Retirement

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Latest Retirement News

How to Convert a 529 Plan to a Roth IRA

A new opportunity has emerged for families with leftover college savings: converting 529 plan funds to a Roth IRA. Previously,…

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Can You Stop Social Security Benefits and Restart Later?

Deciding whether to stop Social Security and restart it later depends on your age and how long you have been…

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What’s the Ideal Age to Retire for Longevity?

Retirement is a major life decision and the timing can affect more than just your finances. While having enough money…

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401(k) Asset Allocation By Age: Examples and Charts

As you progress through your career, your income investment strategy should evolve to balance growth opportunities with risk management. In…

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401(k) Millionaires by Age Group

Becoming a 401(k) millionaire represents a significant milestone in retirement planning. According to recent data, the average age at which…

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Can You Contribute to a Roth IRA Without Having Earned Income?

You generally need earned income—such as wages, tips, or self-employment income—to contribute to a Roth IRA, since these accounts are…

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Employee Deferral vs. Roth Deferral

If you have to choose between a traditional or Roth deferral, you will have to decide whether it’s better to…

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Do You Pay Taxes on 457(b) Withdrawals After Age 70?

If you are approaching retirement and have savings in a 457(b) retirement plan, you might wonder which taxes you’ll pay…

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What Is the RMD for a 401(K) If You Still Work?

Retirement accounts like 401(k)s come with specific rules. One of the most important, required minimum distributions (RMDs), dictate when you…

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We Will Make $360k Combined This Year. Can We Use a Backdoor Roth Strategy to Reduce Our Taxes?

A backdoor Roth can sometimes be a good idea.The government puts income limits on who can contribute to a Roth…

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