As Congress continues to debate details of the Build Back Better Act, there are a lot of potential legislative changes on the table, from education to the environment to healthcare. But for investors, some of the biggest changes lie in alterations to 401(k) and IRA rules—changes which House Democrats put back on the table as […]
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After a life spent working, you want to be able to retire comfortably. This begs the question: how much do you need to invest in order to be able to retire comfortably? This article will examine this question in order to help you to create a framework for investing during your working life. There is […]
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Are you self-employed or run a small business? If so, you’re probably looking for a way to save up some more money for your retirement or perhaps a way to get a tax break – and with so many different kinds of saving and retirement accounts out there, searching for the right one to invest […]
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It’s Never Too Soon to Get your Affairs in Order for Retirement If you’re nearing the tail end of the working phase of your life, first off, congratulations; what an amazing achievement! You’ve knuckled down, made a living, and you’re finally beginning to see the light at the end of the tunnel. It’s been a […]
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In investing, a lot of dialogue talks about investing and retirement as if they’re mutually exclusive concepts. It’s so commonplace that it’s baked into our investing mindset and the way we talk about investing—investing for retirement, for example, as if investing stops as soon as you throw your retirement party. The thing is, you still […]
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Retirement is at the forefront of our minds, yet most Americans aren’t on track for retirement. Only 36% of Americans think they’re on track for retirement. And considering that nearly two-thirds of 40-somethings have less than $100,000 saved, which isn’t much at all considering that you should have at least three times your annual income […]
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An individual retirement account (IRA) is an individual retirement account, right? Wrong. While many people are familiar with Traditional and Roth IRAs, there are in fact many other options to consider. What makes each of the different varieties unique are the different advantages and disadvantages that they bring to the table. And, depending on your […]
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The sooner you save for retirement, the more financially secure your future will be. An individual retirement account (IRA) is a great way to save for retirement, but leveraging the right kinds of assets means that you can invest your contributions for even higher gains — all while enjoying some serious tax savings. And yes, […]
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For millions of working Americans, a traditional or Roth IRA account is the answer for their retirement savings. These accounts offer more freedom than employer-sponsored retirement plans, such as a 401(k) or 403(b), and are more flexible than defined benefit plans like a pension. If you’re looking to plan for your financial future, opening an […]
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Just as no two people are alike, no two retirements are alike either. Maybe you have grand plans to travel the world or finally purchase that dream property somewhere exotic. Or maybe your plans are a little more down to earth. Whatever the case, you need to plan in advance — and know where you’re […]
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On the whole, Americans aren’t saving nearly enough for retirement. Nearly two-thirds of 40-somethings have less than $100,000 saved, and 28% of 60-somethings have less than $50,000. Then, there’s your retirement savings. You’re one of the 15% of Americans with no retirement savings at all. And unlike Millennial and Gen Z savers, you’re soon to […]
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