There are several types of retirement accounts that you can use to save for retirement, each with its own set of rules and tax benefits.
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If you have different retirement accounts at various brokerage firms, you may wonder whether you should consolidate them. One listener asked me that very question today. I’ll answer it along wit...
The prior week we introduced some basic tax concepts that everyone should know. This week, we are going to continue to build on that foundation by discussing the different types of retirement accounts...
Good news for those looking to maximize their contributions to retirement accounts, IRS has announced higher contribution limits for 401(k) and Cash Balance Plans....
You may have heard that the Health Savings Account (HSA) is the ultimate retirement account because it’s triple tax-free. Contributions go in tax-free. The balance grows tax-free. Withdrawals ar...
Beneficiaries and retirement account owners born in 1951 in particular may be in luck....
If you're in a high tax bracket now and expect to remain in a high tax bracket after retirement, should you prioritize pre-tax retirement accounts or Roth retirement accounts for individuals? James an...
Today, we are answering your questions about retirement accounts. This is a topic that comes up a lot from readers and listeners, and that is because it can be complicated. Especially when the rules k...
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Retiring early is one of the most common goals I see from our generation. It's an awesome idea to want to be work optional at an early age, but it also...
Lost retirement accounts are a common issue as people change jobs but leave accounts with former employers. Here are some tips for finding the money....
Just a working stiff here. Saving about $40,000/ year in retirement accounts. Self employed so using a SimpleIRA. Another xtra $13000/ year in a taxable Brokerage acct.,and $7500/ HSA Have 1million sa...
I'm looking to retire in the Mediterranean in the next 30 years. But, upon researching, I'm seeing that one would need to have passive income to be able to afford up to $25k - $30k annually if they in...
What is a retirement tool I should be using to help plan for the future? I am 28yo and would like a tool that takes into account my income, retirement accounts, owned properties etc. Maybe something t...
I’m retiring later this year and have a company 401k of $350k. I contacted the company asking about withdrawing after I retire. They told me I would have to choose how long I want to withdraw an...
Hi, This year, i want to fund my tax-deferred retirement accounts IRA, 401k, HSA with my brokerage account sales? My taxable income being in the 0% capital gain bracket (thanks to the retirement contr...
The SECURE Act 2.0 became law in the last days of 2022, and the act provides new assistance for retirement savers, small businesses and many others....
I am not knowledgeable with retirement accounts. I need some assistance. I have 2 prior retirement accounts one with the federal government which I worked for about 4 years and another retirement, 401...
Get the details on 401k contribution limits for 2023 in order to determine how much you want to stow away in your employer-sponsored retirement account....
The IRS requires you to take withdrawals from retirement accounts once you reach age 72. Here's how it works....