If you want to live the retirement of your dreams, you’re going to need funds to support you. Cue the retirement plan. Saving enough money can seem intimidating, especially if you don’t have an employer-sponsored fund. The good news is that retirement funds with advantages that help you...
If you’re wondering how to catch up on retirement savings, one of the best ways is to pay off any high-interest debt as quickly as you can. Instead of spending on interest charges, you can divert those funds to your retirement savings. Thanks to compound interest, these new funds you ...
Learn what are the different rules for RRSP withdrawal. Before you decide to withdraw, contact an investment professional to help you understand your options.
After resigning from North Carolina state service, you can withdraw retirement funds. North Carolina requires all its state employees and teachers to pay 6 percent of each paycheck into a retirement fund over the course of their employment with the state. If you're a North Carolina employee and...
Another popular option for retirement saving is the401(k), which is established through your employer. The 401(k) allows you to invest automatically straight from your paycheck, so many people don’t notice that the money is being diverted to their retirement account. The biggest perk of the...
Social Security Fairness Act: What It Is Some people haven't received all their Social Security benefits, even though they paid into the system. A new law changes that. Maryalene LaPonsieJan. 10, 2025 8 Jobs That Welcome Older Workers ...
Retirement is just around the corner for Gen X. Here’s what they need to know. Maryalene LaPonsieJan. 9, 2025 Preparing to Retire in 2026 Managing taxes and staying ahead of inflation are among top concerns for soon-to-be retirees. ...
When you withdraw funds from a savings account, you’re missing out on the compounding interest you’ll get on those funds in the future. If this is a tax-deferred retirement account, you may also have to pay an early withdrawal penalty on top of the tax you’ll have to pay the IRS...
The 4% rule says people should be able to withdraw 4% of their retirement funds in the first year after retiring and take that dollar amount, adjusted for inflation, every year after for approximately 30 years. The rule seeks to establish a steady and safe income stream that will meet a ...
Retirement planning is amultistep process that evolves over time. To have a comfortable, secure—and fun—retirement, you need to build the financial cushion that will fund it all. The fun part is why it makes sense to pay attention to the serious—and perhaps boring—part: planning how yo...