Can You Withdraw Money From an Annuity? | SoFi
Annuity contracts are designed to provide retirement income. Retirees can withdraw money from an annuity, or take early withdrawals, but terms vary. Learn more.| SoFi
Annuity contracts are designed to provide retirement income. Retirees can withdraw money from an annuity, or take early withdrawals, but terms vary. Learn more.| SoFi
A SIMPLE IRA is not the same as a Traditional IRA — they have key differences. Here’s a rundown on a SIMPLE IRA vs. Traditional IRA.| SoFi
There are important differences between a rollover and a transfer when making a change to a retirement account.| SoFi
According to IRS rules, you must begin to take required minimum distributions (RMDs) from your IRA when you reach a certain age. Learn how RMDs work.| SoFi
One common question is—what’s the best option: an IRA or a 401(k)? The answer is: over time, you’ll probably use both. Keep reading to learn more!| SoFi
There’s no limit to how many IRAs you can have. Multiple accounts may help lower your taxes now and in retirement. Learn more about the rules and restrictions.| SoFi
Early retirement — everyone wants to do it, but how? Here are tips and strategies you can try to make an early retirement happen.| SoFi
Using a 401(k) to buy your first home may not be the best option. Learn more about whether you should use a 401(k) to buy a house.| SoFi
The rules on taxes for a traditional 401(k) and Roth 401(k) depend on which plan an employee participates in.| SoFi
SEP IRAs and SIMPLE IRAs are similar, but there are some key differences between them. Here’s what you need to know about these retirement savings accounts.| SoFi
What is tax-efficient investing? Tax-efficient investing strategies aim to reduce tax bills generated when an investment is profitable.| SoFi
The wash-sale rule is an IRS regulation that disallows investment-derived losses from being used in certain tax situations. Learn more.| SoFi
Learn about inherited IRA distribution rules, including recent rule changes, to manage your inheritance as a spouse or non-spouse beneficiary.| SoFi
What is a taxable brokerage account vs an IRA? Find out the pros and cons each and whether a taxable brokerage account is a smart option for you.| SoFi
Employers can offer 401(k) funds, stock options, or other rewards on a vesting schedule that determines when the employee can take ownership. Learn more.| SoFi
Wondering about the IRA tax deduction rules? Here’s how IRA tax deductions work — and how and when the different types of IRAs are taxed.| SoFi
A 403(b) retirement plan is designed to help those employed by tax-exempt organizations and public schools save for retirement. Learn how 403(b) plans work.| SoFi
The difference between nontaxable and taxable income is not always clear. Inheritance? Usually nontaxable. Savings account interest? Taxable. Learn more.| SoFi
SoFi's retirement planning guide can help you start saving for retirement now. Investing for retirement earlier means you’ll be better prepared, whenever you choose to retire.| SoFi
RMD or required minimum distribution are minimum amounts one must withdraw from their retirement plan account. Learn more about 401(k) RMD rules from SoFi.| SoFi
Input your monthly income into our 50/30/20 rule calculator to see how your funds are allocated into needs, wants, and savings for a balanced budget.| SoFi
SoFi has put together an investing center to help you navigate the different parts of investing. From stocks to etfs, get the knowledge you need on investing. Start learning now!| SoFi
