401ks & IRAs

Although you may divide an IRA without a specific court order during your divorce, doing so can result in unnecessary tax penalties. To avoid these penalties, you will need to make sure that your...

One of the key benefits of an IRA (Individual Retirement Account) is that the owner is able to name a beneficiary on the account. In fact, he can name several, as well as contingent beneficiaries...

An extremely early retirement, that is, retiring in your thirties, is possible if you save 50-75% of your income and invest it instead of spending it in houses, cars, and other things. The...

Calculating the required minimum distribution of an inherited IRA account is a relatively simple matter that involves three steps, and you have some latitude in how the distributions are taken....

A tax-qualified retirement plan similar to a pension for non-cathedral or unqualified government employees is a 457 Retirement Plan. Eligible plans limit the amount to be deferred with ineligible...

One thing the current recession has taught us is to be honest with ourselves. The financial picture we think we have may not always be accurate. Here are a few ways to get honest about our...

Converting a traditional IRA to a Roth IRA can offer major tax benefits during retirement. However, there’s a tradeoff--a larger tax burden in the year that you convert. While it is...

If you have an employer offering a less than stellar retirement plan, or if you are tired of moving your retirement savings every time you change jobs, you should consider opening you own Roth or...