Retirement is a milestone that many people look forward to with great anticipation. While the freedom of having more time to spend with loved ones, pursue hobbies, or travel is certainly something to be celebrated, it is also important to plan, save, and invest so this future can be a reality. It’s never too late […]
The post The Ultimate Guide to Investing for Retirement at Age 60 appeared first on SoFi.
Saving money is a no-brainer. Its benefit is obvious. You have more money! Your bank account grows. Your 401(k) grows. You can retire (potentially early) and do fun things with the savings you’ve built up over time. But there’s a second, hidden benefit to saving money.
Internal Revenue Service (IRS) rules require companies with 401(k) retirement plans to identify highly compensated employees (HCEs). An HCE, according to the IRS, passes either an ownership test or a compensation test. Someone owning more than 5% of the company would qualify as an HCE, as would someone who was compensated more than $135,000 for […]
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In theory, thereâs no limit to how many individual retirement accounts (IRAs) one person can have. A retirement saver could potentially maintain more than one traditional IRA, Roth IRA, rollover IRA, or simplified employee pension (SEP) IRA in order to gain certain tax advantages now, and potentially down the road. That said, the rules governing […]
The post Can You Have Multiple IRAs? appeared first on SoFi.
Protecting a nest egg is tough enough. Don’t make the situation far worse.
Did you realize all these tax credits and deductions exist — or that they apply to retirees?
The post 14 Best Types of Investment Vehicles appeared first on Well Kept Wallet.
You’ll be surprised by the recent results of the Best Interest Stock Picking Competition. Was the stock market success just luck?
Betterment has just released a new set of apps for iOS 7 and Android platforms. Here’s a quick walkthrough and review, and why they make the service even better.
The post Betterment Launches New Mobile Apps For iOS And Android appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.