Retirement Accounts
Everything you need to know about 401(k)s, IRAs, Roth conversions, and other retirement savings vehicles. Understand contribution limits, tax benefits, and withdrawal rules.
Required Beginning Date: RMD Rules & Deadlines Explained
What is the Required Beginning Date (RBD)? It's the deadline to take your first RMD from retirement accounts. Learn the rules and avoid penalties.
Annuity: Your Retirement Income Solution Explained
Annuity: A contract with an insurer for steady retirement income. Learn how annuities work, their phases, and if they're right for your financial plan.
Defined Benefit vs Defined Contribution: Understand Your Retirement
Defined benefit plans promise a set pension, while defined contribution plans depend on contributions & investment growth. Learn the key differences now.
Pension Plan: Guaranteed Retirement Income Explained
A pension plan is a defined benefit retirement account funded by employers, promising a set monthly income for life. Learn how it works and why it matters for your future.
Solo 401(k): Rules, Limits & How It Works for Self-Employed
A Solo 401(k) is a retirement plan for the self-employed. Learn its definition, contribution limits, and how it helps maximize your savings. Open yours today!
Mega Backdoor Roth: Rules, Limits & How It Works
The Mega Backdoor Roth is an advanced strategy for high earners to contribute more to Roth IRAs/401(k)s. Learn the rules and how to maximize your savings.
Backdoor Roth IRA: Rules, Limits & How It Works
A Backdoor Roth IRA is a strategy for high-income earners to fund a Roth IRA. Learn the 2-step process and its benefits for retirement savings.
Catch-Up Contributions: Rules, Limits & How It Works
Catch-up contributions let individuals 50+ save more for retirement beyond standard limits. Learn the rules and boost your savings today!
Early Withdrawal Penalty: Rules, Limits & How It Works
An early withdrawal penalty is a 10% IRS tax on retirement account distributions before age 59½. Learn the rules and avoid costly mistakes.
401(k) Rollover: Rules, Limits & How It Works
A 401(k) rollover moves retirement savings to another tax-advantaged account. Learn the process and why it matters for your future.
Vesting Schedule: Rules, Limits & How It Works
A vesting schedule dictates when you own employer contributions to retirement accounts like 401(k)s. Understand your rights and unlock your benefits.
Employer Match: Boost Your Retirement Savings Now!
Employer match is free money your employer adds to your 401(k) or retirement plan. Learn how it works and maximize your savings.
SIMPLE IRA: Rules, Limits & How It Works for Small Businesses
A SIMPLE IRA is a tax-advantaged retirement plan for small businesses. Learn what it is, how it works, and its benefits for employers and employees.
SEP IRA: Rules, Limits & How It Works for Small Businesses
A SEP IRA is a retirement plan for employers and self-employed individuals. Learn its definition, contribution limits, and how it benefits your small business.
401(k) Contribution Limits: Rules & How It Works
401(k) contribution limits are the max amounts you & employer can deposit annually. Learn the 2023 limits & how to maximize your savings.
Traditional IRA: Tax-Deferred Savings for Retirement
A Traditional IRA is a tax-advantaged retirement account. Contributions may be tax-deductible. Learn the rules and how to open one today!
457(b) Plan: Rules, Limits & How It Works
A 457(b) plan is a tax-advantaged retirement savings plan for government & non-profit employees. Learn its rules and limits for 2024.
403(b) Plan: Rules, Limits & How It Works
A 403(b) plan is a tax-advantaged retirement savings plan for public school employees & non-profits. Learn how it works and its benefits.
Required Minimum Distribution (RMD): Rules & Penalties
What is an RMD? Learn the IRS rules for mandatory withdrawals from retirement accounts starting at age 73. Avoid penalties and plan your withdrawals.
Roth Conversion: Tax-Free Retirement Growth Explained
A Roth conversion moves pre-tax retirement funds to a Roth IRA, making them tax-free. Learn how it works and if it's right for you.
IRA Contribution Limits: Rules, Limits & How It Works
IRA contribution limits are the max annual amounts you can add to Traditional & Roth IRAs. Learn the 2023 limits and maximize your retirement savings.
Roth IRA vs Traditional IRA: Tax Benefits Explained
Roth IRA vs Traditional IRA: Understand the key differences in tax advantages. Learn when to contribute and withdraw for maximum retirement savings.
Roth IRA: Tax-Free Growth & Retirement Savings
A Roth IRA is a retirement account for tax-free growth. Contribute after-tax dollars for tax-free withdrawals in retirement. Learn the rules and limits.
401(k): Your Guide to Employer Retirement Savings
A 401(k) is an employer-sponsored retirement plan. Learn how it works, tax benefits, and employer match to boost your savings. Start investing today!