SmartAsset on MSN

Do Pensions Run Out of Money? Rules and Risks

For generations, pensions have been regarded as the gold standard of retirement security, offering guaranteed income you can count on for life. However, funding gaps, longer life expectancies and ...

The 4% rule is now the 4.7% rule, creator says — but here’s what you need to consider before splashing out

It seems the 4% rule is now the 4.7% rule. Three decades after financial planner William Bengen came up with a simple yet ...

I’m my late husband’s 401(k) beneficiary and his employer is forcing me to take distributions — what can I do?

Your spouse’s employer plan may force you into withdrawals sooner than you think. Here’s what you need to know.

Want to Avoid Penalties? Don't Take This Type of IRA Withdrawal

There are also rules limiting your IRA withdrawals. Typically, you'll pay a 10% early withdrawal penalty if you take money ...

IRS just changed retirement catch-up rules — here’s how high earners will pay more

Retirement planning in America is changing for high earners. If your salary crosses $145,000, new IRS rules mean your extra savings must go into Roth accounts. Taxes come first now—but the door opens ...