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
Have you ever looked back at an old purchase and thought, “If I had saved that money instead, I’d be sipping a drink on a beach right now”? Most people have. The truth is, our future selves often wish our past selves had been a little more disciplined with money. But in a world where rent climbs faster than your favorite streaming subscription price and coffee chains keep inventing $7 drinks, saving can feel like a luxury. Still, starting financial planning early is less about giving up...| The Home Office Life
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
There are important differences between a rollover and a transfer when making a change to a retirement account.| SoFi
Want to a contribute to a Roth IRA but make too much money? Find out whether a backdoor Roth is right for you.| 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
Wondering how investment income is taxed? Use this guide to learn about the tax rules for different types of investments.| 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
Wondering how to fund an IRA? Here are 4 ways to start an account.| 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
Let's dive into how you can prepare for a financially comfortable retirement and look at what the average retirement age in the United States really is.| SoFi
What is a stock—and why do people buy them? In this post, we break down the details on stocks, including risks and rewards of stock investment.| 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
What is tax-efficient investing? Tax-efficient investing strategies aim to reduce tax bills generated when an investment is profitable.| SoFi
Calculating how much you need to retire is based on personal factors like how much you’ve saved, your Social Security, and your lifestyle. Learn more.| SoFi
A pension plan is offered by employers and it provides guaranteed income in retirement. Pension plans are also known as defined-benefit plans. Learn more.| SoFi
A SIMPLE IRA is a tax-advantaged retirement plan for the self-employed and small business owners. Learn about the SIMPLE IRA contribution limits and rules.| SoFi
More people are self-employed than ever before, but how are they preparing for retirement. Here are the self-employed retirement plans to consider.| SoFi
Saving for retirement doesn’t have to be hard. Here, you’ll find a couple of ways to help you set up a retirement plan for your individual needs.| SoFi
Converting a traditional to a Roth IRA may be a good idea for some people’s retirement futures. Here are all the things to know about Roth IRA conversion rules.| 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
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
Wondering how much you can contribute to a traditional IRA each year? Read on to learn about the traditional IRA contribution limits for 2024 and 2025.| SoFi
Wondering how much you can contribute to a Roth IRA each year? Read on to learn about the traditional IRA contribution limits for 2024 and 2025.| SoFi
Learn about the full retirement age for Social Security benefits. Discover how age impacts your benefits and when you can receive full payments.| SoFi
Here’s what to know about the 401(k) early withdrawal penalty, along with some alternative ideas to tapping into your 401(k) account.| SoFi
Housing, food, trips to the doctor's office. How much are average retirement expenses? By learning how much they'll spend, people can know how much to save.| SoFi
Choosing between a traditional IRA and a Roth 401(k) may not even be a choice you have to make—you can benefit from both.| SoFi
Does looking at the different types of retirement plans make your head spin? Here’s a comparison of the retirement savings accounts.| SoFi
Wondering whether a Roth IRA is right for you? If you’re considering an IRA to save for retirement, here’s what you need to know about Roth IRA eligibility.| SoFi
Have questions about whether a 529 college savings plan is right for you? We break down the basics and benefits of this tax-advantaged account.| 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
“Roth” is a certain type of IRA, and the 5-year rule is one of the rules that governs what an investor can and can’t do with funds in a Roth IRA. Find out more.| SoFi
Withdrawing money from an IRA before age 59 ½, and failing to withdraw it after 73, can result in penalties. But there are exceptions. Read on to learn more.| SoFi
Struggling to decide between a Roth IRA or Traditional IRA? Learn the key differences & take our quiz to find the right retirement account for your goals.| SoFi
