Savings

9 Year-End Money Moves to Make Now

Boost your retirement savings, lower your taxes and get the most out of your health insurance....

Thrift Savings Plan Contribution Limits for 2024 and 2025

Thrift Savings Plan contribution limits are rising to $23,500 in 2025 from $23,000 in 2024. Plus, new catch-up limits for people 60-63....

Advice - moderate savings, hopefully 3 years to go, wife retiring 6 years later

Hello there. Age 64 now and would like to retire @ 67. Have about $375K in 401K plus $85K in my wife's 401ak but she is 8 years younger and plans tonwork to 65 before retiring herself. Musts before I ...

65-year-old Utah couple find $292,567 in retirement tax savings

At 65 years old, Mike and Patty from Lehi were reaching retirement age and were in a good position. Mike had worked for 20-plus years for a local Salt Lake…...

New Rules for Retirement Savings Taking Effect in 2025

Many employees will be able to contribute more money to tax-advantaged workplace plans....

Should I separate out Long Term Care funds into a separate account?

We’re recently retired with more than sufficient savings to fund our retirement. We’ve decided to self-fund our Long Term Care from our savings. I’m trying to decide whether or not t...

Looking for a great retirement option that is affordable!

I'm 59 and my retirement savings situation is not great. I'm single, female, and live in Texas. I do own a home right now, I have about $140k in equity. I am still working full-time and I'm planning t...

Seven Retirement Moves to Make Before 2025

From applying for Social Security and donating to charity to maximizing your savings accounts, ere are retirement moves to make before 2025....

Super.com Review 2024: Is Super.com legit?

Explore Super.com, a versatile savings platform offering cash-back rewards, travel discounts, and exclusive deals across categories....

2025 401(k) Contribution Limits: Bigger Savings, Better Retirement

The 401(k) contribution limit for employees in 2025 has increased to $23,500, up from $23,000 in 2024. The employer contribution limit also rises to $46,500, bringing the combined employee and employe...

Help! I’m 64 and forced to retire with little savings.

Hi. Like the title says, I lost my job at 64. I was laid off and the industry that I am in is very depressed so the chances of getting a similar job soon is pretty low. In fact I don’t really wa...

New SECURE ‘Super Catch-Up’ Contribution for Ages 60-63

SECURE 2.0 changes will allow older workers to increase their retirement savings next year. Here's what you need to know....

Three Advantages of These Underrated Accounts for Retirees

Using taxable accounts for some retirement savings in the 10 years before and after retirement can give you greater flexibility and benefit your heirs....

Chime Review 2024: Is Chime the Right Bank for You?

Discover how Chime's SpotMe cash advance, no-fee banking, and early direct deposit make it a top choice for digital banking. This review covers Chime’s key features, including its savings tools,...

How Do You Compare? Average Cash Savings, Home Equity, Retirement Savings and Other Balances of the American Middle Class

Worried about money? You're probably in better shape than average! Compare your balance to the average cash, savings, home equity of others. The post How Do You Compare? Average Cash Savings, Home Equ...

What to Do If You’re Nearing Retirement with Less Savings Than Expected

If you are nearing retirement and have less savings than expected, you are not alone. Many Americans feel the same way. The 2023 Protected Retirement Income and Planning (PRIP) study from the Alliance...

The Minimum Savings You Need To Retire in All 50 States

Are you concerned you haven't saved enough for retirement? Here are the average annual expenses and minimum savings amounts needed to get by in all 50 states....

Budgeting and Saving During Residency

Over half of all residents say they aren’t paid enough, and that’s a fair point, given that we basically live ... Read more...

Savings Boost from Auto-Enrollment Wanes Over Time

Forty percent of U.S. private-sector workers in a 401(k) retirement plan are in plans with automatic enrollment, and the widely agreed-upon story is that these plans work well. Now comes a more nuance...

The Road to Better Retirement Outcomes with MFS’ Jeri Savage

In this episode, discover retirement saving trends, financial priorities, and misconceptions…...

Multiple Job Transitions Could Result in $300K Retirement Savings Loss

Forty-four percent of workers in a Vanguard dataset either increased or maintained their…...

Your Retirement: Don’t Be Another Statistic

Americans are not saving enough for retirement. In a report entitled Americans Face Alarming Retirement Savings Shortfall, the National Institute for Retirement Security shares, “Most Americans ...

Ode to the Passbook Savings Account

On December 1st, 1986, my Mom took me to open my first bank account at the local Dollar Bank branch. I was 11 years old and a little skeptical of giving the bank teller my $21.60. I walked out with a ...

Need to Save More for Retirement? You're Not Alone, Says Study

A new Bankrate survey shows that 57% of Americans feel behind on their retirement savings. Here's what you can do....

Five Tax Strategies to Preserve Your Retirement Savings

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....

Here's What The Interest Rate Cut Means For Retirees

Find out how the Federal Reserve’s interest rate cut could affect your retirement savings, investments, and mortgage payments....

Voluntary separation (VSP) offer has my head spinning

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...

A High Savings Rate Covers a Multitude of Sins

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...

How to Save More Money: 23 Smart and Mostly Easy Ways to Boost Your Savings

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...

Retirees Living in Someone Else’s Home See Big Savings

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...

12 Steps to Protect Your Retirement Savings From Market Volatility

Even when the market ebbs and flows, you can keep your retirement investments stable with these proactive strategies....

Saving to Be a 401(k) Millionaire? Plan for Taxes Now

Your tax bite in retirement could be excruciating. Here's why super savers need to get serious about protecting themselves....

Reduce client regrets on retirement savings with these tips

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....

IRS Seeks Comment On A New Savings Plan For Retirement Funded By The Treasury

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....

The Ideal Retirement Withdrawal Rate: How to Make Sure Your Savings Last as Long as You Need Them to

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...

Saving for Your Future Stranger

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...