Resource Center - Retirement

Choose from the resource categories below to discover and learn more about personal finance across the topics of budgeting, debt, income, insurance, investing, and retirement.

What is a Vesting Schedule?

Nope, a vesting schedule isn't an itinerary of when you'll wear the faux-fur vest with your outfit and when you'll wear the sporty puffy vest. A vesting schedule determines when you'll be able to exercise (fully access) your stock options or retirement match with a company. In other words, it dictates when you'll get full asset ownership. Let's imagine you start working at a company that gives you a retirement benefit with a 5-year vesting schedule. All retirement contributions that you make... Read More >>>

Tips to Help You Keep Retirement Benefits When You Switch Jobs

The average American changes jobs every 4.6 years, according to a MarketWatch report. Do you think you’ll be leaving your employer – and switching jobs -- before you retire? If so, you might be concerned about your retirement benefits with your current company. What happens to your benefits after you switch jobs? The good news: in most situations, you’ll still be entitled to the retirement benefits you had at your former employer. But there are a lot of loopholes and fine print you should know.... Read More >>>

Working and Receiving Social Security Benefits Are Not Mutually

Did you know you can continue to work and receive Social Security benefits at the same time? It might sound strange, but you don't have to stop working altogether when you retire. You also don’t need to be fully retired in order to start receiving Social Security benefits. You just need to know the repercussions of each situation so you can choose the route that makes the most sense for you financially. This is great news for those who might want to keep busy in retirement by working part-time... Read More >>>

Watch Out for This Retirement Benefit Loophole

Have you ever wondered what would happen if you decided to leave your employer, and then return to work for them down the line? Have you thought about how that might affect your retirement benefits? You should, especially if your employer requires a "vesting period" be completed before you’re eligible for retirement benefits. Many do. In some cases, you can leave and return later on, and have your prior years worked continue to count toward your vesting period. But in some cases, you can't.... Read More >>>

Should You Take Retirement as a Lump Sum? Or Monthly Payments?

Did you know that you might have a choice as to how you’ll receive your payments in retirement? That’s right – the most common form of payment is either a monthly payment, but you can also choose a lump sum payment. You can imagine how that might affect your cash flow and money management in retirement. Let’s take a look at what options are available when it comes to how you receive your retirement benefits. Two Different Plans, Two Different Payment Choices - If you're in a defined benefit plan... Read More >>>

I Have a New Job. What Should I Do With My Old 401k?

Congratulations on your new job! You’re probably facing so many changes that rollover 401k rules are the last thing on your mind.... Read More >>>

How Can I Find Money to Save for Retirement?

Question: How Can I Find Money to Save for Retirement?... Read More >>>