Which “Retirement” Account Is Best? Retirement Planning Series, Part Two
Which retirement account is best?
It is a fair question, but it can lead people in the wrong direction if the account label becomes the focus. Of the many different types of accounts available, some are considered retirement accounts, such as IRAs and 401(k)s, while others are not retirement accounts at all. Taxable brokerage accounts, Health Savings Accounts, and 529 plans are a few examples.
So, which one is best for the next dollar you invest?
Before deciding which type of account to use, it is important to understand that one of the primary considerations among these accounts is how they are taxed.
Retiring Overseas: Wisdom from Nancy Nelson
Retirement is the start of a new chapter—and for some, that chapter includes a passport and a plane ticket. Whether it’s the pull of adventure, a slower pace of life, or a better bang for your buck, more Americans are exploring what it means to retire overseas.
Retirement Planning Checklist
Retirement is a major milestone. Preparing for this transition requires thoughtful planning to ensure financial security and a fulfilling future. There is more information available than ever for future retirees, making it necessary to filter out noise and get to actionable steps that can add value to your retirement planning process. Here are some things to consider…
Is my retirement plan on track, given inflation and talk of a recession?
As you think about ways you plan to enjoy your retirement, whether it is far in the future or just around the corner, it is natural to worry about your money. In times of economic uncertainty, those worries may escalate.
Investing in Retirement
In retirement, as during your working years, a well-constructed investment strategy considers risk, cost, and asset allocation. When you retire, your financial landscape changes, and your investments may need to change with it.
Will the SECURE 2.0 Act Impact Your Financial Plan?
SECURE 2.0 builds on the SECURE Act of 2019. This new law includes myriad changes that will impact most people’s financial plan now or in the future. Let’s dive into the most prominent items.