A 401(k) is worth it for most people, but are you one of them? There are seven pros and four cons to consider. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Do most Americans need a 401(k)? 401(k)s are now the most popular way to … Read more
Are you worried about what happens to your hard-earned superannuation if your relationship status changes? Maybe you’re planning ahead, or perhaps you’re already facing a separation. Either way, the big question is: is my wife entitled to half my super? I’ve been researching this topic extensively, and lemme tell you – it’s not as straightforward … Read more
A Roth IRA is an individual retirement account that allows people under a certain income ceiling to contribute each year — You pay taxes on the contributions you make now, but in most cases, you can withdraw your money in retirement without paying additional taxes. What You’ll Discover in This Article Hey there! I’m super … Read more
Putting your life insurance in a trust is one of the best ways to make sure your family will be taken care of after you die. Your life insurance policy is a significant asset. By putting life insurance in trust you can manage the way your beneficiaries receive their inheritance. Here, we take you through … Read more
Hey there! So you’ve got an old 401(k) from a previous job just sitting around, and you’re wondering what to do with it? You’re definitely not alone. With millions of Americans switching jobs each year (about 3.8 million people quit their jobs monthly in 2023!), there’s a lot of “orphaned” retirement money out there. I’ve … Read more
Let’s face it – deciding between retirement systems can be confusing as heck, especially when both have their own unique advantages. As someone who’s spent years advising federal employees, I’ve seen firsthand how the right choice between Civil Service Retirement System (CSRS) and Federal Employees Retirement System (FERS) can dramatically impact your golden years. But … Read more
Thinking about undoing that Roth conversion you made? You’re not alone Many investors find themselves wondering if they can reverse their Roth conversion decision, especially when market conditions change or tax situations shift unexpectedly. Let me walk you through what’s possible today and what’s changed over the years The Short Answer: Not Anymore (Mostly) I’ve … Read more
When it comes to saving for retirement, youâve got a lot of options to consider. Which savings options make the most sense for you will depend on your timeline, your goals and your risk tolerance. If you are retired or getting close to it, you may be looking for safer investments, such as an annuity … Read more
Would you like to know if you and your spouse can each have your own Roth IRA when you retire? The short answer is YES, a married couple can have two separate Roth IRAs. But to get the most out of your retirement savings, you should know about some important rules, limits, and strategies. I’m … Read more
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Bankrate is always editorially independent. While we adhere to strict , this post may contain references to … Read more