From a young person’s perspective, the ideal 401(k) strategy is usually to start as early as possible and maximize employer match if it’s available. Compound growth is a hugely powerful tool in retirement savings, which means dollars saved in a person’s early 20s will...
Potentially yes – in two important ways. First, the extra income you earn during those final working years can go toward savings and help sustain you in retirement. Properly invested, those dollars can continue growing long into the future. Second, you can put off...
An Exchanged-Traded Fund (ETF) is essentially a bundle of stocks traded under a single fund – similar in many ways to a mutual fund. Funds often track a specific index, like the S&P 500. They’re traded under a symbol like any other equity in exchanges. The first...
All gambling winnings are technically considered taxable income, but you’ll only automatically be provided with a Form W2-G (or 1099-MISC) if you meet certain winnings thresholds at a single gaming establishment over the course of a year. Those include:...
Planning for a successful and fulfilling retirement isn’t easy. In addition to establishing predictable and adequate income for the next several decades, you also need an estate plan, a reliable health care plan, including long-term care and nursing policies, and a...
Universal advice about maximizing tax savings in retirement is hard to come by because every retirement saver and retiree’s situation is different. For example, does it make sense to delay Social Security benefits for you or your spouse until 70, or is the upside of...
