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.
Losing your spouse can ignite no end of uncertainty. Do you have to brave the job market, or can your assets support your lifestyle? For that matter, where are those assets? One widow, blending time and realistic expectations, answered both questions.
President Barack Obama wants to crack down on advisors who get commissions for selling retirement plans. On the surface, his goal seems noble. But it ignores reality, targeting the wrong people and misunderstanding the problem he perceives.
If you’re a member of Gen Y (born between 1980 and 2000), you’re probably driving just now to find the perfect job and establish your career. The here and now can sometimes block the holistic view – for example, planning for your future. You need to take an active role in managing your finances for now and the long term.
How should working couples approach their retirement accounts? By scrutinizing the pros and cons of each, and then making a coordinated plan.
Disappearing pensions, continued corporate downsizing and stubborn unemployment combine to ignite great concern that many folks still don’t save enough for retirement. Maybe you’ve given up trying to realistically assess your future costs or you simply still spend too much without saving. Whatever the reason, here’s how to get your finances together while you still have time.
With 2014 well over and the spring of 2015 looming, you may find yourself gathering all of last year’s tax information and getting ready to file your income taxes. Maybe you expect a refund or maybe you dread writing a check to Uncle Sam. If the latter, here are some tips to reduce your tax burden for 2015.
For those who struggle to save, here’s a tip: keep the money out of your reach.
With April looming, the season for individual retirement accounts is at its height. Follow these IRA strategies that have stood the test of time, while taking note of this year’s new changes.
Last year I reached a milestone age: 59½, old enough to withdraw money from my individual retirement accounts with no penalty. While this felt bittersweet, it did remind me of the importance of timing when it comes to taking money out of retirement accounts. Withdrawing at the wrong time can create serious tax consequences.