Saving for retirement can be daunting, so it’s no surprise that employer-sponsored retirement plans can be a key stepping-stone into the world of investing—and through your investments, to a healthy retirement nest egg. Don’t have access to an employer-sponsored plan? No problem. Here are 5 ways to start saving today.
Whether on-base or deployed overseas, it is crucial that military service members have access to financial education information that enables them to make prudent saving and investing decisions for themselves and their families.
A self-directed individual retirement account (IRA) is an IRA held by a custodian that allows investment in a broader set of assets than most IRA custodians permit. Custodians for self-directed IRAs may allow investors to invest retirement funds in “alternative assets” that have unique risks, including a lack of information and liquidity—and the risk of fraud.
Effective Wednesday, September 1, 2021, FINRA OATS Rules will be deleted from the FINRA rulebook. See Regulatory Notice 21-21 and OATS retirement notice.
As part of the proposed rule change to delete the OATS Rules from the FINRA rulebook, FINRA made conforming changes to the rules relating to FINRA’s Alternative Display Facility (ADF), Trade Reporting Facilities (TRFs) and
When you retire, you need income you can count on, year in and year out for a very long time. From getting a handle on your sources of retirement income to strategies to make that income last throughout retirement, this resource will help you manage your retirement income wisely.
Saving for retirement is arguably the single most important financial endeavor most of us undertake. It takes initiative, planning and consistent saving and investing to create a nest egg to cover a retirement that could stretch two or more decades. No matter where you work or how much you earn, it’s important to start saving as early as possible to take maximum advantage of compounding, which
401(k) and Other Employer-Sponsored PlansEmployer-sponsored retirement plans are just that: retirement plans offered by an employer to help its employees save for retirement. Plans are named for the section of the tax code where they’re described. Most are salary-deferral plans, meaning a plan in which the employee designates a portion of their salary to be deducted and put into the retirement
Navigating your finances might seem impossible at first—maybe you’re facing student loan debt, low income, expensive housing costs or all of the above. But taking a few key steps, like setting financial goals, paying off debt and starting your retirement savings, can help you feel more in control.
Sometimes called longevity insurance, deferred income annuities (DIAs) often are purchased as an alternative to a pension by those seeking a set amount of guaranteed income in their later years. These products are typically sold by investment professionals or insurance agents. DIAs should not be confused with deferred fixed income annuities.
Before you leave the military, take advantage of the many benefits the service provides, and make decisions about replacing those you may lose.
