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Best Retirement Accounts for October 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.
401(k): Definition, How it Works, Types, Requirements
Everything you need to know about 401(k) plans, how they work, what happens if you leave a job, and some additional retirement savings options to consider.
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.
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.
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.
Best Roth IRA Accounts for October 2024
The best Roth IRA accounts come with low starting balance requirements, minimal fees (or no fees), and ample investment options and tools.
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 October 2024
You can use a self-directed IRA to invest in alternative assets like real estate and private equity. Learn more.
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.
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.
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.
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.
The rule of 72: What is it and how does it work?
Internal Revenue Code Section 72(t) allows you to take early withdrawals from your retirement account without paying a penalty by using a substantially equal periodic payments (SEPP) plan. Here’s what you need to know.
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.
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.
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