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Tag: 401k Advice

Sequence of Returns Risk: Why the Early Retirement Years Matter

Two people can retire the same year, with the same savings, and earn the same average return over time. One runs low on money. The other is fine. The difference often comes down to one thing: ...

The Roth IRA 5-Year Rule: When It’s Not Tax-Free

Your Roth IRA is tax-free in retirement, except when it isn’t. Plenty of retirees spend decades building a tax-free pot of money, then learn the hard way that part of it is neither tax-free nor penalty-free. ...

How your 401k Withdrawals Can Spike Your Medicare Costs

How One Big Withdrawal Can Spike Your Medicare Premiums (and How to Avoid IRMAA) Pay off your mortgage, fund a renovation, or help a child with a down payment, and you could accidentally raise your Medicare ...

What Most Retirees Get Wrong About Their Retirement Withdrawal Order

The order you take money out of your retirement accounts can cost or save you thousands in taxes. Most people get the retirement withdrawal order backward, and they never see the bill coming. Here’s the short ...

Average 401k Balance at Age 60 – June 2022

If you are reading this right now, the chances are good that your 401k balance has taken a beating. The Vanguard Group, one of leading 401k providers in the United States, offers a wonderful publication called ...