A conventional mortgage simply means one that isn’t backed by the government, and it’s a little harder to get

What is a conventional mortgage? One of the first decisions you’ll make when shopping for a home loan is whether you want a government-backed loan or a conventional loan. A government-backed loan is secured by a federal agency. You may qualify for a mortgage backed by the Federal Housing Administration, United States Department of Agriculture, or Veterans Affairs. If you […]

The rule of 55 lets you tap into your 401(k) early without paying a penalty, but only if you meet the age requirement and other terms

It’s easy enough to contribute to a 401(k) or 403(b) plan. But getting your money back out of these workplace retirement accounts can be more difficult. Unless you’re at least 59 1/2 years old, it usually triggers taxes and penalties. But those who have reached the age of 55 have a special option to access their funds penalty-free. This […]