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Difference Between HSA and Traditional Retirement Accounts

There are various retirement savings options available. Some provide long-term growth potential, whereas some are meant for retirement healthcare needs. In this HSA and traditional retirement accounts like IRA, 401(k), are very popular options that people have. It is very

401(k) Loan vs Personal Loan: Which Is Better for Your Financial Needs?

Loans are now a common part of our lives that help people get money, and they are repaying this money using timely instalments. There are various types of loans, and people who have a 401(k) account also have a loan

Best Life Insurance for Disabled Veterans

Military careers are one of the riskiest professions. This is due to the nature of the job that it comes with. Disability is a part of it because in various activities, the serviceman gets injured or ends up with some

Should I Have Both a 401(k) and a Roth IRA?

Early retirement planning is an important aspect of life. This will help in ensuring a secure financial living in retirement life. For this, there are many retirement saving options available, like 401(k), IRA, Roth IRA, etc. So, a common concern

Who Approves 401(k) Loans? Employer, Provider, or Both?

The 401(k) is one of the most famous plans that employees and employers choose for retirement savings purposes. However, in sudden need of funds, people think that withdrawing from this account can be beneficial. But instead of directly withdrawing, taking

Term Life Insurance for Felons: Navigating Coverage with a Criminal Record

It is crucial to understand how committing or involving oneself in any felony affects an individual’s rights to purchase term life insurance. However, insurance companies assess risk based on various factors. The question arises here: Is term life insurance for

Can You Lose Your Pension If Convicted of a Felony After Retirement

Pension is a future-securing asset that is earned by years of service. For many individuals and their families pension is the only source of income after retirement. In this situation, committing a criminal offense or a felony may lead to

Can You Cash Out Your Pension Early? Taxes, Penalties & Alternatives

Planning for retirement income is as important as working to sustain and enjoy life. Pension is one of the most famous options that people have with their employer. This plan is provided by the employer, and it is a defined-benefit

Pension vs 401(k): Key Differences and Which Is Better for You

Retirement is the period where the person does not work, but enjoys life with their loved ones. However, this can only be possible if you have sufficient retirement funds that can manage all the expenses of after-work life. But there

Can I Lose My Pension If I Get Fired from a Private-Sector Job?

Pensions are an important part of retirement life. It is used to manage the expenses of after-work life. People work their entire life and earn a pension by contributing to their pension accounts. These funds are then provided to the