The 4% rule is a strategy stating you should withdraw no more than 4% of your assets during the first year of retirement and then adjust withdrawals for inflation on an annual basis thereafter.

An annuity is a type of insurance product giving investors a guaranteed stream of income, with money paid up front (via a lump sum or series of payments) then invested and later paid out per an agreed-upon time, amount, and timeframe.

If you’re age 50+, you can save more money for retirement via “catch-up contributions” made to your 401(k) and IRA accounts above standard limits.

The New Jersey Exit Tax is a misnomer as many people believe it’s an additional or special tax imposed when you sell your property and move out of the Garden State.

The truth is this is merely a prepayment of the estimated tax owed on the sale of your property, paid in advance (either before or at closing) and held in escrow. The tax is then settled when you file your state income tax return.

A QCD is a direct transfer of funds from your IRA—payable directly to a qualified charity—and often used by investors seeking to avoid being pushed into a higher income tax bracket or prevent the phaseout of other tax deductions.

Required minimum distributions (RMDs) are the minimum amount of money the IRS requires you to withdraw from specific retirement accounts, primarily tax-deferred accounts (e.g., traditional IRAs and 401(k)s) and generally beginning at age 73.

A Roth conversion is merely a transfer of all (or a portion) of your balances from an existing traditional IRA, SEP, or SIMPLE IRA as you roll assets over into a Roth IRA.

The rule of 55 is an IRS provision that allows workers who leave their job to withdraw funds from an employer-sponsored retirement account without incurring a penalty, though they must still pay income tax on withdrawals.