Retirement

Setting up your 401(k) contributions isn't rocket science, though it can feel that way, especially to those who aren't sure how much retirement will cost. There isn't a universal magic number, but there are a few pretty simple strategies you can use to come up with your retirement savings number right now.

Retirement will come, the question is will you be ready? The choices you make about your contributions and investments are up to you. Here is why it is essential to jump start your savings so you can retire well.

Nobody likes to pay taxes, but it's especially hard for older Americans to deal with an unexpected tax bill. Given how many people live primarily on fixed incomes from Social Security and other sources, many don't have much extra cash to pay any more than absolutely necessary to the IRS.

These FAQs provide a summary of some of the changes within the SECURE Act. Several of these provisions will require interpretation from the IRS and other agencies. As with all financial matters, you should contact tax and financial professionals as it relates to your own personal circumstances.

6 Key reforms may help make retirement planning and saving a little easier.

If you are contributing to a 401(k) plan, you probably enjoy seeing those savings increase each year. When you change jobs, you may think of that money as a way to pay moving expenses and other costs connected to starting a new position. Or, you may think of the account as a way to save for a house or another large purchase, or to borrow money for your child's education.

There's a burgeoning movement spearheaded by millennials called FIRE, which stands for Financial Independence, Retire Early. In numerous blogs, FIRE proponents share stories about retiring in their 30s and the ways to achieve it. Country living, simplicity, leisure, freedom -- here we come.

A key component in this plan is having the money to live an enjoyable life. But picking the right retirement plan can be confusing. In this post, we aim to simplify things and help you make a more informed choice.

Saving for retirement doesn't have to be a daunting task. In fact, one of experts' most-recommended retirement accounts can make saving virtually effortless.

Companies seeking to reduce or refresh their staff frequently offer employees a package of incentives to encourage them to leave their jobs voluntarily, often before their customary retirement date.

If you’re decades away from retirement, you may not think it’s necessary to start saving yet as your money can be better spent elsewhere.

Matching is a terrific benefit, and approximately 92% of companies that offer 401(k) plans provide a match. To make the most of your employer match, you need to understand when the funds legally become yours, through vesting.

While saving for the future isn't easy, there is a simple trick that can help you save more.

Now that we are working adults, retirement, like waiting for adulthood, may seem far off into the future but looking back we can see it came all too fast. Below are a couple thought-starters on what your best retirement could look like.

Do you have a set age in mind at which you want to retire? Are you just going to wait until you are in line for full Social Security benefits? Or are you going to make a decision based on your asset level and what that means for your retirement status?

The following steps can help you understand what you should consider as you plan for retirement.

If you inherit an IRA, you must follow the timing rules for withdrawing money from the IRA or face a stiff penalty. Read further to learn more about your options.

Have you found yourself in this situation? You’ve changed jobs a few times, and have money in your former employers’ retirement plans.

We repeatedly are told to prepare for retirement during our working years.