Retirement
Latest Retirement News
I Inherited a $500k IRA. The 10-Year Clock the IRS Started Could Cost Me Six Figures
Inheriting $500,000 in an IRA can seem like a life-changing windfall. But not knowing one important IRS rule could cost…
An Annuity Promises Income for Life. Here’s the Part the Sales Pitch Skips.
The sales pitch is almost irresistible: Hand over a lump sum and you will get a monthly check for life.…
Roth IRA Catch-Up: Contribution Rules and Examples
If retirement is on the horizon, every extra dollar you save can make a difference. That’s the idea behind Roth…
MAGI for a Roth IRA: Income Limits and Calculation Examples
A Roth IRA can be one of the most powerful retirement savings tools available, offering the potential for decades of…
I’m 59 With $1.3 Million and Ready to Quit. One Expense Nobody Budgets For Almost Stopped Me
If you’re ready to retire early, one overlooked expense could determine whether you can actually afford to leave work. Here…
Earn Over $150k? The IRS Just Changed Where Your 401(k) Catch-Up Money Has to Go
For high earners over age 50, a retirement-saving strategy that was available for years may now be off the table.…
Thrift Savings Plan (TSP) Matching: Rules, Tiers and Examples
The Thrift Savings Plan (TSP) is the federal government’s defined contribution retirement plan. It is available to federal civilian employees…
I’m 64 With $720k in My 401(k) and $1,900 a Month From Social Security. What Can I Actually Spend?
What can I actually spend each month without running out of money? This is one of the most important questions…
A Couple Can Convert $133,000 a Year to a Roth at About 9%. Here’s How
Many retirees overlook one of the best tax-planning windows in their financial lives: the years between retirement and required minimum…
Opening an IRA? The Costly Mistake That Leaves Your Money Earning Nothing
Gen Z is the youngest generation of workers and they are now out-saving every older age group. They started earlier…
