Retirement
Latest Retirement News
6 Financial Planning Tips for Retirees
The key to maximizing your retirement will depend on your ability to select financial planning resources that align with your…
What Is a Trusteed IRA?
A trusteed IRA is a type of individual retirement account that is set up as a trust. This account can…
What Is a Retiree Reimbursement Arrangement?
Retiree reimbursement arrangements (RRAs) are a type of savings plan funded solely by employers to help their now retired former…
A Successful Retirement May Hinge on Avoiding These Careless Mistakes
Deciding to retire can feel a bit unnerving. Retirees have plenty to potentially worry about – some of which they…
I Want to Convert $920k from a 401(k) to a Roth IRA. How Can I Reduce Taxes?
Transferring funds from a 401(k) into a Roth IRA lets you make tax-free free withdrawals in retirement, avoids rules on…
I’m 55 With $1.2 Million in My 401(k). Would Catch-Up Contributions Be Worth It?
Catch-up contributions are designed to help people save extra money in tax-advantaged retirement accounts once they hit age 50. For…
Is it Wise to Convert 10% of My 401(k) into a Roth IRA Each Year to Avoid Taxes and RMDs?
A Roth IRA has a couple of significant advantages. Most notably, they allow your retirement savings to grow tax-free (as…
What Is a Life Insurance Annuity?
A life insurance annuity is a benefit payment option for a life insurance policy. If you are a beneficiary of…
I’m 65, Taking Social Security and Have $830,000 in a 401(k). Is It Too Late to Convert to a Roth IRA?
There is no age limit on Roth conversions, so you can transfer pre-tax savings into a Roth IRA regardless of…
I’m Planning to Get a $3,200 Monthly Social Security Benefit. How Can I Avoid Taxes?
More and more retirees are being taxed on Social Security benefits. Legislative changes over the decade have shaped the age…
