A personal loan can be a good solution for paying off your existing debt, but it's not always the best choice.

Billionaires use mortgages to buy homes so they can keep as much money as possible in wealth-growing investments. Find out ...

Home equity is the appraised value of your property minus the amount of your outstanding mortgage balance — the portion of ...

In addition, money you take out of an IRA cannot be replaced, since you would still be restricted to yearly contribution limits for future contributions. So even if you withdraw only a small ...

You may also want to consider the long-term effects of taking out that money. Cashing out your 401(k) could deplete the cushion for your retirement years. Some 401(k) plans allow participants to ...

Alternatives to the rule of 55 Also known as an IRS Section 72(t) distribution, a Substantially Equal Periodic Payment (SEPP) lets you take out money before you turn 59 ½ in equal annual ...

Those heirs now have two options: Take a lump sum and pay taxes on the entire amount or transfer the money to an inherited ... and the account needs to be cleaned out by December 31, 2030.

Because it helps to understand why you do what you do with money. But importantly, I help my clients take action: to figure out the money behaviour they’d like to change, how they’d like to ...