Legend has it that Ernest Hemingway and F. Scott Fitzgerald disagreed about the rich. Fitzgerald, who had stars in his eyes, supposedly said, “The rich are different from the rest Read more
Tag: 401k
How much will you need to retire? Good question.
The financial-services industry is fond of making declarative statements to savers and investors. You should save at least 10% of your income. You should have 10 times your salary saved Read more
Don’t go into retirement with a mess–organize your retirement accounts
After decades of hard work, retirement can be a blissful time, but without a little organization, it can also be overwhelming. Retirement Tip of the Week: Before you get too Read more
Opinion: The limit for 401(k) contributions will jump nearly 10% in 2023, but it’s not always a good idea to max out your retirement investments
The federal government will allow you to save nearly 10% more for retirement in 2023. But it’s not likely that many will take advantage of the tax break. The simple Read more
Americans think they need $1.25M to retire. Is that enough?
Americans think they need $1.25 million to retire comfortably, new research suggests, but while that number may seem hefty — it still may not be enough. A study from Northwestern Read more
Halloween: It’s the best time of the year to buy stocks
I once got some excellent investing advice around Halloween from a fortuneteller in Salem, Massachusetts. “Are you prepared in your life to take on more risk?” he asked over a Read more
IRS sets new 401(k) limits — investors can save a lot more money starting in 2023
Days after the Internal Revenue Service announced big inflation-related bumps to tax brackets and standard deduction payouts for 2023, the tax agency is announcing sizeable increases in the amounts of Read more
IRS sets new 401(k) limits — investors can save a lot more money starting in 2023
Days after the Internal Revenue Service announced big inflation-related bumps to tax brackets and standard deduction payouts for 2023, the tax agency is announcing sizeable increases in the amounts of Read more
Should 401(k) and IRA savers take the plunge right now?
This is a great moment to think about raising your 401(k) contributions, making your 2022 IRA contribution, or hiking your current retirement plan’s allocation to stocks. The simple response is: Read more
Are you a ‘quick quitter’? Job-jumping may be sabotaging your retirement.
For job jumpers, the excitement of a new position and higher salary may be a lure to change companies, but it’s important to remember the 401(k) you have built at Read more