In recent years, Congress has continued to push for changes to retirement accounts as they look for new ways to encourage retirement saving and create tax streams for the budget. Most recently, that includes the Secure 2.0 Act. The Secure…
Many financial advisors and other economic experts advise that most Americans will need between 55 and 80 percent of their pre-retirement income when they retire if they want to keep their current lifestyle.
Capital can be hard to come by, particularly in uncertain economic times. However, one option many people overlook is the potential of their retirement savings. Let’s review some tips that can put you on the most positive road to utilizing your retirement assets, along with some key aspects that it’s important to consider.
You may have a 401k and are needing to figure out if you want to leave it in your current plan, rollover the balance to an IRA, or take a withdrawal and pay taxes now. A number of significant issues call for consideration when making this decision. Learn more here.
