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Tax-Efficient Retirement Withdrawal Strategy

Tax-Efficient Retirement Withdrawal Strategy 1

When you stop working and have to start withdrawing money from your retirement accounts, you have to decide the best way to withdraw money from different accounts. Do you take money out of your tax-free accounts like Roth IRA and Roth 401(k) first? Or do you withdraw from your tax-deferred accounts like Traditional IRA and … Read more

The Average Retirement Savings by Age

The Average Retirement Savings by Age 21

Are you saving enough for your retirement? How are you comparing to other Americans? In this article, we will be looking at average retirement savings by age group in the United States. This article is using the information found in the Economic Policy Institute’s The State of American Retirement article, which based their information on … Read more

What is a 401(k) Plan and How Does It Work

What is a 401(k) Plan and How Does It Work 35

The easiest way to get started saving for retirement is to use your employer’s 401(k) plan. A 401(k) is a retirement savings plan sponsored by your employer. It lets you save and invest a portion of your paycheck before income taxes are taken out. The specific rules and investment options vary from plan to plan, … Read more