Many American workers have assets in one or more employer-sponsored retirement plans (i.e., 401(k), 403(b), profit-sharing plans) to help save for the future. But what happens if you change jobs? Oftentimes, these accounts don’t come with you, so they are set aside to deal with later – in fact, an estimated 1 in 5 U.S. … Read more
Have you ever wondered if you’re allowed to contribute to both a 401(k) through your employer AND have your own Roth IRA on the side? Good news – you absolutely can! Not only is it totally legal, but it might be one of the smartest retirement moves you’ll ever make I’ve spent years helping people … Read more
According to Senior Living, in 2025 the average monthly cost for a private nursing home room in the U.S. is $10,025, that’s $120,304 annually. With costs this high, failing to plan ahead could force families to sell their homes or drain their savings to pay for care. Fortunately, legal tools like trusts and early planning … Read more
With the Autumn 2024 budget announcing fundamental changes to Inheritance Tax relief, further uncertainty has been cast over what is already, for plenty of people, a complicated set of rules to understand. It’s fully reasonable to want to get the estate valuation and probate processes out of the way in the wake of a loss, … Read more
This type of IRA allows you to hold alternative investments in a retirement account, but it comes with complex rules and risks. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on … Read more
Are you worried about what happens to your hard-earned superannuation if your relationship status changes? Maybe you’re planning ahead, or perhaps you’re already facing a separation. Either way, the big question is: is my wife entitled to half my super? I’ve been researching this topic extensively, and lemme tell you – it’s not as straightforward … Read more
Find out how tax works on pensions, savings and additional income, before and after you retire. Tax on pensions, savings and additional income can be confusing. The way you pay tax depends on the kind of pension you get, and whether you have any other income. This guidance brings together some of the most common … Read more
If your employer allows 401(k) trading, you may want to trade securities with your 401(k) money. Find out how often you can buy and sell in your 401(k).3 min read Traditionally, a 401(k) account was designed as a place where employees could accumulate retirement savings rather than a brokerage account where they could trade securities. … Read more
Retirement planning: annuities or certificates of deposit When it comes to saving for retirement, there are numerous strategies available, each offering their own advantages depending on your financial goals and risk tolerance. Two common options are annuities and certificates of deposit (CDs), which can help supplement a retirement income plan and offer financial security for … Read more
Becoming a self-made millionaire is a goal for many, but often its shrouded in mystery and misunderstanding. While its no walk in the park, with the right mindset and strategies, its an achievable goal. I believe that the best path to becoming a self-made millionaire is through business ownership. By building a profitable business you … Read more
