One Third of Parents Are Raiding Their Retirement to Pay for College
A new study shows that one third of parents plan to raid their retirement accounts in order to help pay for their children's educations.
retirement accounts
Stop Treating Your Retirement Account Like a Piggy Bank
We all know how important it is to set money aside for retirement. Unfortunately, when it comes to building a nest egg for their golden years, millions of Americans are moving in the wrong direction by taking money out of retirement accounts early.
What Every American Should Know About the Capital Gains Tax
One of the most contentious issues in the debate over how the U.S. government can increase its revenues involves the capital gains tax rate -- the rate investors pay on their profits. Here's what you need to know to understand just what both sides are arguing about.
How to Withdraw Retirement Funds Penalty-Free Before 59
One of the biggest challenges for early retirees, aside from needing to save enough extra money that it can last though a longer retirement, is that there are early withdrawal penalties on most pre-tax retirement accounts. Luckily, there are many ways to dodge those penalties.
Your Employer Thinks You're Sabotaging Your Retirement
A recent study reveals a telling disconnect between employers' intent in setting up 401(k) plans and their perception of whether workers are actually using the plans well.
Don't Let Divorce Destroy You at Tax Time
Divorce is one of the hardest things you may ever go through. But while you're focused on your now-adversarial relationship with your ex, you shouldn't forget to keep an eye on another entity that may be after a larger chunk of your assets thanks to your split: The IRS.
Got a Financial Umbrella? (Half of You Just Answered 'No')
If you were faced with an unexpected $2,000 emergency expense in the next 30 days -- a car or home repair or a medical bill -- could you come up with the money to cover it?
What to Do When Mom and Dad Need Money Help
One of the toughest days in many people's lives comes when they realize that their parents need financial help. Especially if your mom and dad were always there for you when you needed them, it's only natural to want to return the favor when they need you. Here's how you can help your folks -- and what you definitely shouldn't do.