Retirement

Retirement occurs when you stop working and earning income. Many people's financial pictures change dramatically when they retire.
All Questions: Retirement
Posted January 19, 2017
Dave Anthony

Dave Anthony

CFP®, RMA

Maybe--you can only find the correct answer to that question by doing a thorough analysis of what your options are and what retirement assets you have...

Posted January 18, 2017 · Ft Wayne, IN

"Unearned income" is generally not considered when determining SS Disability payments. Unearned income may be from your investments or a pension plan...

Posted January 17, 2017 · Sacramento, CA
John C Brandy

John C Brandy

CFEd, AAMS

It's possible that you don't actually have an annuity - at least not one you can take possession of. Pension plans like 401(k) plans can have many di...

Posted January 17, 2017
Mark Smith

Mark Smith

CFP®, CPA, ChFC, CLU

The short answer is there is probably nothing to be done at this point. IF your dad would have qualified for SSDI at 64, it would have converted to a...

Posted January 13, 2017

Yes, you can withdraw funds from your 401(k) at age 59.5 and you'll simply need to claim the withdrawals as income and pay income tax (unless, of cour...

Posted January 13, 2017 · Houston, TX

Vesting is determined by how many hours worked in a given plan year. Typically 1000 hours is required. If you were a salaried employee and your plan i...

Posted January 13, 2017

Depending on your age, your best move is to roll over your 401k assets to a Traditional IRA account.

If you are 59 1/2, you can withdraw the money b...

Posted January 12, 2017
Eric Jorgensen

Eric Jorgensen

CFP®, ChFEBC

Short answer - yes, it should be possible to roll over into an IRA. You need to check a couple things:

1) Do any of the annuity contracts have a surr...

Posted January 12, 2017 · Los Angeles, CA
Mark Struthers

Mark Struthers

CFA, CFP®

Yes, most likely. If your husband had not retired you should be able to choose between an annuity (a fixed cash stream, like Social Security but usual...

Posted January 12, 2017 · Cleveland, OH
Mark Struthers

Mark Struthers

CFA, CFP®

Take the match, then max out the Roth, unless your fees and and investment choices are really, really, really bad.

You are on the right path with the...

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