Search for Open a Savings Account
1,428 results found
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Why Your 401(k) Is a Tax Trap (and What You Should Do)
Just about every financial expert I know advises savers to contribute to their company's 401(k) plan -- at least enough to receive the employer's matching contribution. I can't argue any differently. That company match is free money -- a bonus from the boss -- so why not cash in if you can? And, of course, the tax brea
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Solo 401(k)s and SEP IRAs: What you need to know
As an owner of a small business, you have multiple roles to play, and saving for retirement is probably the last thing on your mind. However, with proper planning, it can minimize taxes and help make your business profitable. Solo 401(k)s and SEP IRAs are both tax-deferred retirement savings accounts for small business
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3 Reasons Retirement Might Not Be as Expensive as You Think
Retirement is expensive, and many Americans worry about running out of savings. You can minimize this risk with careful planning, but it's impossible to know precisely how much money you will need. If you find this daunting, I have good news. You may not need quite as much money as you think. Here are three factors you
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7 Wealth Building Habits You Need To Start Now
Your wealth can typically be managed 1 of 2 ways: Either you are building your wealth, or you are shrinking your wealth. Each and every day, we
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Women Live Longer Than Men: Here's How They Can Avoid Running Out of Money in Retirement
The dramatic market losses stemming from COVID-19 have many investors thinking about the safety and security of their nest eggs. For women, in particular -- who are more likely to live longer and often have less money set aside for retirement than men -- the financial hit may feel especially stressful. SEE ALSO: 4 Ways
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7 Sources of Retirement Income You Probably Haven't Considered Yet
There are some things you should do well before you retire, and an important one is this: Figure out your sources of retirement income. After all,
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How the Coronavirus Crisis Might Affect Your 401(k) Benefits
The next time a global pandemic rolls around, at least we'll know what to expect. The effort to contain COVID-19 in the U. S. has changed how we work, shop, exercise, and socialize. Even our long-term savings habits might be disrupted as employers look to optimize 401(k) benefits to conserve their own cash. According t
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Here's the checklist business owners should use when planning to reopen
After nearly two months of disruption, businesses around the US are impatient to resume operations. In one survey, half of small businesses said they were actively working on a local re-opening plan. In a separate question, half also said they could re-open in less than a month after restrictions end. In order to reope
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What is a rollover IRA? How to transfer funds from your 401(k) to an IRA and avoid taxes
Summary List PlacementIf you have an employer-sponsored plan like a 401(k), you might wonder what happens to your money when you leave the job — either for a new gig, to work on your own, or to retire early. A rollover IRA is one alternative. It could be a smart choice if you're looking for more investment options, low
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Four Ways the SECURE Act Impacts Your Retirement Planning Now
Retirement and wealth planning have become more dynamic in recent years as Congress amends the rules on a regular basis. In the past couple of years, two significant tax code changes, each with major impacts on families strategic financial planning, were signed into law. The most recent change, the SECURE Act, was pass