Rolling over a 401k to an IRA is a hassle. I know from personal experience. Capitalize, a venture capital backed technology company, looks to take the hassle out of 401k rollovers. The company offers a free service that handles all of the paperwork to safely transfer a 401k to an IRA. It never has access…
Summary: In most cases, distributions from a 401k, IRA or other retirement account before the account owner reaches the age of 59.5 are subject to a 10% penalty. There are, however, a number of exceptions. Some of the exceptions are unique to IRAs, while others are unique to 401k and other Workplace Retirement Plans. Hardship…
Moving from a regular paycheck to living off of your nest egg is not an easy transition. At least it hasn’t been for me. One of the many decisions retirees must make is how much cash should they have in the bank. For some it’s a question of budgeting. They keep enough to pay the…
It costs money to invest. We pay all types of fees, some obvious, some not so obvious. In this article I’m going to walk through the most common investing fees you are likely to encounter. Then we’ll examine just how destructive a seemingly small amount of fees can be to your wealth and retirement. Do…
Opening an IRA account is an important step towards saving for retirement. The best IRA accounts have low fees, a wide array of investment options and tools that make investing easy. Summary of Best IRA Accounts Betterment Best Robo for hands-off investors I met the founder of Betterment, Jon Stein, about 10 years ago. Since…
The 4% rule is a rule of thumb that can help you figure out how much money you can spend each year in retirement without going broke. If you’re many years away from retirement, you can also use it to figure out just how much money you’ll need to retire. This article is the first…