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 guaranteed minimum income benefit (GMIB) is an optional rider that can be included in an annuity to provide to the holder. Read on.| SoFi
A fixed index annuity comes with a guaranteed minimum rate of return that’s linked to a stock market index. Learn more about the pros and cons of indexed annuities.| 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
The IRA contribution deadline for the current year is tax day in April of the following year. So you can fund an IRA for 2024 until April 15, 2025. 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
There’s no such thing as a safe investment, but some types of investments may be less risky than others, depending on the market. Read on.| SoFi
A mutual fund is a basket of securities such as stocks or bonds. Mutual funds come in many styles and can be actively or passively managed. Learn more.| SoFi
If you’re self-employed, contributing to a solo 401(k) or SEP IRA could help you save for retirement. Which plan should you choose? Read on to learn more.| SoFi
Is inflation good or bad? It’s a complex question. Inflation drives up the cost of living, but it can also spur productivity and create jobs. Learn more.| SoFi
A 457 retirement plan is similar to a 401(k), but it’s only for certain types of employees. It may offer advantages over a 401(k). Learn if a 457 plan is for you.| SoFi
It is possible to have a 401(k) and an IRA, and contributing to both could help grow your retirement savings. But there are rules involved. Learn more.| SoFi
The rule of 55 allows you to withdraw money from an employer-sponsored retirement plan at age 55 without paying a penalty. Here’s what you need to know.| SoFi
A solo 401(k) is a tax-advantaged account that allows the self-employed to save for retirement. Learn how a solo 401(k) works to decide if it’s right for you.| SoFi
Wondering whether a home equity line of credit is a good idea? We look at the pros and cons to help you decide if it’s the right move for you.| SoFi
A 401(k) catch-up contribution allows savers age 50 and up to put more money in their plan each year. Learn what a 401(k) catch-up is and how it works.| SoFi
