14 Tips for Managing Money in Retirement
My mother turned 65 this August, and as millions of other Americans do when they reach that age, she hung up the gloves this summer. For the record, she wasn’t a boxer. But she did work just as hard as…
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What Is an Inherited IRA? Benefits, Rules & Restrictions
People often die while still owning plenty of assets in their retirement accounts. These tax-advantaged accounts become part of their estate, to be distributed to their heirs. Unfortunately, the rules governing these inherited retirement accounts are anything but simple. Different…
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Roth Conversion Ladder Strategy – What It Is & How to Use for Early Retirement
Roth IRAs come with different rules than traditional IRAs. And savvy investors can take advantage of those differences to pull off several neat tricks. One of those tricks? Using your individual retirement accounts before age 59 ½, the “official” minimum…
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How to Beat Inflation in Retirement
Like aging or weight gain, inflation can creep up on you so gradually you don’t even notice it. But over time, it can have a huge impact on your retirement portfolio. For example, suppose you want to retire in 30…
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Self-Directed IRA (SDIRA) – What This Retirement Plan Is & How It Works
Individual retirement accounts (IRAs) come with plenty of perks. You can either deduct the contribution from your taxable income in the case of traditional IRAs or let your money grow tax-free and pay no taxes on withdrawals in retirement through…
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Vanguard Digital Advisor Review – Key Features, Pros and Cons
Vanguard Digital Advisor is a low-cost robo-advisor for long-term investors who don’t want to pay more than they should for broadly diversified portfolios. Using a mix of Vanguard index and sector ETFs, the platform helps allocate your assets in keeping…
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457(b) Deferred Compensation Plan – How This Retirement Account Works
As you grow older, retirement savings become more and more important. Most people who think about retirement accounts think about 401(k)s and individual retirement accounts (IRAs), but if you work for a state or local government or tax-exempt organization, chances…
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401(k) Rollover – What It Is & How to Transfer Your Retirement Account
When you change jobs, your old 401(k) is likely the last thing on your mind. That goes doubly when you move for a new job. But your nest egg represents your future. To make sure it doesn’t get lost in…
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What Is a Roth 401(k) and How Does This Retirement Plan Work?
For years, the traditional 401(k) plan has been the most popular workplace retirement account. However, there’s a newer alternative that’s grown steadily in the past decade: the Roth 401(k). According to CNBC, 86% of employers offered this plan in 2020,…
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What Is a Simplified Employee Pension (SEP) IRA Retirement Account?
Want to save for retirement as a self-employed worker, and get similar tax benefits as employees with retirement plans? The simplified employee pension individual retirement account — or SEP IRA as less of a mouthful — helps you do just…
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