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2,274 results found
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The 'retirement savings waterfall' explains where your money should go to build the most wealth
It can be hard to figure out where to put the money you save for retirement when there are multiple types of accounts you can open. The "retirement savings waterfall" can help you prioritize, by explaining where your money should go first, and then where any extra money should go. First, take advantage of any employer
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Update Your Retirement Strategy with New 2020 IRS Contribution Limits
If you wish you could save more for retirement, you’re in luck. The Internal Revenue Service (IRS) is letting you contribute more toward retirement in 2020. The increase in the annual limit also applies to catch-up contributions. This is great news for retirement savers since 38% of Americans aren’t confident that they
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When Is It OK to Tap Your Retirement Savings?
You spend your working years saving what you can for retirement, knowing you'll one day take the money out. But things don't always go according to
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Budgeting for a Family
If you’re expecting your first child, establishing a budget that includes your growing list of expenses is important for helping you manage your
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Who Needs Life Insurance the Most?
Even for those who feel like they're at the peak of life, the future is never certain, so thinking through the financial implications of a sudden illness or accident can be a wise move. Does that mean you need life insurance? If there are people in your life who depend on your earnings, and you don't have an enormous b
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Have an HSA? Here's Why You Shouldn't Tap It Just Yet.
Saving in an HSA, or health savings account, is a great way to help ensure that you'll have money on hand when healthcare expenses arise. But
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The 5-Minute Morning Routine to Organize Your Finances
Keeping your finances organized is an important part of building wealth, and it doesn’t have to take much time.
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Three Replacements for Stretch IRAs
The elimination of the Stretch IRA is a game changer, especially for parents who were considering bequeathing savings in IRAs to their kids. "For a lot of people, the bulk of their wealth has been established in their IRAs," said Michael Repak, vice president and senior estate planner with Janney Montgomery Scott. "Thi
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How to Make an Impact With Qualified Charitable Distributions
Helping others is a noble aspiration, and it doesn’t need to be confined to your estate plan for after you pass away. Giving during your lifetime can
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What Happens to Your Retirement Plan When You Switch Jobs
When switching jobs, there are a number of considerations for what to do with the money in your previous retirement plan.