Every day, more than 10,000 baby boomers reach retirement age. Many of these workers are asking themselves questions like “should I transfer my 401(k) to an annuity?” and “can I move my 401(k) without penalty?” â Both are questions that involve a 401k rollover strategy. The first question is an easy one. Your 401(k) can … Read more
Choosing the ideal retirement age is a very personal decision that takes a number of lifestyle and financial factors into account. Retirement is the ultimate goal for many workers. This is the moment to step away from the daily grind and concentrate your energy on achieving your goals rather than following orders from your superior. … Read more
Most people never reach $1 million in savings. Indeed, the average asset base of my clients ranges from a few hundred thousand to a few million. Yet, they manage to retire comfortably. In light of these more reasonable thresholds, let’s examine what it would look like to retire on $500k. In the end, everyone who … Read more
One of the most crucial components of retirement planning is determining a realistic retirement age. When deciding when to retire, you should take into account a variety of factors, such as your life expectancy, your outgoings, and the income from both public and private pensions. Here’s how to go about it. Get advice on pensions … Read more
Probate is the legal process of settling a deceased person’s estate, ensuring their assets are distributed according to their wishes and all debts and taxes are paid. While it may seem straightforward, the process can be complex and often involves various fees, which can significantly impact the amount of inheritance beneficiaries receive. This comprehensive guide … Read more
If you choose to leave public service, you have two options as an OPERS member: you can either leave your account on deposit with OPERS or get a refund of your contributions. Both options will impact your status with OPERS. Specific information about Traditional Pension Plan refunds can be found on this page. To learn … Read more
Dying without a will is a common occurrence, but it can lead to significant complications for your loved ones. When you die without a will, you are considered to have died intestate. This means that the state will decide how your assets are distributed, rather than you having the opportunity to express your wishes. This … Read more
We are an independent, advertising-supported comparison service. Our objective is to empower you to make confident financial decisions by giving you access to interactive tools and financial calculators, publishing original and unbiased content, and allowing you to conduct free research and information comparisons. Issuers that Bankrate has partnerships with include American Express, Bank of America, … Read more
A Comprehensive Guide to Asset Allocation in Retirement Retirement is a time to relax and enjoy the fruits of your labor. But it’s also important to be financially secure, so you don’t have to worry about money. One of the most important decisions you’ll make in retirement is how to allocate your assets. This means … Read more
Keywords: Government Pension Offset (GPO), Social Security, Spousal Benefits, Widow(er) Benefits, Non-Covered Pensions, Federal Pensions, Retirement Planning Many individuals who have worked for state or local governments or non-U.S. employers may be eligible for both a government pension and Social Security benefits. However, a little-known provision called the Government Pension Offset (GPO) can impact the … Read more