Category: Retirement

Significant changes to pension rules are due to take effect in 2025, primarily affecting higher-income workers. These updates, part of the SECURE Act 2.0 passed […]

Many people would rather discuss anything, including politics , if it meant they didn’t have to talk about money. But financial conversations are necessary to […]

Many Americans consider their future Social Security benefits to be critical to their retirement plans , while for many people who have little or nothing […]

Planning for retirement can be challenging, and every day brings you closer to the point where you may have to rely on your savings and […]

Planning for retirement can be stressful and confusing: money ! Accounts ! Tax consequences ! It’s enough to make your head spin, and it’s one […]

If you have an employer-sponsored retirement plan such as a 401(k), you’re probably familiar with matching contributions, which allow you to earn an additional employer-matched […]

How is your retirement plan going? Chances are, you have no idea: About a quarter of Americans saving for retirement actually have no idea how […]

The IRS clarified a provision of the SECURE 2.0 Act enacted in 2022, now expanding the use of tax-deferred retirement accounts as emergency funds. Previously, […]

When the topic of retirement comes up, most people focus on two pieces of data: the amount of money they have saved (plus any sources […]

If you have a retirement account—whether it’s a 401k through your employer or an individual retirement account (IRA)—you’re already on your way to ensuring financial […]

The conversation about retirement usually centers around money : whether you have enough, what “enough” even means, and how to plan ahead for unexpected financial […]

Retirement is one of those milestones that seems far away until it’s suddenly right in front of you. After decades of working and saving for […]

A Roth IRA is a top-tier retirement savings vehicle. Especially for young people , this is the best way to take full advantage of compound […]

Planning for retirement can be an intimidating topic, and for good reason: More than a quarter of non-retired people have absolutely no savings for retirement, […]

Target date funds are becoming an increasingly popular investment choice, especially for retirement accounts such as 401(k)s and IRAs. Their main appeal is their simplicity […]

In an era when employer-sponsored retirement plans like 401(k)s have become the norm, pensions are becoming a dying breed. A pension is a retirement plan […]

When you’re self-employed, saving for retirement is entirely up to you—there’s no employer-sponsored 401(k) plan you can rely on. This can make planning for retirement […]

If your income exceeds the limits for direct contributions to a Roth IRA , there is still a way to fund it through a strategy […]

If you’re taking a short-term job, you may be wondering whether opening a 401(k) retirement account is worth the effort. After all, you don’t plan […]

The FIRE (Financial Independence, Retire Early) movement has gained significant popularity in recent years, inspiring many to double down on savings and investments with the […]

Now is the perfect time to take a look at your retirement savings and make sure you’re on the right track. One of the best […]

Retirement planning will change in 2024 , and now is the time to take a look at your retirement savings and make sure you’re on […]

Harnessing the power of compound interest is one of the keys to building wealth over time. Simply put, compound interest means that the interest on […]

The start of a new year is the perfect time to resolve to maximize contributions to your retirement accounts before April. The sooner you can […]

In 2024, retirement planning strategies will undergo some major changes. With new laws and regulations coming into effect, those planning for retirement will need to […]

When it comes to planning for retirement, some experts are sure to recommend an annuity, while others strongly advise against it . An annuity is […]

If you’ve ever dreamed of quitting your job right on your 67th birthday and living a quiet life in retirement, well, the pandemic has probably […]

401(k), the most common way Americans save money for retirement, has been around for a little over four decades. Established by the Revenue Act of […]

When it comes to planning for retirement , there is often confusion. While saving money to earn tax-deferred interest is a fairly simple concept, the […]

There is a lot of magical thinking around retirement. The rule of thumb is to put about 80% of your current income into retirement, and […]

When you leave a company—whether on your terms or not—you may panic about what happens to your employer-sponsored retirement account. While you have several options […]

It’s never too late to start saving for retirement, but anyone who starts early is sure to reap a huge advantage. The reason for this […]

For large retirement savings, the silver lining of record inflation is a record ceiling increase for your 401(k) in 2023 . But if you leave […]

The SECURE 2.0 law was signed at the end of 2022. The second version of this act, meaning “Setting Every Community to Raise the Retirement […]

Retirement planning can be tricky, so reducing it to a couple of simple rules of thumb is reassuring. One retirement “rule” that is often mentioned […]

As the end of the year approaches, you may have already exhausted your 401(k) plan contributions for 2022. However, some plans have the option to […]

If your employer does not offer a 401(k) plan, or if you want to save more money for retirement, you may consider creating an Individual […]

Retirement should be the last reward for a life lived well and well. You make a career, pay your taxes, save some money, and then […]

You will never regret your plans for the future. If you become incapacitated for any reason, it is important to make sure there is someone […]