When preparing for retirement, there are many recommendations about how much money to save and where to save it. But many people feel lost as to how to withdraw their funds.

The average American now thinks they need around $1.46 million to retire. But this is overblown.

The Mega Backdoor Roth strategy could allow you to save an additional $46,000 per year into a Roth IRA or a Roth 401(k).

Gifting stocks to your children can help give them a good foundation for their financial future. When deciding which stock to gift, tax professionals typically advise to gift the stock with the highest gain.

Whether you are quitting your job, getting laid off, or you are retiring, figuring out what to do with your 401(k) is an important step.