Before signing a contract, make sure you understand both the pros and cons. Key Takeaways Retirement annuities promise guaranteed income for a retiree until their death, and sometimes after...
the pros and cons before you make any decisions. Even if you can afford to retire early, you... Other studies, however, have suggested that retirement can be hazardous to your health, as we...
Did you know you may be able to take your 401(k), 403(b), or 457 plan and roll it into another type of retirement account while you are still working? Let’s look at how these rollovers can happen and the pros and cons of making them. To start, some basics. Distributions from 401(k) plans and most other employer-sponsored retirement plans are taxed as ordinary income, and if you take one before age 59½, a 10% federal income tax penalty commonly applies.1 In addition, 20% of the withdrawn amou...
Indexed universal life (IUL) insurance policies that combine a death benefit with a savings account have become popular with retirement savers looking to balance life insurance protection with growth. Part of the premium paid for one of these policies goes into a cash account that earns interest based on the performance of a stock market index rather than at a rate set by the insurance company. Policyholders can tap the cash account via tax-free loans or withdrawals and modify premiums they pay ...
Advertiser disclosure The Pros and Cons of a Roth IRA Roth IRAs might seem ideal, but they... Roth and Traditional IRAs In the world of retirement accounts, Roth IRAs are the favored child....
It's also wise to think through the financial repercussions of an early retirement. Here experts weigh in with the perks and drawbacks to keep in mind when retiring at age 50. Many people...
Take charge of retirement savings by learning the pros and cons of target-date funds, also called life-cycle funds, and how they fit into your portfolio.
Annuities are a great way to secure guaranteed income as part of your retirement plan. Like any other retirement savings tool, annuities come with advantages and disadvantages. “Annuities are the only product in the entire financial universe able to provide guaranteed income for a set period of time,” says Ryan Brown, a partner at financial planning firm CR Myers & Associates in Southfield, Michigan. Let’s take a closer look at the pros and cons of annuities, and how they can help your ret...
Annuities can be confusing, but they can also be a great way to cover your retirement expenses. Consider annuity pros and cons.
Considering a move for your golden years? Here are the pros and cons of relocating for retirement in today’s housing market.