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.
Many seniors are carrying debt in retirement, representing a serious problem for some. Let’s discuss good debt vs. bad debt and how debt in retirement can impact one’s financial independence.
Millennials often get a bad rap. Yet despite their financial hurdles, new research shows they may be on track to surpass their elders when it comes to saving for retirement!
As you near retirement, you need to consider how your cash flow will change. Where you want to live is one of the most consequential decisions you may make. Should you age in place or downsize?