SEP IRA vs. Solo 401(k): Which Should You Choose?
SEP IRAs and solo 401(k)s are self-employed retirement plans. Both are solid options, but which one is right for you?
Roth vs. Traditional IRA: Key Differences & How to Choose
Here are some key differences between a Roth IRA and a traditional IRA to help you choose the best investment account for your personal situation.
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.
What Is a Self-Directed IRA (SDIRA)?
A self-directed IRA (SDIRA) is a retirement account that offers investors the chance to hold a variety of alternative investments inside of their IRA.
What Is a Roth IRA?
Roth IRAs offer an alternative to traditional IRAs in terms of their tax treatment and other factors. They may be a good addition to your retirement savings efforts.
Can You Have a 401(k) and an IRA?
You can have a 401(k) and an IRA, and contribute to both in the same year, most of the time. Learn more about the pros and cons of each—and their contribution limits—here.
Roth IRA vs. 401(k): What's the Difference?
Let’s take a look at the differences between a Roth IRA and the two types of 401(k) accounts and what they tell you about which to use for retirement.
401(k) Rollover to a Roth IRA: What You Need to Know
If you are contemplating rolling over your traditional 401(k) to a Roth IRA, there are a number of things you need to know before deciding whether the move is advantageous or not.
Roth IRA Contribution and Income Limits 2023 and 2024
Roth IRA contribution and income limits generally are revised each year. These limits determine how much you can contribute to an IRA in general and to a Roth IRA specifically.
Best Roth IRA Accounts for 2024
The best Roth IRA accounts come with low starting balance requirements, minimal fees (or no fees), and ample investment options and tools.
What Is a Defined-Benefit Plan?
A defined-benefit plan, also known as a “pension plan,” provides guaranteed retirement benefits to employees.
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.
Rolling Over 401(k): An Essential Guide
When you separate from a job where you have an existing 401(k), you have options. Here’s how to roll over your 401(k) and the tax implications of doing so.
How to Plan for Retirement: 5 Steps
Retirement planning takes some effort, but the sooner you get started, the more flexibility you'll have later in life.
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.
401(k) Matching: Meaning, How It Works, and How to Get the Most Out of It
A 401(k) match is a contribution made by an employer to match some or all of an employee’s contributions to a company retirement plan. Employer contributions can also be made on a nonmatching basis. Not all 401(k) plans offer a match.
What is a solo 401(k)?
A solo 401(k) is a retirement account for self-employed individuals who need higher limits to fast-track their retirement savings.
What Are the 401(k) Contribution Limits for 2024? All You Need to Know
The limits for 2024 are higher than those for 2023 because the IRS adjusts them for inflation and cost of living increases every year. Plans can be more complicated than they seem. Read on to learn more.
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.
Best Index Funds with Low Expense Ratios
Index funds offer a low cost way to invest and an easy way to diversify your portfolio among different investment styles.
What Is Fat FIRE?
Fat FIRE is a retirement strategy that focuses on retiring early and living in abundance once you reach financial independence.
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.
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.
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.
How to Check Your 401(k) Balance?
Trying to check your 401(k) balance with a former employer, but you haven’t been there in years? Here are some tips to help you out.
How Much Social Security Will I Get?
While it’s important to learn how to save and invest for retirement, it’s equally critical to learn how much Social Security you will get. Here’s how you can estimate that benefit.
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.
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.
The Pros and Cons of Annuities
Annuities can help supplement your retirement income, but how do you know if it’s a good option for you? Learn more about the pros and cons of annuities.
What Is A Roth 401(k)? Essential Guide 2024
A Roth 401(k) is a designated Roth retirement savings account funded with after-tax earnings and kept within an employer-sponsored 401(k) retirement plan.
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?
How to Withdraw Early From a 401(k) (& Why You Shouldn’t)
Withdrawals from a 401(k) are a serious matter, as they can lead to financial penalties and deplete funds meant for your senior years. But a host of options can help you avoid this outcome, even in an emergency.
