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.
Social Security has turned 90! For nearly a century, this program has provided a reliable source of income for retirees, people with disabilities, and families who have lost a loved one. But what role should it play in your retirement strategy? Learn how Social Security benefits work, when it makes sense to claim, and how to weave it into a broader plan for long-term financial security.
When most people think about wealth, they picture numbers on a bank statement. But according to fee-only financial planner Darren Zagarola, true wealth is about something much bigger—freedom, purpose, and living life on your own terms. In this candid conversation, Darren shares how redefining wealth can change not just your finances, but your future.
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.