You contributed to a 401(k) retirement plan for years and your employer added some matching funds. Now that you’re ready to retire it’s time to think about how to withdraw your money.
You see many reports about how financially unprepared the average American is for life after working. If your savings need a jolt, one of your best moves during your career might be more work.
We probably all know someone with a natural gift for fixing what’s broken. If we don’t, we hit the Internet to find a handyman or, failing that, pick up a screwdriver and start the do-it-yourself (DIY) journey of home repair. Can such gumption and energy also work when you invest? Probably not, and here’s why.
Over your working career you might well accumulate many individual retirement accounts, especially if you switch jobs frequently. Eventually your annual statements will start pouring in from all of these accounts and you’ll learn the modern stress of tracking all the accounts housing your golden years’ money. Here are tips to make this critical financial task easier.
Your 401(k) is one of your greatest tools to save for retirement, but most 401(k)s need frequent attention, from a tune-up to a complete overhaul to stay on track. Here are warning signs.
Creating a budget, building an emergency fund and paying off debt: After building this solid foundation for your financial plan, now you start investing to meet long-term goals.
The days of a former corporate employer paying a life-time pension to you and your partner are dwindling. If your retirement looms, you need to account for ever-rising prices and how long you’ll need to pay them.
Have a retirement plan? Probably, but you’re hardly set. The type of plan you have figures big regarding income for your golden years, and here’s what to know.
When contributing to your employer-sponsored plan, you can choose to defer your income by a dollar or a percentage amount. The smart thing to do is to opt for whichever makes you save more.
Consolidating multiple retirement accounts into one makes it easier to manage. But do you know what money you can roll over to where? Here’s a breakdown of your options.