While some retirement plans allow in-service withdrawals, most discourage early access with penalties, taxes and missed growth potential. Before making…
Using a 401(k) loan for home improvement may feel like an easy solution to unexpected expenses. After all, you’re borrowing…
When a parent passes away, one of the biggest financial questions families face is whether their children can receive any…
Unlike traditional loans, a 401(k) loan is tied to your employer-sponsored retirement plan. That means your repayment options and timeline…
If you default on a 401(k) loan, the balance is usually treated as a taxable distribution. This may result in…
Planning how and when to withdraw money from your retirement accounts can have a big impact on how much of…
Medicare premiums are based on taxable income and a sudden increase can raise your costs. So if you are considering…
Combining a 401(k) from work with an IRA can help you grow savings faster and give you more options for…
Certificates of deposit (CDs) and Roth IRAs play different roles in retirement planning. CDs provide fixed interest and are federally…
When planning for retirement, one of the biggest decisions you’ll face is how to generate consistent, tax-efficient income. Two common…
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