Are you leaving your job and considering whether to take a distribution from your 401(k), 403(b), or governmental 457(b) plan? If so, make sure you've considered all your options. In general, you have the following four options when you're eligible to receive a distribution from your employer … [Read more...]
Leaving Your Job? Retirement Savings Plan Options
Choosing a Continuing Care Retirement Community
What is a continuing care retirement community (CCRC)? CCRCs are retirement facilities that offer housing, meals, activities, and health care to their residents. These communities appeal to people who are currently in good health, but who worry that they may need nursing care later on. The CCRC and … [Read more...]
U.S. Savings Bonds
Many people had their first experience with saving for the future as children when they received a U.S. savings bond as a gift. Savings bonds are issued by the U.S. Treasury Department. However, unlike Treasury bills, notes, and bonds, they are not traded on the open market, and are sold almost … [Read more...]
What Do Rising Interest Rates Mean for Your Money?
On May 4, 2022, the Federal Open Market Committee (FOMC) of the Federal Reserve raised the benchmark federal funds rate 0.50%. This is part of a series of increases that the FOMC expects to carry out over the next two years to combat high inflation.1 Along with announcing the current increase, … [Read more...]
Planning for Remarriage
If you're planning to remarry, you must decide how you and your fiancé will combine your finances, and you'll need to plan a financial strategy that considers the assets, liabilities, and financial responsibilities that each partner brings to the marriage. You'll find that financial planning for … [Read more...]