You’ve kept your will updated regularly to make sure your assets are distributed according to your wishes upon death. Have you done the same thing with your beneficiary designations? If not, your wishes may not be carried out as you expect.
There are opportunities to trade options using Roth IRAs, but investors must follow many of the same rules that apply to traditional IRAs.
The typical example is an ex-spouse getting all your retirement savings. However, what if you have a child with an opioid addition, you die, and he or she inherits hundreds of thousands of dollars—that vanish in less than a year?
Most of us don’t realize how important it is to save and plan for retirement, until we’re around the corner from that big change. Sometimes you can catch up, and sometimes you have to delay retiring.
Most people who work for a living dream of retirement. However, for many workers, the idea of retirement comes with its own worries. Will there be enough money? Will I be healthy enough to enjoy it?
The big picture presented by the National Institute on Retirement Security is not a good one. Working Americans are completely unprepared for retirement.
Whether or not to roll a 401(k) into an IRA when you are changing jobs or retiring early, does not have a simple yes/no answer. There are a number of factors to consider.
If you forget, you may find that your designated beneficiary isn’t who you want it to be.
Consider these twin concepts—opportunity cost and delayed retirement credits—before you decide