401(k) balances are at a near all-time high, leaving retirement savers feeling pretty good about their futures. Eventually though, we all have to take distributions from those accounts. And that’s when some people may realize their nest egg isn’t as comfortable as they previously thought.
401(k) distributions are made with pre-tax dollars; so at some point, everyone has to pay the piper.
Read more about the hidden costs and how to lessen the tax bite in this article published on CNBC.com.
Announcing your age as “and-a-half” dies out around the age of 12. But when you’re older, it starts making a comeback. In fact, starting at age 50, several birthdays and “half-birthdays” are critical to understand because they have implications regarding your retirement income.
We plan all our lives. A house, vacation, college. However, few Americans make plans for their late-in-life years. Have you considered how and where you’ll retire? Will you remain in your home, downsize, or live in a community? This article explores the pros and cons of aging in place.
Parents often face an ongoing struggle – should I save for retirement or fund my children’s education? It’s important to prioritize your needs. Here’s why.