Retirement
12 articles
Millions of employees save for retirement by deferring a portion of their compensation into an employer-sponsored, tax-deferred savings plan. The majority of these are known as qualified plans and fall under the jurisdiction of ERISA guidelines, which means they are subject to certain limiting requirements. For example, these requirements can pertain to the type and
You want to do all you can for your children. But diverting money from your retirement to cover your kids’ college expenses can lead to financial disaster. Learn how to decide whether to save for retirement, your kids’ education, or both.
According to an August 2014 report from Bankrate, more than one-third (36%) of American adults are not currently saving for retirement. Worse yet, more than a quarter of Americans nearing retirement age (50 to 64 years old) have yet to save anything. While the stats are staggering, they’re somewhat understandable – it’s easy to de-prioritize
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.
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.
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 you can invest in one.
A new generation of professionals seek financial independence well before the traditional retirement age. Barista FIRE, or Barista FI, makes retiring early from full-time work possible through diligent saving and part-time work during retirement. Learn about Barista FIRE and its key considerations.
The endless variety of options can make retirement planning feel overwhelming, which can paralyze you into not doing anything. The Bucket Strategy is an easy way to implement strategic asset allocation without too much complexity. Learn about the Bucket Strategy for retirement and its pros and cons.
Roth IRAs are popular tax-sheltered accounts for retirement savings, but they limit the amount you can contribute each year and exclude some higher-income savers. A backdoor Roth contribution is a way around these limits. Learn how you can use a backdoor Roth contribution.
How much money can you pull out of your nest egg every year in retirement without worrying that you’ll run dry? The so-called “safe withdrawal rate” depends on your goals and risk tolerance. Learn about safe withdrawal rates for retirement and whether the popular 4% rule of thumb still applies.
“Income” and “wealth” have incorrectly become synonymous in American culture. While the two concepts often go hand in hand, using the terms interchangeably is misleading. America’s most wealthy individuals don’t necessarily draw the highest levels of income. For example, while professional athletes, top executives, doctors, and lawyers have reputations for high salaries, their obligations can
While saving for retirement is important, there are times when it makes sense to delay making investments. Most people invest for retirement in a tax-advantaged plan such as an IRA or 401k with early withdrawal penalties and adverse income tax consequences. While these vehicles provide tax-advantaged growth that help your money grow, they can wreak
Trending stories
Explore Invest Money
You’re saving it. Now put it to work for your future.