By Jada Diedrich, CPA Roth IRAs are a great way to build your retirement nest egg, help your kids learn financial responsibility, and save money on taxes. Before we dive deep into this popular investment strategy, let’s first examine the basics: When you make qualifying withdrawals from a Roth IRA, you pay no income taxes. … Read more
(Kailey Hagen) Retirement looks a little different for everyone, and so should the way we save for it. Retirement accounts like 401(k)s and IRAs form the backbone of most people’s retirement plans, and many can also count on Social Security for help. But those aren’t the only ways to fund your retirement. Here are three … Read more
Different people set different savings goals when it comes to retirement. But you’ll often hear people say that $1 million in savings is enough to retire comfortably. Well, the good news is that accumulating a $1 million 401(k), or IRA, isn’t actually that difficult — not if you fund that account from a young age … Read more
Consortium to initiate a framework for retirement income assessment, training and certification NEW YORK, May 4, 2022 /PRNewswire/ — To accelerate the adoption of guaranteed income solutions in retirement plans, global fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) has officially launched an initiative to leverage deep expertise in the retirement arena to support the Efforts … Read more
The Securing a Strong Retirement Act of 2021, also known as “SECURE” or “SECURE 2.0”, recently passed the US House of Representatives with an overwhelming majority of 414 to 5 votes. The new bill introduces several changes to employer-funded pension plans, including setting up automatic enrollment of employees in certain plans and increasing the age … Read more
One of the first times Jay Wright faced Jim Calhoun as Villanova head coach, one of the coaches was kicked out before the end of the game. And believe it or not, it was Wright, now known as the George Clooney-looking, slick sideline operator, who got the toss – not the often-quarrelsome Calhoun. “He said … Read more
NickyLloyd/Getty Images Although you can quit your job at any time and call it “retirement,” having enough money to support your after-work life takes careful planning. In addition to general financial planning rules such as “pay yourself first” and “save as much as you can,” savers need to be familiar with other, more specific terms … Read more
Gasoline, food and housing prices have skyrocketed in the past year. Rising healthcare costs are less noticeable to some. Medicare, the US government’s national health insurance program for Americans age 65 and older, has imposed a 14.5% premium increase for Part B (outpatient care coverage) for 2022, a record high and almost double the March … Read more
Placeholder when loading item promotions So much comes out of Tyson Fury’s mouth during fight week that it’s hard to know which aspects to gloss over and what to take seriously of one of boxing’s most colorful and controversial characters. But the world heavyweight champion seems to be consistent in one thing. His title defense … Read more
April 21 (Reuters) – The big retirement is turning into the big return, with the US jobs report for March released earlier this month showing a plunge back into the labor market among older workers. This reflects the ample number of jobs available – and reduced concerns about the health risks associated with COVID-19. The … Read more