Retirement Planning

Reverse mortgages are an opportunity to turn the equity that you’ve built up in your home (after years of paying mortgage) into liquid cash income. It’s a great option for those who have paid off...

IRAs enjoy favorable tax treatment and are an excellent way to save for retirement. But to prevent these accounts from being used for purposes other than retirement saving, the federal government...

Unlike a traditional IRA, Roth IRAs allow for withdrawals that are generally tax-free, under certain conditions. Also, there are fewer withdrawal restrictions with a Roth, but early withdrawal can...

Roth Individual Retirement Accounts (IRAs) are popular with people saving for retirement. There is no up--front tax deduction as with a traditional IRA. Instead, earnings from Roth IRA investments...

Even if you've never worked or paid into Social Security, you can collect on a spouse's benefits if you're 62 or older and were married for at least 10 years. This is true whether your spouse is...

IRAs and 401k plans are two tax-advantaged ways to save for retirement. The money that is put into the account is able to grow tax-free until it is withdrawn at retirement.

Roth 401k plans and normal 401k plans are retirement plans that are sponsored by your employer. Putting money in these plans allows it to grow tax-free as long as it remains in the account.

Depending on where you are working at will depend on what type of retirement you will have. So to take matters into your own hands, here is how to save a great retirement.

Providing untrue information to the Social Security Administration in order to secure disability benefits is a false disability claim. It is illegal whether the claim is for you or on someone...

Roth IRAs and Roth 401ks are tax-advantaged ways to put aside money for retirement. IRAs are managed by you, while 401ks must be offered through your employer.

Social Security is the U.S. federal government program that provides economic assistance to the unemployed, disabled and elderly. It is financed with mandatory contributions by employers and...

A reverse mortgage allows a homeowner to take the equity built up within their mortgage and turn it into a monthly cash flow source.

According to the Social Security Administration, most American workers receive Social Security benefits after retirement. Almost one-third of retirees receiving Social Security benefits are...

Spousal Social Security benefits can be paid to the spouse of a worker who has paid into the Social Security fund. These benefits can be collected even if the spouse never contributed to the fund....

To be eligible for social security retirement benefits you must have at least 40 work credits, earned at a maximum rate of four per year of work. The amount of your benefit is determined by the 35...

Whether you're active-duty military, active reserves or a National Guardsman, you are eligible for some form of retirement benefits when you reach 20 years of service. This benefit is based on...

An Employee Stock Ownership Plan (ESOP) should not be confused with other plans---Employee Stock Purchase Plans (ESSPs), 401k company stock matches, Employee Stock Options (ESOs)---in which...

Most people, especially younger folks, don't spend too much time thinking about their twilight years. Yet, taking care of one's financial security in those post-retirement years should be one of...

There are many experts and websites who help you calculate what you need for retirement. They ask all kinds of questions about your lifestyle, your income, your children, your parents, your life...

The method of calculating pension benefits will depend on whether a pension is a defined-benefit or a defined-contribution plan. A defined-benefit plan uses an established formula, which is the...

There are times in life when you need money, and you need it fast. One source many people turn to when they need cash in a hurry, is their retirement account savings. If you're cashing out your...

SSI stands for Supplemental Security Income which provides additional payments to people who are at least 65 years old or disabled who have minimal income.To be eligible, you must have worked in a...

An employer matched 401k plan can allow the participant to virtually double their contributions.

I didn’t really think a lot about retiring early until my husband lost his job. Suddenly we were faced with a decision. At age 59 should we retire now? My husband sent out his resume to many...

With the price of silver and gold rising as the value of the dollar drops, this article shows you how to figure out how much your sterling silver is worth at the spot price for silver.

Review your money asset accounts with your brokerage firm to ensure you have designated a beneficiary and the assets are not sent to your estate. Assets can be held in street name or in the...

It is extremely important to plan for your future and opening a Roth IRA account is one of the easiest and most flexible ways to plan for retirement. Roth IRA accounts (Individual retirement...

Almost everyone has less income in retirement than they had while working. The trick to a successful retirement is to bring your expenses into line with the retirement income. Changing your...

The IRS does not really want you to take money out of your 401k until you retire. They make this crystal clear by immediately taking a 10% cut (off the top) of any early withdrawals you are...

Annuities are financial contracts provided by insurance companies that allow your assets to accumulate interest on a tax-deferred basis. You fund an annuity with a lump sum payment or periodic...

Americans carry the right to pay the least amount of taxes possible---by legal means. Individual Retirement Arrangements (IRAs) that are passed onto beneficiaries as part of an estate do carry...

Medicare provides health insurance to most Americans over age 65 as well as many disabled people. Most Americans who work at jobs that pay into Social Security eventually become eligible for Medicare.

The Roth IRA has been one of the best investments you can make for retirement. This IRA has been great on saving taxes for the average wage earner. The rules that make up this type of investing...

Available through Social Security, Medicare is the United States' government-run health insurance program designed to assist both the disabled and people ages 65 and up with health care services...

When a loved one passes away, certain financial assets will be inherited by the children or spouse of the deceased. An IRA (Individual Retirement Account) is a relatively new asset within the past...

The Social Security Adminstration provides death benefits to surviving family members, including former spouses, under certain circumstances. Whether you qualify for benefits on an ex-spouse's...

Knowing how to create a dream retirement, will help you to enjoy your golden years. You can use a retirement planning calculator or retirement planning software to figure out how much you will...

Everybody needs to save...everybody knows the basics of taking a certain amount every month and put it towards their future, be it retirement or a purchase of some sort. Knowing and doing...

SEP IRAs (Simplified Employee Pension Individual Retirement Accounts) are employer-created retirement plans that give small businesses a cost-effective way to help their employees save for retirement.

With over 50 million Americans receiving Social Security benefits, many of them rely on Social Security as their sole source of income in retirement. Even if it's your only piece for a retirement...

People often over spend on their retirement. They think they need a $80,000 air stream camper, a $250,000 house, and a $38,000 Buick. What you really need when you retire is a laid back easy...

Section 401(k) of the Internal Revenue Service (IRS) tax code sets forth the provisions for tax-deferred retirement savings plans offered by employers to employees. The 401(k) is a powerful...

Wondering how to qualify for veterans benefits through the Soldiers', Sailors' and Marines' Fund? Every year millions of dollars are given to veterans or this widowed spouses of veterans who were...

Showing that you have confidence in your company by contributing funds to it can bring you considerable gains. Choosing whether to participate in an employee stock option plan involves considering...

Traditional and Roth IRAs (individual retirement accounts) have different rules for contributions and withdrawals. Knowing how the Internal Revenue Service (IRS) treats each type of account can...

Five days a week, 52 weeks a year, Americans pour their talent and sweat into their work, fueling the largest economy in the world. After decades of working, some choose to retire, relax and get...

How can I roll my 401k to a Roth Ira is a question many may need to ask. In some situations it can be worthwhile financially to roll your 401k to a Roth Ira to provide a means of conservative growth.

There are a number of self-employed retirement plans available to workers, but it can sometimes be rather confusing to figure out which one -- or ones -- are the best for you. While individuals...

Even in tough financial times, it’s possible to make money in real estate with your IRA or Individual Retirement account. By using your Keogh retirement account to purchase and resale a property,...

Readers will gain a better understanding of how to effectively manage their retirement assets -- including 401(k) options when unemployed or starting a new job.