So you’ve signed up for your company’s 401(k) plan or opened an IRA for your retirement savings. Congrats! That’s a great first step. But if you haven’t made your investment choices yet, you may still be behind the curve.
It can be stressful thinking about how much income tax you will owe in your golden years. But don't worry, because there are simple solutions you can apply now to keep those taxes down and your spirits up.
While a six-figure inheritance or high-paying job can land you in the top 1% of earners, it’s the little things—your money habits—that often make the difference between a life of prosperity and one of constant financial stress.
As the beneficiary of an inherited IRA, you have a decision to make about how and when you will begin to take distributions. Some factors that impact your options will be beyond your control. Others, however, will help determine an optimal distribution strategy.
As you become eligible for Medicare, you will probably find yourself also considering buying additional insurance to cover the costs of prescription drugs. In fact, you will discover that Medicare strongly urges you to buy supplemental coverage, because prescriptions are not included in basic Medicare coverage.
When your child is planning a wedding, it’s easy to get swept up in the excitement and to want to contribute all you can. Here’s how to balance chipping in for the big day with your other savings goals so you don’t get off track.
If the idea of retirement leaves you filled with stress over money, now may be the time to take charge. Every situation is different, so be sure to speak to a qualified financial advisor about your options.