When Should I Withdraw from My IRA?

When Should I Withdraw from My IRA?

Consumers approaching retirement may be faced with various investment decisions.

Purchasing a life insurance policy is one option for those hoping to ensure their survivors’ financial security. Traditional and Roth IRAs may also be beneficial. However, rolling funds from a 401(k) to this kind of investment may be difficult for some, according to a recent report by the Wall Street Journal, with many employers hoping to hold onto their workers’ savings.

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How Many Retirement Accounts Should I Have?

How Many Retirement Accounts Should I Have?

Financial planning requires more than just diligently putting money away in a savings account and living a frugal lifestyle. Those who are serious about their financial well-being would be wise to invest their money in various retirement accounts and life insurance. Having a range of investments can help ensure financial security.

Data from Fidelity Investments shows that while some people are being smart with their finances and putting money away in 401(k) accounts, others are actually borrowing against them.

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Tips for saving money

Tips for saving money

“If you want to learn about everyday financial issues, like saving and shopping, credit and debt, buying a home or car, or looking for a job or paying for school, the FTC has information for you,” said Jessica Rich, Director of the FTC’s Bureau of Consumer Protection. “Financial Literacy Month is an ideal time to learn – or teach others – the importance of consumers’ rights, and how to file a complaint if something goes wrong.” according to their latest press release

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