Retirement Plan holders who take a distribution before 59 ½ are typically subject to tax penalties for withdrawing those funds. But what if you leave your job and need to move your 401(k), or what if you find a higher interest-bearing retirement account than your current plan holder offers? Understanding the IRA rollover rules for 2023 can help you streamline the process of transferring those funds and avoid tax penalties that can otherwise affect your nest egg. How Do Rollovers Work? [...]

When it comes to saving and preparing for retirement, many Americans find themselves needing help. Studies show that the retirement income gap is steep enough that if it continues at its current trajectory, six major economies will outlive their savings by eight to twenty years. That’s why policymakers revamped the SECURE Act of 2019 to empower individuals to reach their savings goals. Here’s everything you need to know about the Secure Act 2.0 legislation and how it can provide more flexibility [...]