SmartReads

Reaching age 60 is a major financial milestone, particularly when it comes to your 401(k) retirement savings. While you can access your 401(k) without penalties after age 59.5, there are important rules, strategies and tax implications to keep in mind. As you near or enter retirement, you’ll likely begin to consider how and when to start… read more…

Saving for retirement is only half the battle. Once you leave the workforce, you’ll need a plan for turning your assets into a reliable income stream. Managing how you draw down your nest egg can be just as important as building it. For many retirees, creating sustainable, tax-efficient income is a challenge. Especially while adapting… read more…

Many people who contribute to a 401(k) wonder if they can also make SEP IRA contributions. The answer depends on factors like employment status, income sources and how the SEP IRA is structured. Business owners and self-employed individuals often have more flexibility, while traditional employees generally cannot contribute directly to a SEP IRA unless they… read more…

If you were born in May 1959, you are turning 66 in 2025. This puts you right at the doorstep of traditional retirement age. When you can retire depends on your Social Security eligibility, Medicare enrollment and, most importantly, your financial readiness. While age 66 is often associated with retirement, full retirement age (FRA) for… read more…