‘You can control your tax-reporting destiny’. 4 key year-end tax moves
seksan Mongkhonkhamsao | Moment | Getty Images 1. Boost your 401(k) contributions If you haven’t maxed out your workplace 401(k), there may still be time...
401(k) plans
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There’s still time for big savers to use ‘after-tax contributions’ to funnel more into 401(k) plans for 2022
If you’ve already maxed out 401(k) plan contributions for 2022 and you’re eager to save more for retirement, some plans have an under-the-radar option, experts...
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Investors will be able to contribute up to $22,500 in 401(k) plans and $6,500 in IRAs in 2023
If you’re eager to save more for retirement in 2023, there’s good news from the IRS, which just announced higher limits for your annual 401(k)...
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Here’s how you can save $1 million for retirement on an annual salary of $70,000
Consistently saving a small percentage of your salary is a simple way to ensure you’re prepared for retirement. As a rule of thumb, most financial...
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Many younger baby boomers may outlive their 401(k) savings, new research finds. Here’s why
Elena Kurkutova | Istock | Getty Images Older Americans may have a number of different goals with their retirement savings. But usually their main goal...
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For Americans behind on saving for retirement, a bad stock market can be a good time to invest more
Small business owners are among the Americans most likely to fall behind on saving for retirement. Investing back into a business is more often a...
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Nearly 7 in 10 Americans want to live to 100, study finds. Here’s how retirement is changing
Despite fears of outliving savings, most Americans still want to live longer, a study on longevity and retirement shows. Nearly 70% of Americans want to...
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Last chance to avoid a 50% penalty on required withdrawals is April 1 for some retirees
If you turned age 72 during the second half of 2021, the deadline for your first annual required withdrawal from retirement accounts is April 1....
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Americans are pausing investments because of the Russia-Ukraine war. Here’s what it could cost them
The ongoing Russia-Ukraine war is degrading Americans’ financial outlook, sparking the desire to save more and postpone investing, according to a survey from MassMutual. But...
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Joint vs. separate accounts: How couples choose to handle finances could impact their financial success
DusanManic | iStock | Getty Images When it comes to handling money, couples have a choice: combine all of their accounts, keep them entirely separate...
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No emergency savings? New workplace benefits aim to help
Nearly 1 in 5 Americans admit they saved no money at all in 2021, according to a survey by MagnifyMoney. Saving can be especially difficult...
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There are partial outages at Vanguard. What to do if you can’t make a required minimum distribution by Dec. 31
FG Trade | E+ | Getty Images Vanguard investors have been grappling with partial website outages over the past several days that have blocked some...