Investments

A 403(b) is a tax-advantaged retirement plan for employees of public schools and nonprofit organizations. Employees can make contributions from their paychecks and let the earnings grow tax-deferred until withdrawn in later years.   Understanding the tax implications of a 403(b) account can help you determine the best time to withdraw funds. The following guidelines can help.   Tax Implications of a Traditional or Roth 403(b) Consider the tax implications when deciding whethe

A fixed annuity is a stable, long-term investment product offering guaranteed returns and predictable payouts. Insurance companies sell the contracts as stable options for retirement savings.   Tax-deferred growth and protection from market volatility are attractive features of a fixed annuity. However, the investment product lacks inflation protection unless riders are added, and the surrender charges for early withdrawals limit liquidity.   Learning about the pros and cons

If you are changing jobs or nearing retirement, understanding your options for your 401(k) account is essential. Controlling where your money is provides peace of mind.   Whether you withdraw your money or roll it into another retirement account impacts your financial goals and tax obligations. The following information can help guide your decision.   Option 1: Cash Out Your 401(k) Account Cashing out your 401(k) account typically is not recommended: You can ask your former e

Like most employees, you might have a 401(k) account through your employer. This retirement plan helps you save money for your later...

Financial stability is important for everyone. Having adequate income to cover expenses, save for emergencies, and invest for future...

If you’re an employee of a nonprofit organization, you might be able to participate in a 403(b) plan. This employer-sponsored,...

When I worked as a licensed financial coach, many of my clients purchased annuities to provide income during retirement. The investments...

When transitioning from working as a licensed financial coach to building a freelance writing business, I taught myself to write grant...

During my time as a licensed financial coach, I started my freelance writing business. I taught myself to write grant proposals,...

Asking questions is essential as a beginner investor. Understanding what you are investing in, its relevance to your goals, and the...

I opened an Individual Retirement Account (IRA) in my 20s. Saving for retirement as early as possible is important for financial...

I taught myself to write grant proposals early in my freelance writing career. I volunteered to write proposals for a year to gain...

Understanding the withdrawal rules for an Individual Retirement Account (IRA) can be challenging. The requirements differ based on your...

Like most people, you probably have a 401(k) plan through your employer. This tax-advantaged retirement account is an excellent way to...

In my opinion, annuities are among the most confusing investments. The seemingly endless options, features, and benefits can discourage...

I enjoyed educating clients on investing during my time as a licensed financial coach. The financial services industry can be confusing,...

I opened an Individual Retirement Account (IRA) in my 20s to start saving for retirement. If you haven’t started investing for your...

During my time as a licensed financial coach, I learned firsthand about 401(k) plans. I gained insight when a client implemented a plan...

During my time as a licensed financial coach, I created complimentary, customized, confidential plans to help families become properly...

When I was in my 20s, I did not know much about investing. Fortunately, I met a licensed financial coach who educated me on financial...