Retirement
Latest Retirement News
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…
Can I Collect Part of My Parent’s Social Security? Here’s the Truth Most People Get Wrong.
One common misconception is that any adult child can request a share of a parent’s Social Security check simply because…
Retiring at 65 With $1.6 Million in a 401(k)? Your Biggest Tax Problem May Be Just 10 Years Away
Retiring at 65 with $1.6 million in a 401(k) could set you up for a much larger tax bill 10…
How Are Annuities Taxed? Withdrawals, Payouts and Penalties
Annuities can look tax-friendly because your money grows without an annual tax bill, but the real surprise often comes when…
Successor Beneficiary of Inherited IRA: Rules, Options and Tax
A successor beneficiary is someone who inherits an individual retirement account (IRA) from a prior beneficiary rather than directly from…
I Inherited an IRA That Was Already Inherited. These Are the Rules Nobody Warned Me About.
You inherited an IRA from a beneficiary, not the original owner. That distinction matters because you generally assume the existing…
TSP Roth Conversion: Tax Rules and Examples
Federal employees with traditional Thrift Savings Plans can now convert money to a Roth TSP. This moves their future qualified…
The Average 401(k) Balance Is $351,242. Ignoring This Tax Rule Can Cost You Thousands.
The average 401(k) balance is about $351,242, but taxes can reduce how much of that money is available to spend.1…
I Have 10 Years Left to Retire. Missing My Boss’s 401(k) Match Could Cost Me This Much in Retirement.
With only 10 years left until retirement, missing your employer’s 401(k) match can leave a sizable hole in your savings.…
I am 59 With $1.6 Million and Ready to Retire. Not Budgeting for This Expense Almost Stopped Me.
At 59, $1.6 million may be enough to retire, but leaving work also means giving up health insurance coverage from…
