Why a Roth IRA beats a 401(k) for retirement savings
Although saving and investing for retirement looks different for everyone, the end goal is typically the same for most people ...
Americans Are Dipping Into Their Retirement Funds
More Americans than ever are dipping into their retirement prematurely, and experts warn it could have serious consequences ...
Should you ever use a 401(k) loan to pay off debt? Pros, cons and considerations
Some 13% of 401(k) participants have an outstanding loan against their retirement savings, according to a recent study, with an average $10,708 loan amount. Using a 401(k) loan can be useful, but ...
‘Substantial tax savings:‘ 10 accountants reveal the tax credits and deductions Americans too often miss
“There are two valuable credits that the IRS reports one out of five people miss every year. The Earned Income Tax Credit is ...
Why a strong credit score is essential for financial security and independence in retirement—4 reasons
Maintaining a strong credit score in retirement ensures financial security by providing access to low-interest loans, better ...
I’ll have $30,000 saved the same month I turn 24. What next steps can I take to manage my savings early and ensure long-term financial security?
But that doesn’t mean it’s time to sit back, relax and stop saving for retirement. While having $30,000 by age 24 means ...
How to Build a CD Ladder for Retirement
Certificates of deposit can add much-needed income to a retiree’s bank account. Here’s the best way to get that job done.
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Traditional IRAs: Your Complete Guide to Retirement Savings
What Is a Traditional IRA? A traditional individual retirement account (IRA) is a retirement savings account that lets you invest pre-tax income to save for retirement. The key feature of this account ...
How to Stop Scammers Targeting Your Retirement Savings
Anyone can fall victim to a financial scam, but retirees can be more vulnerable than most, so stay alert to these common ...
I’m 35 with zero savings and $8,000 debt. How do I turn my life around?
I’m 35 years old. I have zero retirement savings, zero savings, about $8,000 worth of debt and now the phone company has ...
'I'm absolutely terrible at managing money': I'm 35 with zero savings and $8,000 debt. How do I turn my life around?
I am absolutely terrible at managing money. I need help, I need someone to lead me in the right direction and to tell me how on earth to do and how to get on top of this. It's driving me crazy. I've ...