Personal Finance
Latest Personal Finance News
We Retired at 63. Tapping Our 401(k) Before Social Security Changed Everything.
Retiring at 63 can create an income gap if you delay Social Security. One option is to use 401(k) withdrawals…
Mega Backdoor Roth 401(k): How to Max Tax Benefits
A mega backdoor Roth 401(k) can give high earners a way to save even more for retirement. This strategy allows…
I’m 40 With 25 Years to Retire. Ignoring My 401(k) Match Could Cost Me Almost $165,000.
Skipping a 401(k) match at age 40 could cost you more than the amount your employer would have contributed. You…
Social Security Check at 62 vs. 70: How Much Can You Get?
Choosing between claiming Social Security at 62 or waiting until 70 can create a wide gap in your monthly income.…
Social Security at 62 vs. 65: What Is the Break Even Point?
Claiming Social Security at 62 gives you three extra years of payments, but each monthly check is permanently smaller than…
Social Security COLA vs. Medicare: Will Your COLA Cover Higher Premiums?
Each year, Social Security benefits may increase with a cost-of-living adjustment (COLA), but higher Medicare premiums can reduce how much…
I’m 65 With $900k and No Pension. Here’s the Monthly Income That Actually Lasts 30 Years.
If you’re 65 with $900,000 and no pension, the income your portfolio can provide depends on how much you withdraw…
I’m 45 With 20 Years to Retire. Ignoring My 401(k) Match Could Cost Me Almost $115,000.
At age 45, skipping your 401(k) match means giving up more than your employer’s contribution. You also lose the potential…
Wash Sale Rule for Stocks: Tax Deductions
Selling a stock at a loss can be a useful tax strategy. The loss may offset capital gains and, in…
Trustee-to-Trustee Transfer: How to Move Retirement Money
A trustee-to-trustee transfer moves retirement money directly between financial institutions without sending the funds to you first. This can simplify…
