Why Saving is Important
American workers are retiring earlier and living longer than previous generations. This makes investing for retirement is more important than ever.
Sources of Retirement Income
If you’re heading into retirement within the next ten years, chances are you will be responsible for generating more of your retirement income than workers from previous generations. Before you put your retirement date on the calendar, take a good look at your likely sources of retirement income to determine whether you can meet your estimated living expenses—and stay up with inflation.
The Benefits of Tax Deferral
No matter your age, income or financial goals, taxes can take a bite out of your long-term savings. That’s why it makes sense to make the most of as many opportunities as you can to set aside money in tax-deferred IRAs and workplace retirement savings plans such as 401(k)s and 403(b)s. Tax benefits and compound growth make small, regular, contributions grow into more than you might think.
Get the Most From Your Employer's Retirement Plan
At the heart of every retirement plan is your ability to leverage your contributions with tax advantages, and hopefully, employer contributions. Whether you have a 401(k), a 403(b), a SIMPLE IRA or another type of plan it is important to make intelligent decisions about what you control.
The Benefits of a Workplace Retirement Savings Account
In the late 1970s, Congress added a paragraph to the tax code that permitted American companies to establish tax-deferred savings plans for their employees. The benefits of tax-deferred savings coupled with the discipline of payroll deduction, has made saving for retirement easier for millions of American workers. Here are the most important benefits of workplace retirement savings plans.
Understanding IRA Rollovers
When you leave your employer you have the option to move your money from your retirement plan to an IRA.
Beneficiary Designations
What do you want to happen to your wealth after you’re gone? It’s not a comfortable topic but is important to consider. Your beneficiary designation can have a profound effect on what your heirs can do with your assets.