Check Your Retirement Benefits

It’s important to plan ahead, especially if you’re getting ready to quit earning income. In the years leading up to retirement, check your retirement benefits regularly to ensure that you’ll have enough income to successfully make it through retirement. Double (and triple) check the numbers, because it’s hard to go back to work after you’ve […]

How to Take your Required Minimum Distribution (RMD)

After you reach age 70.5, the IRS requires that you take distributions from pre-tax accounts. The reason is that the money has never been taxed before, and removing that money from tax-deferred accounts will result in revenue to the US government: when you take a distribution, you’ll generally owe income taxes.   Uncle Sam doesn’t […]

Xero: A Cloud-Based Dashboard Trying to be the Best

Disclosure: products and services described in this post may be affiliates, and they may pay (or have already paid) this website for helping with promotion. We try to remain impartial and only mention worthwhile products and services, but you should know if there’s a potential conflict of interest or bias. Xero is an accounting software […]

Start your Own 401k (With or Without an Employer)

We’re increasingly on our own when it comes to saving for retirement. In previous generations, it was normal to have a defined-benefit plan (also known as a pension) to support you after you stopped working. Now, most people are left with defined-contribution plans like 401k plans. There’s also Social Security, but that’s not getting any […]

Adding Money to your 401k by Check

401k plans are workplace retirement plans. Unfortunately, that usually means you can’t just write a check to your 401k to add money – the funds need to come out of your paycheck. If you’ve got extra money in the bank and you want to get it into your 401k, you’ll have to get creative. There […]

When Debt Brings you Down

This post is part of the World Suicide Prevention Day blog tour. If you or someone you know is feeling suicidal, please call the National Suicide Prevention Lifeline at 1-800-273-8255 or visit Being in debt – a lot of debt – can be overwhelming. For some, it can become a dangerous situation. This article is intended to be a resource for those who […]

Signing up for your 401k? What you Need to Know

Signing up for your 401k can be complicated – but it’s probably not the most difficult thing you’ll do this month. The most important thing is to simply get it done so that you can let it run on autopilot while you build up savings and focus on other things. If you’re not sure where […]

Money and Happiness

They say money can’t buy happiness, but the situation might be more complex than that. It’s certainly true that wealthy people can be miserable and poor people can be extremely happy, but money can have some effect on your level of happiness. It might even make a huge impact in your life. The popular saying about […]

Should You Invest in Stocks? It Depends

When saving for your goals, investing in the stock market is just one of your options. But it’s a confusing and sometimes scary option, so you might wonder if it even makes sense to invest in stocks. Should you Invest in Stocks? Why? As with any financial topic, the only responsible way to answer the […]

How to Sell an Annuity (or Payments)

Annuities do not have a reputation for being flexible, but you can often sell your annuity and get cash if you need to. Getting out of an annuity may be difficult – and expensive – so it’s not a decision to be taken lightly. There are generally two ways to get a lump sum from […]