Withdrawing extra funds from your retirement account can diminish your future income stream.
And what should you do if you have forgotten to file Form 8606?
Be careful to avoid these withdrawal traps.
Guaranteed income can cost you money when the investment doesn’t even keep pace with inflation.
62 percent of retired Pennsylvanians have less than $100,000 in savings
One in 5 account holders with the leading 401(k) provider have borrowed from their account. Don’t join their ranks.