Discover how a couple nearing retirement increased their probability of success from 83% to 84% and added $200,000 to their projected inheritance through strategic retirement planning. Learn about international diversification and Social Security optimization.
"Required Minimum Distributions (RMDs) are mandatory withdrawals from your tax-deferred retirement accounts, such as 401(k)s and traditional IRAs, starting at a specific age. The age at which you must start taking RMDs is primarily determined by your age, not your employment status. However, if you're still working for the company that sponsors your 401(k), you generally don't have to take RMDs from that account. If you have multiple retirement accounts, you'll need to calculate and withdraw RMDs from each eligible account. Failing to take your full RMD can result in a significant penalty, typically 50% of the amount you should have withdrawn."
Not sure if you should contribute to your 401(k) when your employer already does? Discover the benefits of maximizing your retirement savings, including tax advantages, employer matches, and long-term growth potential. Learn how to make informed decisions about your financial future.
Learn how to optimize your retirement savings by combining a Roth IRA and a 401(k). Discover the benefits of a Roth IRA, especially when there's no employer match, and how to strategically allocate your contributions for maximum growth.
This blog will remind readers that it’s never too late to start a retirement fund and provide some tips and considerations for those starting to save later in life.
In today’s digital age, the convenience of online banking is undeniable. However, not all online banks are FDIC insured, which can put your hard-earned money at risk. This article explores the importance of banking with FDIC-insured institutions, the risks associated with non-FDIC insured banks, and how to ensure your bank is FDIC insured.