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Best Retirement Accounts for November 2024
The best retirement accounts offer a tax-advantaged way to build your nest egg and fund your golden years. Here are several options to consider.
What Is SEPP (Substantially Equal Periodic Payment)?
Want to take an early withdrawal from your retirement account? You may be able to set up a SEPP plan to avoid the 10% early withdrawal penalty.
457 Plan vs. 403(b) Plan: What’s the Difference?
Both 457 plans and 403(b)s are retirement accounts available to public sector employees—but each has its own rules, features, and benefits.
Inherited IRA: All You Need To Know
Inherited funds from a tax-sheltered retirement plan are treated differently from other inherited assets. Here’s a look at how inherited IRAs work.
Can You (and Should You) Use an IRA to Buy a Home?
The issue of whether you can use an IRA, or if you should use your IRA to buy a house is complicated. It's important to understand all sides of this issue before making a decision.
5 Best Self Directed IRAs for November 2024
You can use a self-directed IRA to invest in alternative assets like real estate and private equity. Learn more.
What Is the Secure Act 2.0?
President Biden signed the SECURE Act 2.0 into law in late 2022, bringing dozens of new provisions aimed at making it easier to save money and better prepare for retirement.
Custodial Roth IRA: What Is It And Where To Open One
What is a custodial Roth IRA and how does it work? Here’s everything you need to know about this retirement investment tool for children.
Pension vs. 401(k): Key Differences
They both provide retirement income—but you fund your 401(k)—maybe with an employer match—and your employer funds your pension. Here's how they work.
What Is the Rule of 55 And How Does It Work?
You may have wondered whether it’s possible to withdraw money from your 401(k) without a penalty before age 59 1/2. You can if the rule of 55 applies to you. Here’s how.
Which States Don’t Tax Retirement Income?
State taxes are a consideration when deciding where to live after you retire. Find out which states don’t tax retirement income.
Best States to Retire to in 2024
The best state to retire in depends on your personal needs, but choosing states with low living costs and a high senior population can make things easier.
What Is Coast FIRE?
Coast FIRE is a strategy that involves saving enough to generate sufficient future retirement income, then working to pay current expenses before “coasting” into retirement.
Inherited Annuity: Definition, Benefits and Rules
Inherited annuities can provide you with a stream of income, but it's important to understand the potential tax implications. Learn more.
SEP-IRA: Definition, Rules, How to Open
A SEP IRA is an easy-to-maintain retirement plan that lets self-employed people and small business owners make tax-deductible contributions towards their own and their employees’ retirements.
All You Need to Know About Tax-Advantaged Accounts
What are tax-advantaged accounts? Should I open one? What are the benefits? Here’s a helpful guide to the many types of tax-advantaged accounts.
Mega Backdoor Roth: What Is It, How It Works, What to Consider
A mega backdoor Roth lets you save an extra $43,500 in 2023, but not all workplace plans allow them.
What Average Rate of Return on 401(k) Can You Expect?
While you may be aware of how much money goes into your 401(k) every month, do you know what the average return on your 401(k) investments is?
What Is a Defined-Benefit Plan?
A defined-benefit plan, also known as a “pension plan,” provides guaranteed retirement benefits to employees.
What Is Fat FIRE?
Fat FIRE is a retirement strategy that focuses on retiring early and living in abundance once you reach financial independence.
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