For example, if your employer contributes $1 for every $1 you save, up to 6 percent of your pay, do your best to contribute 6 ...

I am looking to retire at 62. I’m single with a 12-year-old daughter, splitting parenting time with my ex-wife. I pay $1,000 a month in child support and I pay for all of her activities, which is ...

“By taking out only the dividend yield ... The bucket strategy involves dividing your retirement fund into three separate buckets, each used for a specific period of time. The first bucket would be a ...

Taking an early withdrawal from your 401(k) is not only costly in the short term, but it can also jeopardize your long-term retirement goals.

A required minimum distribution (RMD) is the minimum amount you must withdraw from your traditional IRA, SEP IRA, SIMPLE IRA, 401 (k), 403 (b), or 457 (b) accounts once a year. No matter when you ...

That’s where the rule of 55 can help. It lets you start taking distributions from your 401(k) penalty-free a little earlier. Here’s how it works — and how it could help fund an early retirement.

Dear Liz: My wife and I are both retired and receiving annuity payments. In addition, we have about $1.3 million in traditional IRAs and $350,000 in another annuity that will pay us each about ...

If you have been considering taking out a loan from your retirement savings, it is important to understand exactly what that entails. Here are a few important things to know first.

Three in 10 Americans are counting on Social Security benefits to live comfortably through retirement, even as the program's funds could soon be depleted.

Plus, you always have the option to withdraw your retirement funds with a penalty if you’re younger than 59 ½. Beyond the 10% penalty you’ll pay for early withdrawals, you’ll also pay ...

Because of the risks of taking out a loan to fund your retirement, Michael Collins, CFA and founder of wealth management firm WinCap Financial, recommends downsizing as an alternative solution.

As suggested by their name, retirement-income funds are also designed to provide retirees with income from fund distributions. The average retirement income fund has paid out 2.4% to shareholders ...