Retirement

5 year-end strategies to boost your retirement savings

Rounding out another year comes with plenty of to-dos: getting gifts for loved ones, spending time with family, embracing the holiday spirit, and—of course—coming up with resolutions for the year ahead. Many people overlook one critical resolution, however: making sure they’re maximizing their retirement account contributions. If you haven’t already maxed out your 2020 contributions to your retirement plan or individual accounts, doing so at the end of the year is a great way to cross one more thing off your list before the ball drops on December 31.
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Will my retirement fund withdrawals affect my Social Security benefits?

Social Security provides a guaranteed source of income in retirement, but what many don't realize is that you're not guaranteed to keep it all. Some retirees owe taxes on their Social Security benefits, but it all depends on your income. Here's a closer look at how your retirement fund withdrawals play into all of this.
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Hands down, this is the first investment you should make

Investing can help you become a millionaire over time, even if you're starting from scratch.
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What you need to know about your retirement forecast

Is your retirement forecast rainy or sunny? Do you see a green light on your road to retirement or are you stopped by a red light? Is your projected retirement age older than you’d like?
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10 reasons to save now, so you can retire well later

Retirement will come, the question is will you be ready? The choices you make about your contributions and investments are up to you. Here is why it is essential to jump start your savings so you can retire well.
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Does my Social Security go on my tax return?

Nobody likes to pay taxes, but it's especially hard for older Americans to deal with an unexpected tax bill. Given how many people live primarily on fixed incomes from Social Security and other sources, many don't have much extra cash to pay any more than absolutely necessary to the IRS.
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The SECURE Act Key Changes and FAQs

These FAQs provide a summary of some of the changes within the SECURE Act. Several of these provisions will require interpretation from the IRS and other agencies. As with all financial matters, you should contact tax and financial professionals as it relates to your own personal circumstances.
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Uncle Sam Makes Retirement Planning, Saving Easier With 6 Key Reforms

6 Key reforms may help make retirement planning and saving a little easier.
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Why your 401(k) is more important than you think

If you are contributing to a 401(k) plan, you probably enjoy seeing those savings increase each year. When you change jobs, you may think of that money as a way to pay moving expenses and other costs connected to starting a new position. Or, you may think of the account as a way to save for a house or another large purchase, or to borrow money for your child's education.
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3 ways to make early retirement a reality

There's a burgeoning movement spearheaded by millennials called FIRE, which stands for Financial Independence, Retire Early. In numerous blogs, FIRE proponents share stories about retiring in their 30s and the ways to achieve it. Country living, simplicity, leisure, freedom -- here we come.
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Traditional IRA vs. Roth IRA vs. 401k

A key component in this plan is having the money to live an enjoyable life. But picking the right retirement plan can be confusing. In this post, we aim to simplify things and help you make a more informed choice.
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3 ways your office 401(k) gives you more money than you realize

Saving for retirement doesn't have to be a daunting task. In fact, one of experts' most-recommended retirement accounts can make saving virtually effortless.
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Should you accept an early retirement offer?

Companies seeking to reduce or refresh their staff frequently offer employees a package of incentives to encourage them to leave their jobs voluntarily, often before their customary retirement date.
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3 reasons to start saving for retirement now

If you’re decades away from retirement, you may not think it’s necessary to start saving yet as your money can be better spent elsewhere.
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Employer matching, vesting, and your 401(k): what you need to know

Matching is a terrific benefit, and approximately 92% of companies that offer 401(k) plans provide a match. To make the most of your employer match, you need to understand when the funds legally become yours, through vesting.
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How this simple mind trick can help you save more for retirement

While saving for the future isn't easy, there is a simple trick that can help you save more.
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