How much do you really know about your employer-sponsored retirement savings plan? If you're like many people, you have many ideas about how your plan works that may or may not be entirely accurate. To gauge your knowledge, take this brief quiz: Are the following statements true or false?
If your child has earned income, they can get started on their retirement savings. When you open a Roth IRA for a minor, you're giving more than just an investment account; you're offering an opportunity to learn about important concepts that could provide a lifetime of financial benefits.
This blog will be about what 401(k) hardship withdrawals and loans are and their considerations before using these funds to pay for a financial emergency.
Starting a retirement fund early is great, but it’s never too late to start saving! Here, we share some tips on how to save for retirement later in life.
With the advance of remote working and non-traditional career paths, more people are turning to “temporary retirement.” What is it and is it right for you?
Where you live determines when you retire. Here are the U.S. states with the oldest and youngest average retirement ages.
How does retirement planning differ for business owners? Its a lot different from retirement planning for employees.
How do you become a 401(k) millionaire? Follow these tips to help you reach the millionaire status.
If you find yourself with a bit of extra time on your hands in the upcoming months, you may want to use this time to check in with your family’s finances.
The SECURE Act of 2019 dramatically changed the rules governing the inheritance of IRA and retirement plan assets. Retirement savings account owners and their loved ones should understand these complicated rules. Depending on a number of different factors, inheriting retirement plan assets could have a significant impact on a beneficiary's tax obligation.
Unless you absolutely cannot afford to set aside any dollars whatsoever, you should contribute to your employer's 401(k) plan. A 401(k) plan is one of the most powerful tools you can use to save for your retirement.
What benefits should I offer to my employees?
Freelancing opens up many opportunities for customized retirement plans. Here are some challenges and opportunities to take control of your financial future.
Summer often brings images of relaxation, beach trips, and lazy days. For those nearing retirement, it can also be the perfect time to test-run what their retirement might look like. It's an opportunity to dip your toes into the waters of post-career life (literally), ensuring you're ready to embrace this new chapter when the time comes. We include ways to test things like your retirement budget, activities, and schedule.
This blog will talk about some of the most notable changes from the Tax Cuts and Jobs Act of 2018, as well as provide an update about what to expect when this bill is sunsetted in 2025.
Getting stuck with an unexpected tax bill can be stressful and unsettling. Here are five ways to reduce your tax bill to a more manageable size.
Our economy and society will change as more and more baby boomers retire.
This blog is about why retirement planning looks different for women than it does for men and what we can do to help more women retire comfortably.
If you're a decade or so away from retirement, you've probably spent at least some time thinking about this major life change. How will you manage the transition? Will you travel, take up a new sport or hobby, or spend more time with friends and family? Should you consider relocating? Will you continue to work in some capacity? Will changes in your income sources affect your standard of living?
The tax filing deadline is fast approaching, which means time is running out to fund an IRA for 2023. If you had earned income last year, you may be able to contribute up to $6,500 for 2023 ($7,500 for those age 50 or older by December 31, 2023) up until your tax return due date, excluding extensions. For most people, that date is Monday, April 15, 2024.