Plan for a secure retirement with strategies for saving, investing, and managing income. Learn how to make the most of 401(k)s, IRAs, and Social Security so you can retire comfortably and confidently.
If you find that you are not saving nearly as much money as you should for your retirement, it is easy to believe that you have to make major changes to your daily life in order to catch up. While there is nothing wrong with making big changes that can have a positive impact, don’t … Read more
Are you interested in opening a Roth IRA? With this type of individual retirement account, you are making contributions with after-tax dollars. While this is not the right choice for everybody, with some opting for a traditional IRA instead, there are many benefits to consider. Here are five things you need to know about a … Read more
Over half of Americans don’t feel secure about their upcoming retirement and more than a third could be living their golden years in poverty, according to a bank survey of people ranging from age 25 to 75 years. The annual Wells Fargo Retirement Survey found that paying the monthly bills is the most important day-to-day … Read more
If you’re looking for money to pay off your debt or accomplish another big financial goal, you may consider the funds you’ve put in your IRA or individual retirement account. Be care, depending on the type of IRA, your age, and how long you’ve had the account, you may have to pay penalties on money … Read more
401(k) loans American workers may find themselves considering their 401(k) plans when they’re in need of a loan. 401(k) loans are pretty easy to get, especially when compared to other types of loans. First of all, there’s no credit check and no collateral required, since you’re borrowing money from yourself. And, the payments and interest … Read more
Investments within your 401(k) Your 401(k) is your tax-advantaged retirement account, sponsored by your employer. You’ve made a smart decision if you participate in your company’s 401(k) plan. But simply putting money into a 401(k) isn’t enough to ensure a comfortable retirement. You must manage your 401(k) portfolio just like you would with any of … Read more
Americans are fickle with their employers, and many will change jobs as often as they change cars. And considering that the 401(k) is the retirement plan of choice for most large companies, there’s a good chance you’ll need to decide what to do with your old 401(k) when you move on to greener pastures. So … Read more
What the heck is a 401(k) and how does it work? I remember the first time I ever heard of a 401(k) plan. I was barely twenty-one years old, and was just hired for my first good job that offered benefits. At the time, I didn’t really understand much of what the human resources director … Read more
Ready to open your IRA? So, you’ve reduced your debts to a level you can pay off every month. You’ve saved a few month’s worth of living expenses for emergencies. You’ve done a little research and learned the benefits of opening your IRA as soon as possible. Okay, you’re ready to open your IRA. So, … Read more
If you are thinking about opening your IRA, you may wonder if it’s better for you to go with the Traditional or Roth IRA. Both require that you earn at least as much income as the amount you contribute to an IRA. Both allow the same maximum annual contribution of $4000 for 2007, and $5000 … Read more
