- Roth 401(k) vs. Roth IRA: What Are the Differences?
Roth IRAs and Roth 401(k)s are retirement savings vehicles that allow you to entirely avoid taxes on your investment earnings when you withdraw in retirement. One may be better for you depending on your needs, so understanding the pros and cons of each can help you decide. Ultimately, while they work very similarly from a… read more…
- Medicare Part B: Coverage, Costs and Enrollment
Medicare is a government program that provides health insurance to senior citizens throughout the United States. There are four basic parts to Medicare, designated by letters A through D. Medicare Part B is an optional program for some outpatient services that… read more…
- The Best Places in the World to Retire
There’s plenty to consider when it comes to deciding where you want to retire. Some factors that typically come into play include cost of living, access to hospitals and medical care, retirement taxes and entertainment. In many cases, though, the best… read more…
- Which Type of Retirement Account Should You Open?
Unless you want to work until the day you die, planning for your retirement is a must. There are a number of ways to get ready to retire, but you’ll generally need to open a retirement account to save the money you need. That way you can spend your golden years traveling, relaxing and enjoying… read more…
- How Safe Harbor 401(k) Plans Work
A 401(k) plan is a widely used type of employer-sponsored retirement plan that allows employees to set aside pre-tax dollars for their retirement. Safe harbor 401(k) plans are a special type of 401(k) plan that small businesses use. Though there… read more…
- How 401(k) Plans Work: Company Matches, Tax Rules and More
Of the different kinds of employer-sponsored retirement savings plans, 401(k) plans are the most common. Indeed, an estimated 80 million Americans actively participate in defined contribution plans such as 401(k)s. But you can expect to see this number rise, thanks to… read more…
- Traditional IRA: Tax Rules, Limits and More
With a traditional individual retirement account (IRA), you contribute tax-deductible dollars to an investment account, where they grow tax-deferred. How much you can contribute per tax year is set by Congress. For 2023, it’s $6,500, plus a catch-up $1,000 for… read more…
- 401(k) Tax Rules: Withdrawals, Deductions & More
If you’re building your retirement saving, 401(k) plans are a great option. These employer-sponsored plans allow you to contribute up to $22,500 in pretax money in 2023 or $20,500 in 2022. Some employers will also match some of your contributions,… read more…
- 401(k) Investments: What’s the Right Option for You?
401(k) plans are one of the most popular retirement plans in the U.S., having blown past pensions as the primary employer-sponsored plan. And unlike pensions, 401(k)s require participants to choose where to invest their savings. While the options in most 401(k)s are… read more…
- How to Roll Over Your 401(k) to a Roth IRA
Rolling over your 401(k) plan to a Roth IRA is a taxable event. You’ll have to pay income tax on your contributions, your employer-match contributions and all earnings. Depending on the size of your account, this could push you into a much higher… read more…
- Unclaimed Money: What It Is and Where to Find It
Unclaimed money is cash you are owed from a variety of source that you’ve not gone through the proper channels to get for yourself. It can come in the form of inactive financial accounts, unclaimed retirement assets and tax refunds,… read more…
- What Should Retirees Invest In?
A lot of people spend their adult lives working and saving to prepare for retirement. But once you hang up your hat, you shouldn’t necessarily stop thinking about saving and investing. It’s not simple to know what to invest in, though,… read more…
- Tax Considerations for Inheriting an IRA
Individual retirement accounts (IRAs) first came along in the mid-1970s. This means that the first Americans to make use of these retirement savings vehicles throughout their careers are now headed into their golden years. And consequently, more and more individuals… read more…
- What Is the Annuity Exclusion Ratio?
If you have looked into products like annuities, you’ve probably seen the term “exclusion ratio” floating around. It’s one of the most important factors you need to consider when planning your investments. The exclusion ratio is the portion of an… read more…
- How to Retire in Jamaica
It’s easy to understand why a Jamaican retirement would be attractive to many people. Anyone who’s enjoyed Jamaica’s beaches, lush greenery and beautiful weather could see the appeal of living out their golden years in the country. There’s no denying,… read more…
- Best Places to Retire in Alaska
Perhaps the generic portrait of a retiree lounging on a beach isn’t quite your thing. Instead, you might be considering going in the opposite direction and living in Alaska for retirement. In addition to the state’s abundant natural beauty, you’ll also enjoy a relatively low tax burden. We crunched the numbers to figure out the best… read more…
- The Best Places to Retire in Ohio
Thinking of retiring in Ohio? Many cities in the Buckeye State are ideal for retirees, with low tax burdens, a high percentage of senior residents and plenty of access to recreation and a healthcare. We crunched the numbers to figure out the best places to retire in Ohio. How We Determined the Best Places to… read more…
- Best Places to Retire in New York
A retirement in the Empire State doesn’t have to mean shelling out all your retirement savings for a tiny apartment. You’ll find all the best places to retire in New York in Long Island, north of the city or way upstate. And while you do have to watch out for New York taxes, the upside… read more…
- How to Retire in Germany: Visas, Healthcare & More
Germany has become a popular destination for American retirees due to its reasonable costs, excellent healthcare system and well-kept infrastructure. The weather may not be on the level of Thailand or Portugal, but if you don’t mind some chilly winters,… read more…
- The Best Places to Retire in Maryland
Thinking of retiring in Maryland? You’ll find plenty of company in the following cities and towns, which generally have large populations of senior citizens living there. You’ll also have the peace of mind of being near ample medical facilities. Where Maryland falls short, however, is its relatively high tax burden rates. This means you might need… read more…
- 10 Best Places to Retire in Nevada
If you’re looking for a tax-friendly retirement, Nevada is one of the places to be. In fact, the state has no taxes on income or Social Security benefits. Withdrawals from retirement accounts and public and private pension income are also… read more…
- Where to Open a Roth IRA in 2026
The best Roth IRAs offer a range of funds, low fees and digital tools to help you plan for retirement. We gathered data on the entire Roth IRA universe and narrowed them down to the best eight. They can suit a… read more…
- Best IRAs 2022
The best IRAs offer robust investment menus, low fees and a wealth of tools to help you save for retirement. SmartAsset gathered data on the best IRA providers to help you find the one that’s right for you. We also… read more…
- eOption Brokerage Review
eOption is an easy-to-use online brokerage that is designed to offer affordable trading options. The brokerage can be a good option for those wanting frequent but affordable trading options for typical stocks and funds. We’ll cover all of the most… read more…
- Annuity vs. IRA
Americans look forward to their golden years, but saving for retirement can be an intimidating undertaking. The long-term nature of this type of financial planning calls for good decision-making, so simplifying it is of the utmost importance. Let’s break down… read more…