A 52-year-old with $1.5 million in a traditional 401(k) and a goal to retire at 57 faces a five-year gap. The 401(k) is built for 59½, the IRS charges a 10% penalty for early withdrawals, and Social ...

Many retirees focus on how much they have saved, but financial experts say the order in which you withdraw your money can be ...

Tue, March 31, 2026 at 6:52 PM UTC Let's say a couple retires at 63 with $2 million in a traditional 401(k) and has no RMDs for a decade. Their taxable income is low, and that window is the most ...

Stream Connecticut News for free, 24/7, wherever you are. Roth individual retirement account conversions are a popular way to reduce future levies on pretax 401(k) or IRA withdrawals — and you can ...

If you’ve spent years maxing out a 401(k) or traditional IRA, most of your wealth may be sitting behind a wall you cannot touch without a penalty until age 59½. There is a strategy to work around that ...

You can use this strategy to build tax-free retirement income over time instead of being stuck with high RMDs.

Index funds have basically become the default recommendation for retirement investing, and for good reason, as low fees, ...

One reason is that Roth IRAs can help you save money on taxes, especially if you anticipate being in a higher tax bracket in the future. A strategy called a Roth conversion ladder can help with more ...

The first required distribution at age 73 uses a divisor of roughly 26.5 from the IRS Uniform Lifetime Table. On a $1.4 ...

Joel Johnson talks about how retirees can keep more of their legacy in the family in May 24's Better Money. Connecticut offers a variety of activities and events for residents to enjoy over the ...

One of the biggest financial mistakes retirees make is focusing only on how much they have saved rather than how they withdraw it.