Adherence to a F.I.R.E. (Financial Independence Retire Early) strategy can help a substantial retirement nest egg grow to a ...
For example, if you pulled $200,000 now and qualified under a penalty-free exception, you’d still pay full income tax on the ...
Section 72(t) offers penalty-free early IRA withdrawals with a serious catch: you're locked into fixed payments for years and can't change course.
There’s a record number of 401(k) millionaires now, but even that goal of becoming a retirement millionaire — which may be out of reach for the majority of American workers — is probably still too low ...
Layoffs are often sudden and expected, and as a result, they often leave people in at least a temporary financial lurch. You might start sending out resumes hours within losing your job, and you might ...
A new report on retirement savings paints a worrisome picture: Fewer workers are saving, and only top earners are increasing their contributions from year to year. The analysis, released Nov. 18 by ...
COLUMBIA — It is widely understood that the South Carolina Constitution prohibits judges on the state Supreme Court from serving past the age of 72. Former Speaker of the House Jay Lucas — an attorney ...
Employees enrolled in 401(k) plans will be able to contribute up to $24,500 to those plans in 2026, an increase of $1,000 from last year’s cap of $23,500, the IRS announced Thursday. The new annual ...
Bank of America is launching a new digital platform to help its customers “conveniently convert” their 401(k) retirement investment portfolios into a steady income. Launching November 17, the tool ...
The IRS has announced that the amount of tax-favored funds that you can sock away for retirement is increasing. In 2026, the amount most individuals can contribute to their 401(k) plans will tick up ...