Retirement

IRA rollover rules: Everything to know

If moving your retirement funds around makes you a little nervous, that’s normal. With many retirement plans, including IRAs and 401(k)s, you could end up paying unexpected penalties and additional tax if you’re not careful. Understanding a few basic rules and consulting with a tax professional can go a long way in avoiding costly mistakes. […]

Retirement

What is a SEP IRA and how does it work?

Saving for your future shouldn’t be considered optional. But when it comes to how you save, there are plenty of choices. While most people include an individual retirement account (IRA) among their retirement savings tools, not all IRAs are the same. Here’s one valuable IRA for small businesses: a SEP IRA. Read on to learn […]

Retirement

What Is an IRA & How Does It Work?

What does “IRA” stand for? IRA stands for “individual retirement account” and that’s exactly what it is — an account that allows you to set aside money for your retirement. Whether you’re putting together a new retirement plan or reevaluating the plan you already have, it pays to consider how the right IRA can factor […]

Retirement

Roth and Traditional IRA Contribution Limits for 2022

When you first start saving for retirement, you might feel intimidated by all the choices available. Wrapping your head around such a massive goal can also seem intimidating. Take heart: Consistency is most important. One of the initial steps is deciding where to keep your retirement funds and learning about the rules and limits of […]

Retirement

Saving for a Future of Freedom: 4 Ways to Fund Your IRA

That adventurous future you’ve imagined — you know, building a second home, exploring a new continent or hiking the Grand Canyon — is going to cost money (and possibly more than you might think). Opening an Individual Retirement Account (IRA) is a great way to help you save up for a comfortable retirement and all […]

Retirement

Looking for 401(k) Alternatives? Investing Beyond a 401(k)

In your journey to save a comfortable nest egg for retirement, maxing out your 401(k) might be one of your mile markers. After all, a tax advantageous retirement account is an incredible tool to plan for your financial future. But when it comes to investment choices, a 401(k) is just the beginning. Whether you want […]

Retirement

5 Simple Steps to Kick off Your Retirement Plan

Take on retirement planning with our five-week retirement challenge: Everything you need to get started on your retirement savings journey is right here. In five weeks (or faster, if you want to knock them all out at once), you may be well on your way to a more robust retirement plan that could help you […]

Retirement

Should I Max out My 401(k)?

Do you have a mental list of all the things you’re doing to reach your retirement goals? Making and sticking to a budget? ✓ Investing strategically to manage risk and returns? ✓ Maxing out your 401(k) contributions? Well … maybe not. A maxed out 401(k) is one more step you can take that may help […]

Retirement

IRA vs. 401(k): How to Make the Most of Your Retirement Savings

It’s easy to see why saving for retirement is essential. But what’s not always so simple is understanding how best to use different savings options to your advantage. That’s where retirement-specific investment accounts like 401(k)s and individual retirement accounts (IRAs) come in. What’s the difference between IRAs and 401(k)s? Both IRAs and 401(k)s offer tax […]

Retirement

Roth IRA Conversions: How They Work & What You Should Know

As you move through different seasons of life, it’s a good idea to periodically reevaluate your retirement investment strategy and look for opportunities to make the most of your dollars — both now and in the future. One strategy that could be worth exploring? A Roth IRA (Individual Retirement Account) conversion. What is a Roth […]

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