Financial independence and early retirement – known as the FIRE movement – requires devotees to relentlessly save, tirelessly work, and aggressively invest to free themselves of a full-time job by their 30s, 40s, or 50s.
Despite their best-laid plans, what...
Social Security can be complex and confusing, and there are so many factors to consider before you start claiming benefits. What age should you begin claiming? How big will your monthly checks be? How much will you be able to depend on your...
To Roth or not to Roth?
That may not be the question as William Shakespeare phrased it. But it is the question you should be asking yourself when saving retirement money in an individual retirement account.
New...
Here’s some good news for your eventual retirement: Congress is trying to make it easier for you to save for that day when you can finally leave your briefcase behind and kick back on the beach.
The Setting Every Community...
We all need savings, whether it’s for emergencies, retirement, college, or another purpose. But if you can’t remember the last time you had money left over at the end of a given month after paying all of your bills, then it’s clear that you’re...
Last year was a tough one for taxpayers, because new laws took effect that dramatically changed how people had to file their tax returns. Even the returns themselves looked different, with the old 1040A and 1040EZ forms going away and requiring everyone to...
Congress passed new legislation that would give retirement savers more time to grow their nest egg.
Currently, the IRS requires savers to start drawing down their accounts by 70½. The bill, which passed the Senate on Thursday, would raise that age...
Tax-deferred accounts are great, until they aren’t—when we have to pay taxes on our withdrawals.
Millions of Americans have tax-deferred accounts, pundits laud them, companies help fund them, institutions service them and markets help them grow. But when it comes...
The biggest legislative changes to America’s retirement system in 13 years are on their way.
On Thursday, the U.S. Senate approved a spending bill that includes the bipartisan Secure Act, which aims to increase the ranks of retirement savers and...
Credit card debt is expensive and diverts cash that could be used to build an emergency fund or make contributions to a retirement account. And low minimum payments can trap you into decades of debt. Bankrate.com released a survey this past week about...
