Two of the most common financial mistakes are failing to save enough for retirement and failing to take full advantage of tax-sheltered accounts. Fortunately, one solution can help with both problems: the Roth IRA. Learn what a Roth IRA is and how can you invest in one.
Like aging or weight gain, inflation tends to creep up on you so gradually you don’t even notice it, but over time, it has a huge impact. How can you protect your retirement savings from the slow decay of inflation? Here are time-tested strategies you can use to combat inflation’s effects.
A staple of modern American retirement planning, the traditional IRA remains one of the easiest and most popular tax-sheltered accounts. Here’s a crash course on how traditional IRAs work, and how you can take advantage of them at any age as part of your personal retirement strategy.
Savvy taxpayers can slash their tax bill using a range of tax-sheltered accounts, but these can seem confusing and often sound alike. Which combination of retirement accounts, education accounts, and health savings accounts can help you save on your tax bill? Read on to learn more.
Having an employer make matching contributions to your retirement account is a common and valuable perk. But the money your employer adds to your 401(k) might not be yours right away; often, it’s subject to vesting. What is vesting and how does it impact your retirement savings? Read on to learn more.
Americans have several options to save for retirement in tax-sheltered accounts, notably in individual retirement accounts (IRAs). These accounts come in two types: traditional and Roth IRAs. What's the difference, and what are the rules and limits for contributing to each? Find out here.
Balancing your investments between stocks and bonds helps you manage risk as you near retirement. Target-date mutual funds automatically rebalance your portfolio toward less volatile investments as you approach your target retirement age. Read on to find out if target-date funds are right for you.
There are more self-employed Americans now than ever before. According to Upwork's 2018 survey of the industry, the gig economy has swollen to include...
Military pay can’t make you rich, but it does provide excellent saving and investing opportunities, including some unavailable to civilians. By understanding how to take advantage of them, you can secure your future and potentially even retire young.
How much is “enough” when it comes to retirement savings? How do you know how much you should be saving, and at what ages, to reach your financial goals? While the answer varies from person to person, some universal rules apply.
Once upon a time, when you reached 65 or so, your colleagues threw a party for you, you ate a slice of store-bought cake,...