Losing your spouse can ignite no end of uncertainty. Do you have to brave the job market, or can your assets support your lifestyle? For that matter, where are those assets? One widow, blending time and realistic expectations, answered both questions.
Your time is a valuable resource you probably often overlook when it comes to another resource: money. We like to spend as much of both as we can today. Doing the math shows how and why it pays to invest as much as possible as early as possible.
So you make too much money to qualify for a Roth individual retirement account. What if you still want to have sources of tax-free income in retirement, which is what a Roth gives you? I present the backdoor IRA, a way to establish a Roth despite the income limits.
Your health savings account (HSA) can be your one of your best friends when medical expenses hit, allowing you to tap a fund of pre-tax money to meet ever-spiraling health-care costs. Here are the latest numbers concerning these accounts and some potential new uses for the money.
Disappearing pensions, continued corporate downsizing and stubborn unemployment combine to ignite great concern that many folks still don’t save enough for retirement. Maybe you’ve given up trying to realistically assess your future costs or you simply still spend too much without saving. Whatever the reason, here’s how to get your finances together while you still have time.
With April looming, the season for individual retirement accounts is at its height. Follow these IRA strategies that have stood the test of time, while taking note of this year’s new changes.
IRA distribution rules are extremely shortsighted. They punish taxpayers in the short run and gain the government less in the long term. To see how, let’s examine how Washington compels people to withdraw money from these popular retirement plans.
Most Gen-Yers don’t know what types of retirement accounts to start with. I break down the pros and cons of two most popular ones - 401(k) and the Roth individual retirement account - to help you decide which is right for you.
Depending on your income, you can’t just sock away whatever you want wherever you want for retirement. Our first article looked at how much you can save annually in your individual retirement account, hinging on how much you make and what status you use to file your taxes.
Your pay not only determines the size of your nest egg when you retire but also restricts how much you save annually without penalty. Here are your limits for 2015, based on how you file your tax return.