If you’ve spent years in a permanent job, you can get very used to a regular income. And if you haven’t always been in paid work, the thought of guaranteed payments dropping into your bank account in a nice, predictable way can be very appealing indeed. That can be one of the advantages of retirement. … Read more
Are you sitting on a traditional IRA and wondering if now’s the right time to convert it to a Roth? This question plagues many retirement savers, and for good reason – it’s a decision that can have major tax implications both now and down the road. While 2021 was once considered an opportune time due … Read more
A 403(b) is not an IRA. Both retirement accounts have tax benefits but different contribution limits and qualifications. 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 their website. However, this … Read more
Saving for retirement takes time and discipline. You also need to make sure youre setting aside enough money to maintain your current lifestyle. But you need to strike the right balance so youre not saving too much. Any excess money could be better used elsewhere, like paying off your debts. In this article, weve highlighted … Read more
Hey there, fellow thirty-something dreamers! So you’ve hit the big 3-0 and suddenly realized that your bank account isn’t exactly matching your life ambitions? Trust me, I’ve been there. A few years back, I was staring at my sad savings account wondering if I’d ever be able to afford more than just paying bills and … Read more
Theres an old saying which says that the best time to invest was yesterday, and the second best time is now. And that couldnt be more true! Let’s be real – every parent secretly hopes their kid will grow up to be financially secure But a millionaire? That feels like a pipe dream for most … Read more
A Roth individual retirement account (Roth IRA) gives you a chance to grow your money over time by investing already-taxed dollars in a range of different securities. In retirement, your qualified withdrawals are tax-free—provided you satisfy a few basic rules.1 Although Roth IRAs can offer a powerful and flexible way to save and invest for … Read more
With an Inherited IRA, you may either need to take annual distributions no matter what age you are when you open the account or may be required to fully distribute the assets in the account within a specified number of years, or in some cases a combination of both. These rules dont apply if youve … Read more
Getting close to retirement age and wondering if you can access that pension pot you’ve been building up over the years? Maybe you’ve heard friends talking about “cashing in” their pensions and wondering if the same applies to your Local Government Pension Scheme (LGPS) benefits? You’re not alone – this is one of the most … Read more
Are you stuck between choosing an annuity or a certificate of deposit (CD) for your savings strategy? You’re not alone! I’ve been researching these financial products extensively to help my clients make better decisions with their money and I’m excited to share what I’ve discovered. Both annuities and CDs offer guaranteed returns and safety, but … Read more
