The traditional 401(k) is a workplace retirement savings plan that allows you to save for retirement with contributions taken straight out of your paycheck—before taxes. Those automatic contributions are a super convenient way to make sure you’re consistently building your retirement savings, which is awesome. And that plan—the traditional 401(k)—was the only game in town … Read more
Most of the time, saving for retirement is best done in later years. However, some 401(k) plans let you take money out early if you have a qualifying financial hardship. Here’s an overview of 401(k) hardship withdrawals, including how they work and what qualifies as a hardship. Understanding Hardship Withdrawals in 2025: Documentation Requirements Made … Read more
When designating beneficiaries for a retirement account, one option is to leave the money to a trust. In the financial world, estate planning lawyers and financial advisors have been arguing about the pros and cons of this path for a long time. Thinking about naming your revocable trust as the beneficiary of your IRA? You’re … Read more
The future looks bright for the next generation of retirees. People are living longer and approaching retirement with a renewed sense of purpose. With more life to look forward to and more passions to pursue, its essential to build a nest egg that lasts a lifetime. Annuities are products that can provide ongoing payments through … Read more
Another study shows that the dream of retiring in comfort for most Americans is now a little less out of reach. Do you have enough socked away?. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. For many people, retiring with enough cash to live comfortably … Read more
In a 401(k) freeze, an employer temporarily halts all new contributions to and withdrawals from its 401(k) plan. When two companies merge, your 401(k) plan may be frozen while the new company figures out what to do with the plan it took over. You can either wait and see what the company does, or you … Read more
It’s possible to have an IRA savings-type account, an IRA investment-type account or both. Here are the benefits of each. Let’s face it – we all want our retirement savings to be safe as houses But when it comes to Individual Retirement Accounts (IRAs), many folks wonder is there actually risk involved? The short answer … Read more
Do you want to avoid paying taxes on the money you take out in retirement? With a Roth IRA, you can make that dream come true, but only if you know the rules. As someone who has spent a lot of time researching retirement options for clients, I can tell you that knowing about “qualified … Read more
James joined Citizens Securities Inc. founded in 2022 and is in charge of selecting and managing the ETFs, mutual funds, and portfolio models made with these investment products. As a strategic partner, he has over 30 years of experience in financial markets focused on a broad array of public and private equity and fixed income … Read more
Important information – the value of investments and the income from them, can go down as well as up, so you may get back less than you invest. Most of us know we need to save for our future – but how much is enough? There are several ways you can answer that question. You … Read more