I'm 54 With No Retirement Savings Outside of My $4 Million 401(k), but I'm Ready to Retire. What's My Move?Having $4 million in retirement savings places you in a favorable position for early retirement, despite potential withdrawal penalties.
I have a large 401k balance and when I retire I want to take the entire balance and pay taxes on it - is this a smart idea?Evaluate pros and cons of withdrawing retirement funds in a lump sum versus gradually rolling over to a Roth IRA.
I met someone who quit his job of 13 years and cashed out his 401(k) - is this a wise choice?Cashing in a 401(k) for immediate gains can jeopardize long-term financial security and lead to significant penalties.
I know Dave Ramsey wouldn't agree but I think I want to cash out my 401k in order to take care of some debtWithdrawing from a 401(k) early is generally discouraged due to severe financial penalties and potential long-term consequences.
I'm a 63 year old widow with $1.1 million in my 401k and I just retired - should I consider a reverse mortgage?Reverse mortgages can provide needed cash for retirees but require careful consideration of their impact on home equity.Having a substantial 401k offers retirees alternative financial strategies before choosing a reverse mortgage.
I'm 54 With No Retirement Savings Outside of My $4 Million 401(k), but I'm Ready to Retire. What's My Move?Having $4 million in retirement savings places you in a favorable position for early retirement, despite potential withdrawal penalties.
I have a large 401k balance and when I retire I want to take the entire balance and pay taxes on it - is this a smart idea?Evaluate pros and cons of withdrawing retirement funds in a lump sum versus gradually rolling over to a Roth IRA.
I met someone who quit his job of 13 years and cashed out his 401(k) - is this a wise choice?Cashing in a 401(k) for immediate gains can jeopardize long-term financial security and lead to significant penalties.
I know Dave Ramsey wouldn't agree but I think I want to cash out my 401k in order to take care of some debtWithdrawing from a 401(k) early is generally discouraged due to severe financial penalties and potential long-term consequences.
I'm a 63 year old widow with $1.1 million in my 401k and I just retired - should I consider a reverse mortgage?Reverse mortgages can provide needed cash for retirees but require careful consideration of their impact on home equity.Having a substantial 401k offers retirees alternative financial strategies before choosing a reverse mortgage.
I already have almost $2 million saved for retirement - should I still max out my employer-offered 401k?Choosing a primary financial goal simplifies the decision-making process for financing a home, especially when facing investment account options.