Types of Tax-Advantaged Accounts for Retirement, Education & Healthcare
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.
401(k) Employer Match & Vesting Schedule – How It Works
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.
Roth IRA vs. Traditional IRA – Differences in Rules & Limits
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.
What Is a Target Date Mutual Fund? – Pros & Cons...
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.
6 Retirement Planning Challenges for Freelancers & Entrepreneurs
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...
Best Investment Strategies & Accounts for Active-Duty Military Members
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 to Save for Retirement – Planning Strategies for Every...
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.
18 Best Post-Retirement Job Opportunities for Seniors & Retirees
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,...
Should I Cash Out My Retirement Account to Pay Off Debt?
It’s hard to get ahead when thousands of dollars in debt is diverting your money and attention from investing and building wealth. That leaves many borrowers wondering if they should raid their retirement accounts. But that can come with a lot of downsides — and there are better alternatives.
Retirement Savings Contribution Credit – Get a Tax Credit Just for...
There are significant tax benefits to low- and moderate-income families who save for retirement. The Retirement Savings Contributions Credit ("Saver’s Credit") could help you reduce your tax liability. A reward for building your financial security? That’s what we call a win-win.
Why Your Taxes Could Go Up in Retirement and How to...
Many people believe retirement means lower taxes. But just because you’re no longer earning a paycheck doesn’t mean the taxman's out of your life forever. And with major economic and demographic challenges on the horizon, it’s time to start laying the groundwork now for lower taxes in retirement.
FIRE Movement: Can I Achieve Financial Independence & Retire Early?
Who says you have to work until you're 65? By merely questioning that one assumption, you crack open the door to new possibilities. The question...
