Retirement

10 risks of retirement

Retirement today can be much more complicated than in past generations. 

 

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Rolling Over Funds from an Employer Retirement Savings Plan: What You Need to Know

Rolling Over Funds from an Employer Retirement Savings Plan: What You Need to Know

When you roll over a distribution from a 401(k), 403(b), or governmental 457(b) plan, you generally don't pay any taxes until you receive a distribution from the new plan or IRA. If you take a distribution but don't roll it over, it will be subject to federal (and possibly state) income taxes (except for any after-tax contributions you've made); and if you haven't yet reached age 59½, you may also be subject to a 10 percent early distribution penalty tax unless you're eligible for an exception.1 If you take a cash distribution, you're also foregoing any further tax-advantaged growth; and if you spend the funds, you may not have sufficient assets to last throughout retirement.

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Time can be a strong ally in saving for retirement

Time can be a strong ally in saving for retirement

Father Time doesn't always have a good reputation, particularly when it comes to birthdays. But when it comes to saving for retirement, time might be one of your strongest allies. Why? When time teams up with the growth potential of compounding, the results can be powerful.

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Should I Refinance Before I Retire?

Should I Refinance Before I Retire?

Q: I'm in my mid-50s and I'm preparing to retire sometime down the line. I'm wondering if I should refinance my mortgage as part of my retirement planning. Is that a good idea?

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Closing a Retirement Income Gap

Closing a Retirement Income Gap

When you determine how much income you'll need in retirement, you may base your projection on the type of lifestyle you plan to have and when you want to retire. However, as you grow closer to retirement, you may discover that your income won't be enough to meet your needs. If you find yourself in this situation, you'll need to adopt a plan to bridge this projected income gap.

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Understanding Risk

Understanding Risk

Few terms in personal finance are as important, or used as frequently, as "risk." Nevertheless, few terms are as imprecisely defined. 

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Saving for Retirement and a Child's Education at the Same Time

Saving for Retirement and a Child's Education at the Same Time

You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two?

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Nuts and Bolts: How to Roll Over Your Employer Retirement Plan Assets

Nuts and Bolts: How to Roll Over Your Employer Retirement Plan Assets

There are two types of rollovers: direct and indirect. A direct rollover is paid from your plan directly to your IRA or to your new employer's retirement plan. The funds are never payable to you. An indirect (60-day) rollover is a payment made to you that you later roll over to an IRA or an employer retirement plan.1 When you request a distribution from your employer's 401(k), 403(b), or governmental 457(b) plan that's eligible for rollover, you'll receive a statement describing the tax rules applicable to your distribution and your rollover options.2 You should read that statement carefully.

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Evaluating an Early Retirement Offer

Evaluating an Early Retirement Offer

In today's corporate environment, cost cutting, restructuring, and downsizing are the norm, and many employers are offering their employees early retirement packages. But how do you know if the seemingly attractive offer you've received is a good one? By evaluating it carefully to make sure that the offer fits your needs.

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