For example, theThrift Savings Plan (TSP)—adefined-contribution planfor federal employees and members of the uniformed services—requires that the division of assets be clearly spelled out and referred to as the TSP balance directly in the divorce decree. Aqualified domestic relations order (QDRO)...
Roth IRA: What It Is and How to Open One lechatnoir / Getty Images Contributing to a tax-advantaged retirement account comes with rules that make it difficult to get your hands on your cash should you suddenly need it. Understandably, these controls are one reason people can feel reluctant...
Finally, stock market returns range from 7-10% overlongperiods of time. But the market has often lost money overshortperiods. You cancheck out this chartto see the stock market's full history of bull and bear markets. So if you want to learn how to invest in stocks successfully, a long...
Opening a Roth IRA ARoth IRA must be established with an institutionthat has received IRS approval to offer IRAs. These include banks,brokerage companies, federally insured credit unions, and savings and loan associations. Generally, individuals open IRAs with brokers. ...
Notably,457 plansare available to employees of certain types of nonprofit businesses as well as state and municipal employees. TheThrift Savings Plan (TSP)is used for federal government employees, while529 plansare used to fund a child's college education. ...