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Listener Nael opens up a discussion about Roth conversions. There are benefits to doing Roth conversions, but can you do too many? Are there any downsides to Roth conversions? Reaping the tax benefits...
Graham and his wife are in their early 50s and plan to retire in 5 years. He wonders if they should continue maxing out their 401ks, how their investments should change, and what they should do with s...
Drew, a burnt-out, financially responsible 40-something father of two, hopes he can scale back from his stressful job and still be okay when it’s time to retire. James offers a practical and phi...
Gen Xers still have time to maximize retirement contributions, educate themselves about finances and plan carefully...
A new Bankrate survey shows that 57% of Americans feel behind on their retirement savings. Here's what you can do....
From Roths to HSAs to creative Social Security timing, retirees have many options to minimize their taxes. You might be surprised what a difference it can make....
Find out how the Federal Reserve’s interest rate cut could affect your retirement savings, investments, and mortgage payments....
How much should you save in pre-tax accounts vs. post-tax accounts? Joe Anderson, CFP® and Big Al Clopine, CPA spitball on the "age plus 20" rule for retirement savings, Roth 401(k) contributions ...
Yet, HR leaders and managers say reducing debt is the youngest working demographic's main goal...
FinFit clients will be able to add Sunny Day Fund emergency accounts to FinFit's existing…...
I’m 60, and I’d planned to retire in 18 months at 62. Our current savings is about 20x our expenses, but I was hoping to get to 25x. Well, our company has offered many of us a voluntary se...
Saving lots of money comes with one downside. You have to spend less. But having a high savings rate can set you up for the rest of your life. The post A High Savings Rate Covers a Multitude of Sins a...
Don't think you could possibly save more money for retirement? These tips will help you shift your mindset for a secure and happy future. Read now! The post How to Save More Money: 23 Smart and Mostly...
More than one in five older Americans is living with other adults – adult offspring, parents, grandchildren, extended family, friends – who are not their romantic partners. A new study exa...
Even when the market ebbs and flows, you can keep your retirement investments stable with these proactive strategies....
Your tax bite in retirement could be excruciating. Here's why super savers need to get serious about protecting themselves....
More are also taking interest in lifetime income options, notes Nationwide's new Protected…...
Most Americans wish they had started saving for retirement sooner and that they hadn't withdrawn money early from retirement accounts, a recent study says....
The super-charged saver’s match builds on the existing saver’s credit as an opportunity to improve the long-term financial security of low- to moderate-income Americans....
Push pause on retirement contributions to cover life events and the unexpected....
Learn about the ideal withdrawal rate and the 4% rule. Plus, understand a more personalized approach to retirement withdrawals. The post The Ideal Retirement Withdrawal Rate: How to Make Sure Your Sav...
How do we view our future selves? For most people, it's that of a complete stranger. It could be a reason why some don't save for retirement. The post Saving for Your Future Stranger appeared first on...
Here’s how to stabilize your retirement portfolio and protect your savings in a volatile election year....
A recent Bureau of Labor Statistics survey finds the median retirement savings of 55-year-olds is just 10% of the target financial experts advocate for....
The release of the Federal Reserve’s 2022 Survey of Consumer Finances offers a chance to catch up on the retirement saving of Millennials – those born during 1981-1999. This group, despite...
These retirement savings accounts, which are often pitched to young investors, can be a good option for older and retired workers....
Given the increase in the cost of retirement, it’s no wonder many are worried they are behind on 401(k) savings. According to the Northwestern Mutual 2024 Planning & Progress Study, “A...
If you haven’t saved enough for the retirement you want, consider downshifting as your retirement Plan B....
A traditional IRA is a powerful way to save for retirement. If you don't have a 401(k) it can be especially helpful....
Stop using banks and credit unions for cash savings. Use money market funds and Treasuries for better transparency and fairness. Learn the Nuts and Bolts I put everything I use to manage my money in a...
If you know anything about saving for retirement you probably understand at least a few things about 401(K)s. However, when exploring the details of a 401(K) there are a number of questions that are o...
Sixty-seven percent of parents expect to pay at least some of their children's higher…...
A new bill introduced by Rep. Brittany Pettersen would revise ERISA to expand retirement…...
I worked long and hard to make it to my role now where I make $130k per year. I am 59. I'm saving 45% of income and have $225k in retirement accounts. My plan on paper is to quit working at age 67. Hu...
Experts on retirement saving have plenty of ideas for making 401(k) plans work better. But most agree on the top priority: get these accounts into the hands of more people. Only about half of private-...
When you’re saving for retirement in a 401(k) account, the standard advice is to contribute enough to capture your employer’s matching contribution. That makes sense, since the contributio...
Taking a non-traditional path may mean thinking beyond traditional savings options....
Saving for your financial future requires more than the bare minimum. Given the cost of today’s retirement, it’s worth doing what you can now to maximize your 401(k) contributions. Why 401...
Our Retirement Readiness Calculator provides a rough idea of how long your retirement savings and income will last....
After publishing my post, “When To Stop Contributing To A 529 Plan,” I felt a sense of emptiness. For years, I had been trying to find a logical way to decide when to stop saving for my ch...
Answering listener questions about quarterly estimated payments and the safe harbor rule, tax-loss harvesting and not letting the tax tail wag the investment dog, and what to do when you do not couple...
It's unclear whether Generation X savers are ready for retirement, although some long-term account balances are surpassing those of boomers....
My Dad retired in 2002 with a 403(b) and lifelong teacher’s pension. Unsure of his retirement savings, some fellow retired teachers recommended a financial advisor who “specialized in reti...
Women are saving less for retirement than men – and not just by a little. Prudential’s 2024 Pulse of the American Retiree survey found, “Across all age groups, women are particularly...
Fifty years after Congress passed a landmark retirement law, 401(k) and I.R.A. accounts enrich mostly higher-income households. Here are five ways they can be improved....
Jonathan Clements, a longtime personal finance columnist for The Wall Street Journal, has a lot of savings. He’s not mad that a fatal illness will keep him from spending it....
Listener Nael opens up a discussion about Roth conversions. There are benefits to doing Roth conversions, but can you do too many? Are there any downsides to Roth conversions? Reaping the tax benefits...
Black and Latino workers, along with those of other or multiple races/ethnicities have significantly less money in retirement savings than white workers do....
Hey all, I am retiring in 84 days (not that I'm keeping track) I have been accumulating for a long time. I am thinking its going to be a struggle to no longer be saving the same way and having to spen...
Don’t underestimate the power of taking advantage of your company’s 401(k) match, catch-up contributions and more....