Articles, guides, and reviews about 403b retirement plans.
Where do I put my money after retirement? How do I withdraw from my retirement plan efficiently? When it comes time to start withdrawing money from your retirement accounts, knowing the rules is essential. There are many different options available to retirees when it comes to withdrawing money, and each has its own rules and…
If you’re nearing retirement, you may wonder the best way to save for your golden years. Should you invest in a 403b annuity or mutual funds? Both have pros and cons; deciding which is right for you can be challenging. This guide will discuss the differences between these two investment options and help you decide…
Did you know that the government is planning changes to how taxes are collected? That means there are new things to keep in mind when filing your income tax return. In this guide, we will explore what you need to know about 2022 taxes and provide tips on how to avoid any issues with the…
When it comes to retirement planning, there are many different options. One option that may be unfamiliar to some is the non-qualified annuity. This guide will explore non-qualified annuities and how they differ from qualified annuities. We will also discuss the reasons why you should consider them. Let’s begin our journey. “A non-qualified annuity is…
You must know the early withdrawal penalties if you have an IRA or 401k. The government imposes a 10% penalty for early withdrawals from IRA and 401k accounts until 59 1/2. However, some early distributions are exempt from that penalty — such as in cases of hardship, higher education expenses, or purchasing a first home.…
Annuities can be a complex subject to wrap your mind around. They embody an integral component of the financial world, but the jargon and abstract explanations can make them seem more complicated than they indeed are. Fear not! This guide aims to cut through the financial fog and illuminate the path of understanding. Today, we’ll…
Many people are confused about 403b vs. Roth IRA. 403b is a retirement account you can contribute to through your employer. At the same time, Roth IRA is an investment vehicle for those who have more control over their investments and want to pay taxes now rather than later (although there are many other factors).…
A Roth IRA is a retirement account allowing you to save money and grow your wealth tax-free. With the money you contribute, the government will not take income taxes from it when you withdraw funds in retirement. This post will cover everything an account holder needs about Roth IRA rules! What is a Roth IRA?…
This guide will discuss the key differences between a 457(b) and a 403b retirement savings plan. Employees from: will understand the retirement benefits provided them with one of these three plans. At the end of this post, participants will also learn how to spend their retirement savings efficiently. 457 Plan A 457 annuity plan is…
What should I do with my 401k when I retire? How do I convert my 401k to a reliable retirement income? This guide will compare methods of converting a retirement savings plan (IRA, 401k, Investments) into an efficient income stream during retirement. The process of saving for retirement is commonly understood, save a certain amount…