Are you thinking about withdrawing money from your retirement plan early? An estimated 1.5% of 401(k)s and IRAs assets leak out each year through loans, cashouts, and early withdrawals—so, you’re not alone. $26.1 trillion Total assets in retirement accounts (Source: Investment Company Institute) But how will this financial move impact your taxes and future? The […]
32% Percentage of Americans on target to cover their current expenses when they retire. No matter what stage you are in life, there are tweaks available to improve your path to retirement. Whether you are just starting out or about to hit retirement, we have tips on retirement planning by age for you. This comprehensive […]
Have you ever wanted to align your investment portfolio with your fundamental values? If so, it’s easier now more than ever. Companies like Swell Investing are making socially responsible investing a popular way for people to find companies that match their values without sacrificing a diversified portfolio. One drawback, though, is that you could miss out on […]
Blooom is an online wealth management company that helps everyday-people manage their employer-sponsored retirement accounts. Since its founding in 2013, it has acquired 23,000 clients and over $3 billion in assets. The company came about when the founders recognized a large gap in the investment management industry. At the time, they managed the portfolios of […]
A Roth IRA is an individual retirement account that allows you to set aside a specified amount of after-tax income each year. Over time, you earn interest on it and, after you turn 59 1/2, you can withdraw your savings and earnings tax-free. The amount you can contribute is updated each year, along with other […]
Investing in the stock market can feel like trying to play a game of chess without being taught the rules. You know the general goal of the game, but you need someone to explain the position and legal movements of the pieces. Then you can learn how to combine them into a coherent strategy. If […]
If you feel like investing is a game that is rigged to favor the wealthy, you’re right. Some of the most lucrative investments opportunities, such as hedge funds and private equity funds, are only open to people who already have a $1 million in liquid assets or an annual income of more than $200,000. In […]
Once upon a time, the word ‘retire’ was associated with becoming inactive and getting old. Today, retiring no longer carries those connotations. Instead, having the drive and discipline to save enough to retire early is seen as a sign of success. We explored the lives of 10 people who were retired before 40 and are […]
Saving for retirement is like exercising, healthy eating, and not smoking. Noble goals we don’t always get round to. This article will give you 9 ways you can start saving for your retirement today (or the next business day). We will also see how low-cost wealth management companies and brokerages can help you diversify your […]
Providing a relatively painless way to save for retirement, employer sponsored 401(k) plans continue to be one of the most popular ways to stash cash for our later years in life. According to the Investment Company Institute’s 2014 annual report, as of last June, 401(k) plans held an estimated $4.4 trillion in assets. If you […]
SuperMoney is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc. All products, logos, and company names are trademarks™ or registered® trademarks of their respective holders. Their use does not signify or suggest the endorsement, affiliation, or sponsorship, of or by SuperMoney or them of us. SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). SuperMoney strives to provide a wide array of offers for our users, but our offers do not represent all financial services companies or products.
We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.
