No matter how old you are, it’s never too early to start planning for retirement. While you should start saving as soon as possible, one of the best ways to build a substantial nest egg is to work somewhere that offers employer contributions, like a 401(k). However, for those working in nonprofit organizations, a 401(k) plan is not usually an option. 

Fortunately, many of these entities may offer what’s called a 403(b) retirement account. In this article, we’ll discuss the finer points of a 403(b), as well as compare it to an alternative, the individual retirement account (IRA). Here are the details you need to know. 

For many individuals, the primary concern is to save as much money as they can before retirement. After all, the bigger your nest egg, the less likely you’ll run out. 

However, even if your retirement accounts are bursting at the seams, budgeting is still a necessity. In many cases, without a budget, you could wind up having to dust off the old resume because your funds are starting to run low. 

When talking about retirement planning, most of the focus is on how and where you’ll be saving money. While that should be your primary concern, you also need to figure out what comes after - withdrawing money to fund your retirement. 

In this article, we’ll talk about the different rules regarding traditional and Roth IRA withdrawals. Depending on your situation and your needs in retirement, you can maximize your earnings while minimizing your tax burden. Here are the tips that you need to know. 

This post was last updated on September 30, 2023, to reflect all updated information and best serve your needs.

How do you measure your personal financial health? If you were running a business, you’d pay close attention to its financial health, right? Elements like cash flow, debts, and total assets would be part of your normal routine.

This post was last updated on 31 May, 2023, to reflect all updated information and best serve your needs.

It’s helpful to break your financial life into phases so you can focus on what’s most important right now. Understanding how decisions you make today affect what tomorrow looks like is vitally important. Keep in mind, these phases blend together and don’t always look the same as someone else’s journey.

This post was last updated on December 30, 2023, to reflect all updated information and best serve your needs.

A 403(b) plan or tax-sheltered annuity (TSA) is a retirement account for public schools, colleges, and universities as well as for churches and non-profit organizations. While the account works similarly to other retirement plans like a 401k, there are some differences.

This post was last updated on December 31, 2022, to reflect all updated information and best serve your needs.

No matter how well things are going, disaster can always strike. The best way to turn a disaster into an inconvenience is to have a solid emergency fund. A large setback can have significant consequences for your financial stability and security.

This post was last updated on December 30, 2023, to reflect all updated information and best serve your needs.

You’ve reached many milestones in your life so far, but retirement brings new challenges and opportunities. There are many goals that you may be looking forward to already or maybe you’re going back to the drawing board.

This post was last updated on May 26, 2023, to reflect all updated information and best serve your needs.

Retirement doesn’t mean you’ll no longer need or want to bring in any additional income. This is far from the truth for many people who’ve found ways to generate additional income after reaching retirement.

This post was last updated on July 16, 2023, to reflect all updated information and best serve your needs.

Just because you’re retired, doesn't mean you can’t still have a little side hustle or create new goals. Passive income is a great way to generate a little extra income without feeling like you’re “coming out of retirement” so to speak.