In 2018, you can contribute up to $5,500 to a Roth IRA if you’re under 50, or $6,500 if you’ve reached that milestone. For some, it may take all year to hit that target. But, for others, they’ll max out their contributions before the calendar hits 2019.
An emergency can strike when you least expect it. Maybe your car breaks down, or medical bills start piling up. Whatever the reason, it can be frustrating, especially if you are short on funds. Situations like that may make you wonder if cashing out your 401(k) is the right move. Typically, people have a significant […]
Many people have heard that they need to save $1 million to retire comfortably. While this isn’t necessarily a bad goal, it isn’t accurate for everyone. In fact, each person will have slightly different requirements. You’ll need to account for factors like where you’ll live, your current health, your age at retirement, and much more. […]
Planning for retirement is challenging. Often, you have to anticipate your future financial situation and estimate your needs well before you’ll begin pulling money from your retirement account. This makes it challenging to choose between a Traditional or Roth IRA. Each offers distinct benefits and drawbacks, largely based on the lifestyle you believe you’ll have, […]