Congress increased the amount workers could contribute to their retirement plans but then realized that older workers closer to retirement were in rough shape.
Let’s start with the employer plans, 60% of employers offer some sort of retirement plan, but only about 50% of employees take advantage of the plans offered.
According to the Employee Benefit Research Institute’s latest study on borrowing, more than 20% of participants have outstanding loans from their retirement plans.
Mid-year is a good time to take stock of your retirement accounts.
There is tax planning for the recent graduate or their parents who want to give them advice.
At 60, retirement is so close you can actually taste it, but you haven’t saved enough and you know unless you win the lottery there will never be a million dollars in your bank account, so what can you do?
Whether you’re 25 or 55, you know you’ll want to retire one day – and to retire in comfort you must save. These five simple steps can help you make a big difference in your efforts to reach retirement with lots of money in your retirement account.
Today starts a national campaign for Americans to save more money.
It’s time to dig out those receipts for last year’s charitable contributions.
Congress and the IRS decided that you cannot leave your pre-tax retirement savings growing forever tax-deferred, so they chose 70½ for you to begin mandatory withdrawals.