The House recently passed a package of legislation that could change the way people save for retirement. That is, of course, if the Senate passes the new tax changes as is, which experts say isn’t likely.
If you have a few years of very low earnings, is it possible to increase your Social Security payments once you’ve already started taking them? That’s what we’re discussing this week.
How can you save for retirement when your job doesn’t offer a 401(k)? That’s what we’re discussing this week.
You finally made it. You’ve scrimped and saved, invested what you could, paid for a house, college and all the other things that come with making a life. You’ve made some mistakes along the way, too, but everything’s brought you here. Now, you’re ready to enjoy your time away from the workforce.
So, you’ve got a decently-sized nest egg building, your debts are paid off and your estate is more or less in order. You’re approaching the home stretch to retirement.
Your 20s are behind you and now you’ve got a spouse, kids and maybe even a home to show for it. Ideally, you’ve saved a bit for retirement, you have a debt repayment plan that works for you and you’ve been ramping up your savings over the years to accomplish your financial goals. You’re comfortable, or getting there…
If you can’t psych yourself up to save for retirement—there are too many other things to worry about, you say, and I’m never going to retire anyway—instead think of saving as giving yourself freedom.
So, you’re on your own in the Real World, with the full time job and 401(k) to match. You’ve built a decent credit score for yourself, you’re keeping an eye on your student loans and you want to know what else you can do to maximize your finances.
A couple of recent surveys have highlighted one easily-fixable way millennials are falling behind Gen Xers and Baby Boomers in their finances: Some are holding too much cash.
If you have the means, should you max out your retirement contributions (that’s $18,500 for a 401(k), $5,500 for an IRA or Roth if you’re under 50 and $24,500 for a 401(k) and $6,500 for an IRA/Roth if you’re over 50) as early in the year as possible, or spread them out?
You’ve started a new gig, and in the midst or training videos and introductions to new colleagues, HR has shoved paperwork for the company’s retirement plan in your hand. As great as your recruiter was, she just didn’t seem that familiar with the ins-and-outs of your plan’s investment options. So how do you know if…
Everyone’s hot on Roth IRAs, but there’s one drawback: There are income limits starting at $189,000 for a couple and $120,000 for an individual, which means higher earners must go with a traditional IRA or a backdoor Roth. It turns out, though, that those limits don’t apply to Roth 401(k)s—meaning you can get all the…
Is a house worth your retirement savings? That’s the question a reader is puzzling over this week.
One of the most common questions people have about getting their finances in order is how to possibly save enough for retirement when the numbers are so overwhelming. Life is expensive, and putting away 10 percent of your salary per year seems painful at best and impossible at worst.
So you’re a freelancer and you want to know what your retirements savings options are. How can you save beyond an IRA? It’s time for a bonus reader question, because why not.
If you’ve committed to making contributions to your 401(k)—great! You’re ahead of a lot of people when it comes to prepping for a healthy retirement.
Over on Twitter, some people are roasting MarketWatch for an article originally published in January that says you should have double your salary saved by the time you’re 35.
Taking care of your health is an important part of your financial well-being—but you don’t need to make drastic changes to reap the benefits. Turns out, simply following your doctor’s orders more closely could lead to a healthier retirement fund.
When selecting a retirement plan to invest in, you need to consider your objective, the risks associated with different funds and how those funds perform over the long term. But you also need to keep track of the fees charged by your mutual fund manager—even seemingly inconsequential percentages can have a huge impact…
When you left your last job, what happened to your retirement account? Did you roll it over? Leave it be because you liked the plan options? Completely forget about it? If it’s the latter, you’re not alone. Between 2004 and 2013, more than 25 million workers left at least one retirement account behind when they…