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Personal Investing

Preparing for Retirement through the Years: Maintaining Your Savings in Retirement

Once you’ve reached retirement, the question now becomes: what is the best way to manage your savings so that they last for the years ahead?

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Preparing for Retirement through the Years: Refine Your Savings Strategy During Peak Earning Years

When you reach your 40s and 50s, retirement suddenly becomes more of a reality. Learn about some considerations to maximize your current savings strategy.

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Preparing for Retirement through the Years: Stepping Up the Savings in Your 30s

Your 30s are a good time to assess your savings strategy and make any adjustments to make sure you’re on the right track to meet your savings goals.

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Preparing for Retirement through the Years: Building a Solid Foundation in Your 20s

When you’re just beginning your career, budgets are understandably stretched. But, your 20s are an important time to start building a foundation to allow your money to grow over time.

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How the CARES Act Impacts IRAs and Retirement Plans

In addition to other coronavirus-related relief, the CARES Act impacts retirement account owners' required minimum distributions, penalties on withdrawals and IRA contribution deadlines. Note: Penalty-free withdrawals must occur in 2020. Learn more with our CARES Act FAQ .

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What You Need to Know about Required Minimum Distributions (RMDs)

This video explains the process and timeline for taking an RMD and the importance of planning ahead, especially if you need to fulfill your RMD using illiquid assets. With the SECURE Act signed into law in December 2019, the rules surrounding RMDs have changed, raising the RMD age from 70 ½ to 72, effective Jan 1...

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Expect the Unexpected: Protect Your Retirement Savings with an Emergency Savings Fund

Emergencies are unpredictable and often expensive. Make sure you’re prepared for when something difficult happens without having to dip into your retirement savings.

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The Importance of Retirement Readiness

In the US, millions of households are not on track to maintain their lifestyle in retirement. Learn about the important spending and saving factors to consider when planning for the future.

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Mutual Fund Guide

This document contains a list of mutual funds and fund families that can be held in an account with Millennium Trust.

FAQ & How-To

Catch-Up Contributions: Catching Up on Saving for Retirement

If you are age 50 or older and eligible to contribute to an IRA or employer-sponsored retirement plan, you may be able to deposit more than the maximum amount each year with catch-up contributions.

Article
4 minute read

Top 4 Reasons Not to Take a Distribution

While it may sound like a good idea at first, there are serious tax implications to consider when taking an IRA distribution before retirement age.

Article
5 minute read

Small Savings Can Add Up to a Big Difference

You may think you have plenty of time to save for retirement, but the truth is it's never too soon to start. Saving early and regularly, even if a small amount, can make a difference over time.

Article
4 minute read