Retirement
Latest Retirement News
Differences of Qualified vs. Nonqualified Retirement Plans
Qualified retirement plans, such as 401(k)s and pensions, can offer significant tax advantages and are subject to strict regulations set…
Should I Take a $400,000 Lump Sum or $2,000 Monthly Payments for My Pension?
Deciding whether to take a $400,000 lump sum or monthly pension benefit of $2,000 requires calculating the relative value of…
I’m 60 With $1.5 Million in My 401(k). Should I Convert $120,000 per Year to Avoid RMDs?
It’s a wise move to plan ahead for the taxes you’ll pay on retirement income, including eventual required minimum distributions…
How to Max Out Your 401(k)
Approximately 86% of 401(k) participants don’t save the maximum allowed amount in their tax-advantaged employer-sponsored retirement plans, according to a…
7 Alternative Ways to Save for Retirement
401(k) plans are not the only way to save for retirement. If your employer is one of the many that…
The Average Retirement Budget in the U.S.
When it comes to the average retirement budget, studies report a wide range of responses. A 2022 survey by the…
Should I Take a $200,000 Lump Sum or $1,850 Monthly Payments for My Pension?
If you have a pension, your employer will usually give you a choice at retirement: buyout or payments. It’s important…
I’m 64 With $650k in an IRA. Should I Start Converting to a Roth to Avoid RMDs?
You can reduce the impact that taxes have in retirement by converting pre-tax savings into Roth assets. Doing so not…
6 Strategies to Protect Your Retirement Income
Retirement planning aims to ensure a steady stream of income that could sustain your lifestyle after leaving the workforce. To protect…
I’m 65 With $800k in an IRA. Should I Convert $100,000 Per Year to a Roth to Avoid RMDs?
Converting to a Roth IRA can be tricky business. For the right household, this is an excellent way to save…
