Retirement Planning

An annuity is designed to save money for the long-term goals of retirement. However, life being as it is, there may be times when you need to draw on your assets to make it through short-term...

Financing a new business can be a challenging endeavor. In addition to accounting for start-up costs such as supplies, rent, equipment and lease contracts, you need to spend some money on...

One of the main benefits of a 401(k) plan is the ability to borrow against it. A common misconception is that you can take a loan against an IRA account as well. What is possible, thanks to the...

Your 401(k) money should be withdrawn to pay debt only as a last resort. However, there are times when this may be necessary, such as to avoid a lawsuit or garnishment. When this happens, it is...

This article defines everything you need to know about the FHA Insured HECM Reverse Mortgage for seniors over the age of 62. It will educate you on why you should consider it, what the pitfalls...

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...

Retirement savings are one of the most important parts of a person's nest egg. In most cases, they should be treated as sacred, not to be touched until retirement. However, in the case of...

Taking out a reverse mortgage on your home can be a great way to supplement your retirement income, but it is a decision that should not be made lightly. Knowing more about the loan and all of...

Reverse mortgage equity is a loan offered to the senior citizens usually above 62 years old to borrow against the equity in their homes. The bank pays off instead of the homeowner and the...

Getting a loan on your retirement plan should always be a last resort. However, if this is your only choice, you can always borrow from your 401k plan. It's a retirement plan provided by some...

A 401k is a retirement plan that is created and maintained by your employer. Your contribution is taken out of your paycheck and the your company may offer a special program wherein the company...

A 401k plan is a personal financial tool in which an investor regularly pays in to an retirement account. The money that is paid in to the account is tax deferred up to a certain amount. In many...

Sometimes, it is necessary to consider taking money out of your 401(k) for emergency purposes. Of course, the 401(k) is normally intended to invest money tax deferred that can grow over time and...

Saving into a 401(k) program is one of the most popular forms of retirement savings in the United States. 401(k) programs are qualified defined benefit plans, and there are particular IRS rules...

Reverse mortgages tend to be somewhat costly, but the benefits normally make the expense well worth the price. Unfortunately, whenever there is money to be made, you will find unscrupulous people...

Repaying a 401(k) loan usually requires making 60 equal monthly payments over a five-year time period, often in the form of payroll deductions. Repay a 401(k) loan to keep saving money with tips...

The key to borrowing money from a 401(k) is to conduct thorough research to avoid fines and penalties, take out a loan of up to half of the total principal and establish a monthly budget to repay...

Did you know you can withdraw money by taking a loan from your retirement plan? It becomes very tempting to want to take a loan from your retirement plan if you see that the money is piling up...

People invest in 401k plans as a way to provide for their financial security during retirement. Some employers will contribute to an employee's 401k plan as a percentage of the employee's...

The 401(k) plan, an employer-sponsored retirement savings account, is an easy way to save money for retirement. Contributions are normally deducted from the paycheck and placed into an investment...

More people today are looking at their 401(k) money as a way to get out of debt. They figure the money is just sitting there in an account and their debts are growing larger. Thoughts of...

The prime rate generally refers to the rate that banks are willing to loan to their most credit-worthy clients. Find out why prime rate is difficult for the average consumer to get with help from...

According to the ABC News in "Good Morning America" there is a new way to get a loan from your retirement savings or 401(k). Now, before you will rush to apply for this new debit card to...

Some 401k plans have a loan provision, which allows the employees to take out a loan; this may or may not be a good move. If you are going to take money out of your 401k, it should be for a very...

A 401k is a retirement plan that permits employees to contribute their pretax dollars to a financial account. These contributions are then invested in mutual funds, stocks and bonds. There are...

With hard economic times hitting the entire nation, many couples are considering a reverse mortgage loan. Although this program may provide desperately needed income, it is important to consider...

The decision of whether to borrow from a 401(k) retirement plan is not an easy one. Some financial advisers say it's never a good option, while others recommend it under certain circumstances. The...

Having retirement funds sitting in an account that you can't put to use can be frustrating. There are ways to tap into those resources without penalty and here we will go through the process of...

If you find yourself in need of money for an emergency or necessary purchase, home purchase or home repair, you may find yourself in need of a loan. Many people take out home equity loans, also...

While generally you want to leave a 401k money alone until retirement, life has a way of springing little emergencies where that cash could come in handy. Instead of taking a high interest loan...

There is currently a lot of talk in the press about how reverse mortgages can be used to supplement your retirement income. Some sources advocate the use of reverse mortgages while others preach...

When you invest in a 401k plan, it is not wise to access your funds before retirement. Though you can withdraw your money for a specified list of emergencies (pay off college fees, avoid eviction...