You've worked long and hard for years, saving diligently through your employer-sponsored retirement savings plan. Now, with retirement on the horizon, it's time to begin thinking about how to tap your plan assets for income. But hold on, not so fast. You may need to take a few steps first.
You may contribute to an Individual Retirement Account (IRA) if you're a member of the armed forces. The rules that apply to servicemembers regarding IRA contributions and distributions generally are the same rules that apply to civilians.
Are you ready to purchase a home? Is the rising cost of rent impacting your wallet? If so, you’re not alone.
You've worked long and hard for years, saving diligently through your employer-sponsored retirement savings plan. Now, with retirement on the horizon, it's time to begin thinking about how to tap your plan assets for income. But hold on, not so fast. You may need to take a few steps first.
"They are so open to us working in the communities and helping in any way we can." said Nikol Theberge, Community Home Loan Advisor at First Bank. Learn about the organizations that Nikol volunteers for and how First Bank encourages their employees to get involved in the community.
Having a cushion or extra money in the bank does more than cover you when “life happens”, it also give you a sense of control and financial security should an unexpected emergency arise.
It's generally a good idea to review your employer-sponsored retirement savings plan at least once each year and when major life changes occur. If you haven't given your plan a thorough review within the last 12 months, now may be a good time to do so.