roth IRA conversion also comes at an upfront cost of paying taxes now. Converting your qualified retirement account (like a traditional IRA or old 401(k) plan) to a Roth IRA may be a great idea. But since your tax may be significant, make sure to learn the key considerations.
Roth IRA Basics - Understanding the Roth IRA
SEP-IRAs (Simplified Employee Pensions) are an excellent retirement planning opportunity for the self-employed. With high contribution limits and late deadlines, they provide for great flexibility and savings.
Find out how much you can contribute to your IRA in 2013.
Millennials have been called the most risk-averse generation of investors since Depression-era kids. So why does this generation fear the market?
Find out how much you can contribute to your 403(b) plan in 2014.
How much can you put in a Roth IRA in 2013? Find out the contribution limits for Roth IRAs.
Find out how much you can contribute to a Spousal IRA in 2013.
Definition of a cost of living allowance for Social Security recipients
For individuals who have spent their careers working for the US railroads, Railroad Retirement Plans offer benefits beyond Social Security.
Find out how much you can contribute to your 457(b) plan in 2014.
If you can read this, it's not too early to start saving for retirement. The sooner you start, the wealthier you can be.
A Health Savings Account (HSA) can be an important part of your retirement planning. Coupled with a High Deductible Health Plan (HDHP), an HSA can provide you with tax-free growth on qualified medical expenses and tax-deferred growth on the excess. Learn more about how an HSA might help you achieve your retirement goals.
Can you withdraw money from your Roth IR before you retire? Yes, but you could be penalized on the growth of your original investment.
Learn how a tax deferred plan can lower your current and future taxes.
An overview of the Pension Benefit Guaranty Corporation (PBGC), including how it is financed, who it protects, ans where to get more information.
Find out how much you can put into your defined contribution plan (aka Keogh) in 2014.
Health care inflation is rising faster than the cost of living, and most of us haven't saved enough to cover it. Find out how to prepare for the rising cost of healthcare in retirement.
Retirement plans for the self-employed are among the most generous in terms of annual contribution limits. They get even more generous in 2013.
Should you take Social Security at age 62 or 70, or somewhere in between? There's no one right answer, but there is an answer that's right for you.
Find out how much you can contribute to your 401(k) in 2013.
Before you consider borrowing from your 401(k) or other employer-sponsored retirement account, make sure you have considered these four reasons to take a 401(k) loan.
401K to IRA rollovers are a fairly straightforward process as long as you make it clear of your intentions. However, if you take a distribution and then decide to do an IRA rollover, your job just got harder thanks to mandatory withholding. Learn how to avoid the 20% mandatory withholding on IRA rollovers.
If you are age 50 or older, you can stash a little bit more away each year in your retirement account. It's called a catch-up contribution. Here's how it works.
What are normal distributions from retirement plans? This definition includes taxable and tax-free plans, as well as associated penalties and exemptions.
Making tax-deductible contributions to a traditional IRA is more flexible than many retirement investors think.
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What a 401(k) is, how it works, and why you should be invested in your 401(k) plan.
Can you figure out exactly how much you will need to live on for retirement? You can at least come close. Here's how to calculate a retirement savings goal.
When you choose early retirement and take Social Security benefits before your normal retirement age, your benefit is reduced. Understand how the Social Security Administration figures this benefit reduction.
Some benefits of a converting to a Roth IRA are unavailable through a traditional IRA. But the Roth IRA also has its own set of limitations. Here's how Roth IRAs stack up compared to traditional IRAs.
A primary beneficiary is a person or entity designated as the first in line to inherit an asset.
Find out why employer matching programs are the best retirement investment.
Investing is not instinctual and most of us don't know what we're doing. But with a little bit of understanding and discipline, you can make the most of your retirement investments. Here's how to become a better retirement investor.
An IRA rollover is an effective way to simplify your retirement planning while giving you more investment choices and extending your tax deferral.
Answers to frequently asked questions about hardship distributions or hardship withdrawals that allow you to take money out early from a 401(k), 403(b) or 457(b) retirement plan.
A contingent beneficiary stands second-in-line to inherit assets such as a life insurance policy, a retirement plan or an annuity.
Should you take a 401k loan or apply for a 401k hardship loan to help with short-term cash needs? The answer, in almost all cases, is absolutely not. However, there are numerous things to consider, not to mention the need to consult with a qualified professional to get an opinion of whether or not a 401k loan makes sense based upon your own alternatives and situation. This resource was designed to explain the process and provide information that might help you.
A SIMPLE IRA is an employer-sponsored retirement plan offered to small-business employees. Find out how a SIMPLE IRA works, and how much you can contribute to the plan this year.
Lean the basics of Individual Retirement Accounts (IRAs): where and how to open an account, IRA contribution limits, income limitations, what is an IRA, who's eligible, when they're called for, and how you can profit from an IRA today.
To benefit from the tax-free growth of a Roth IRA, you must keep your assets in your account for five years after your initial contribution. Like with other fun tax rules, five years can actually go by a lot quicker. Learn how.
If you are a self-employed small business owner, you can have access to a 401(k). Find out what about the benefits of the solo 401(k) and the solo Roth 401(k).
5 reasons to avoid taking a 401(k) loan.
The use of Roth IRA distributions as an emergency fund is a noteworthy concept. Nonetheless, it is fraught with significant disadvantages including negative tax and retirement planning consequences. Learn what to consider whenever you take a Roth IRA distribution, be it before or during retirement.
Are you and your spouse planning for the same retirement? Discussing retirement as a couple can help you plan for a shared ideal future.
How much do you need to have saved before retirement? The short answer is: as much as you can.
A Keogh plan is a once-popular retirement plan option for self-employed individuals. For a certain type of professional, a Keogh could be a great choice for amassing retirement savings. Find out if a Keogh is right for you.
Index mutual funds offer a low-cost, tax-efficient way to invest in broad segments of the market. They also tend to outperform the competition. Here's why.
So you've inherited an IRA or 401(k)? Here's what spouses and non-spouses need to know to make the most of an IRA or 401(k) inheritance.
Have you ever considered opening a retirement account for your kid? In some cases, you can. Here's how to open an IRA for your child.
Should you even consider saving for retirement if you have credit card debt? Get the answer to a frequently asked question: Save or get out of debt?
What diversification is and how to diversify your investments.
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One of the most valuable parts of your Social Security benefit is your cost-of-living-adjustment (COLA). It is the Social Security COLA that allows for protection from inflation over the long-term.
Mutual funds are the primary workhorses of most investors' retirement plans. Investing in mutual funds can be a quick and relatively inexpensive way to build a diverse portfolio of stocks and bonds, with the added benefit of professional management.
The lure of a mortgage-free retirement is attractive. Learn the considerations for eliminating what's likely to be your largest bill in retirement.
A definition of lifecycle funds, also known as target date or target retirement funds, that includes both the benefits as well as the drawbacks of such investments.
Make sure to regularly check your 401(k) plan beneficiary designations, especially if any major family changes have occurred.
Defining what it means when assets are correlated or noncorrelated.
Learn when it might make sense to use life insurance as part of your retirement plan.
Do you understand what each investment in your retirement account does? Sort our your investment options by understanding some of the common types of 401(k) investment options.
Despite its name, the Simple IRA does not provide for a simple rollover. Make sure you know what you need to do if you decide to rollover your Simple IRA.
Almost half of our readers think saving $1,000,000 is necessary for a comfortable retirement. How much money do you think you need to retire?
The benefits of diversification: how investing in a variety of sectors can boost your portfolio and prevent you from losing money in riskier options.
The intermediate-term bond is among the most common options offered in employer-sponsored 401(k)s. What are intermediate-term bonds and what makes these funds so popular?
Understand how REITs work and how they can fit into your retirement investment portfolio.
Taking part in an employer matching program, if you're lucky enough to work at a place that offers one, is like receiving free money. Here's how it works.
An overview of Substantially Equal Periodic Payments, or SEPPs, that includes the rules for withdrawals, how to calculate withdrawals and the benefits of SEPP.
Keogh plans are qualified retirement plans that may be established as either defined benefit or defined contribution plans. With high contribution limits and large tax incentives, Keogh plans present an opportunity self-employed individuals should carefully consider.
What happens to your 401(k) and IRA money if you don't get to spend it? It goes to the people you named when you first signed up for the account. If you can't recall who that is, it's time to review and update your beneficiaries.
Find out how much you can contribute to a Spousal IRA in 2013.
The pros and cons of various retirement plans for the self-employed.
Answers to the most common 401(k) loan questions.
A solo 401(k) plan combines some of the strongest provisions of both traditional employment and self-employment. Learn about some of the features of self-employed 401(k) plans.
Profit sharing plans are retirement plans that allow employers to determine how much they will contribute to an employee's retirement. Here's how profit-sharing works.
An overview of 401k eligibility including time limits on delaying eligibility, as well as age requirement and monetary limitations.
The promises of a retirement annuity such as guaranteed lifetime income and tax-deferred growth are tempting, but be sure to consider the taxes and expenses involved as well.
Have a small business that doesn't require a big 401(k) plan? Find out which small business or self-employed retirement plan is right for you.
Learn how a tax deduction plan can lower your current taxes.
An introduction to 401(k)s, IRAs, Roth IRAS and the importance of early saving to a successful retirement plan.
Charles Schwab is one of the largest and most respected investment companies in the US. Learn more about the investment giant in this profile of the Charles Schwab Corporation.
Worried what will happen to your pension if your company makes a false move? The Pension Benefit Guaranty Corporation (PBGC) may ease your concerns.
A 403(b) plan is a retirement plan for nonprofit workers. Find out exactly how 403(b) plans work and how much you can contribute to your 403(b) in 2014.
Why individual stocks may not be the best investments for your retirement fund.
While it's important to have a will, a revocable living trust is often more meaningful in assuring that your affairs go smoothly and as you planned after you pass on. Learn about the advantages of a revocable living trust.
A Roth 401(k) is a combination of retirement account types. Find out how the Roth 401(k) works and whether it could work for you.
When does it make sense to name a trust as a primary or contingent beneficiary of your IRA or 401(k)?
Delaying Social Security benefits beyond your normal retirement date increases your monthly payments. Understand how the Social Security Administration will calculate your benefits.