An Individual Retirement Account, most often called an IRA, is a type of retirement savings account that offers special tax treatment when you contribute funds to save for your retirement. Can anyone contribute to an IRA? Not exactly. A set of IRS rules determine if you can make an IRA contribution, the type of IRA you can contribute to, and... View Article
I recently spoke with a good friend from college who had the misfortune to lose his job. Did you have a 401(k)?” I asked him. “I think so,” he responded. “I see money coming out of my check going somewhere.” I continued to inquire. “Do you know how it’s invested? What about a company matching contribution?” My friend paused a... View Article
There are plenty of best practices about how money goes in and grows in a 401(k), but in this article, we tackle the rules related to the age at which you can withdraw from 401(k) plans. By withdrawal, we mean taking money out of the plan (preferably gradually), paying your taxes on the withdrawal amount, and spending it. A rollover... View Article
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