Roth IRAs
Should You Open an IRA If You Already Have a 401k?
Can you contribute to a 401(k) and IRA? The short answer is yes, it’s possible to have a 401(k) or other employer-sponsored plan at work and also make contributions to an individual retirement plan, either a traditional or a Roth. If you have the money to do so, contributing to both 401(k) and IRA plans […]
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What Is the Average Retirement Age?
There are certain milestones that people expect by certain ages. By 16, you hope to hit the road with your shiny new drivers license. The first election year after turning 18, you canât wait to head to the polls. For 21-year-olds, a champagne toast is in order. Eventually, everyone stops worrying about age-related milestonesâweâre all […]
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Should You Have a Joint Retirement Account?
No matter what stage of life youâre inâtackling student loan debt or buying a houseâitâs likely that planning for retirement may be looming in the back of your mind. And thatâs a good thing: According to the Center for Retirement Research, 50% of households are at risk for not having enough to maintain their living […]
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How to Invest Your Money in Your 20s to Build Long-Term Wealth
How to Start Investing Your Money as a Teenager
A 2022 Guide to Key Dates for Retirees
Missing an important deadline can sometimes mean a financial hit. Here is a checklist of what you need to do and when to avoid any potential issues.
Are Robo-Advisors Worth It? Are They Safe?
When robo-advisors first appeared on the financial scene nearly 15 years ago, they were a novelty. Now these automated portfolios have become a staple offered by numerous financial companies, providing many people with a reliable, cost-efficient way to invest for retirement and other goals â while helping to manage certain market and behavioral risks. Because […]
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The Big Financial Stories of 2021 and What to Expect in 2022
There were a lot of big financial stories in 2021, especially as the economy tried to rebound amid the pandemic. As we head into the new year, there are some significant financial changes everyone should keep an eye out for.
Required Minimum Distribution (RMD) Rules for 401(k)
When you turn 72, the IRS requires you to start withdrawing money from your 401(k) each year. These withdrawals are called required minimum distributions (or RMDs), and itâs important to understand how they work because if you donât withdraw the correct amount by Dec. 31 of each year, you could get hit with a big […]
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