Doctors are particularly bad at managing their personal finances and financial well-being for several reasons:We hate to admit when we don't know somethingWe got into medicine to help people, not for the moneyWe think of money as dirty in our professionWe trust other "professionals" to act in our best interest and succumb to poor investments at the hands of financial … [Read more...] about Is Financial Freedom for Doctors Possible?
Here’s How Much You Should Have in Your 401(k) Account, Based on Your Age
FlamingoImages / Getty Images/iStockphotoRetirement seems like a far-off thing that we never really feel prepared for, but young people might be on a better path than they think. According to data from Fidelity’s retirement platform, people in their 20s have roughly $15,000 saved in their 401(k)s.See: Costco and 23 Companies With Surprisingly Great 401(k) PlansFind: How To … [Read more...] about Here’s How Much You Should Have in Your 401(k) Account, Based on Your Age
ESG Investments in Your 401(k)? Make Sure They Are What They Claim To Be
Tinnakorn Jorruang / iStock.comWith more and more demand for retirement plans to increase environmental, social and governance (ESG) investing, a recent study notes that savings in these plans are invested in companies which directly contradict publicly stated corporate sustainability goals on climate change and racial justice.See: Could ESG Investing Change the Business … [Read more...] about ESG Investments in Your 401(k)? Make Sure They Are What They Claim To Be
Best 401k growth calculators to save for retirement revealed
PENSION savers can use 401k growth calculators to check how much money they'll have for retirement. It's a key way to understand whether you'll have enough cash as you get older - or whether you need to ramp up your savings habits. 1Calculators are a handy way to check 401k growth - and whether you're on track for a comfortable retirementCredit: Getty A 401k allows you to … [Read more...] about Best 401k growth calculators to save for retirement revealed
Always another deadline: Tax preparers share their pre-October priorities
Normal plans for this time of year might have been thrown by a (second) tax season like no other, but the priorities before fall still wait for no firm. With the October deadline for extended returns looming, practitioners are wondering how best to fill the time between now and the infamous second season.“First I want a vacation,” said Terri Ryman, an Enrolled Agent at … [Read more...] about Always another deadline: Tax preparers share their pre-October priorities