In the fifth and final episode of Fair Shares, a podcast from the Washington Post Creative Group and MassMutual about helping smart women plan a better financial future, host Bola Sokunbi — a financial education instructor and the CEO of Clever Girl Finance — joins two business owners taking charge of their financial fates. Donna identifies as a self-made, lifelong … [Read more...] about Episode 5: Then I Planned For The Future
Schwab Retirement Plan Services Launches My Financial Guide to Help Workers Take Control of Their Financial Lives
WESTLAKE, Texas--(BUSINESS WIRE)--Schwab Retirement Plan Services announced today the launch of an interactive, online dashboard designed to help retirement plan participants save and invest. My Financial Guide walks participants through a financial health assessment using straightforward questions most workers can answer without having to look at their financial records. The … [Read more...] about Schwab Retirement Plan Services Launches My Financial Guide to Help Workers Take Control of Their Financial Lives
Understanding Annuities and Taxes: Mistakes People Make
When it comes to taxes, we all have to pay the piper. In this case, the piper is Uncle Sam. So, even though you’ve seemingly already paid your fair share, your taxes aren’t going to necessarily be any lower in retirement. And, this also applies to annuity owners.Annuity Taxation 101Annuities are taxed by the IRS based. And, the tax is almost entirely calculated on how they were … [Read more...] about Understanding Annuities and Taxes: Mistakes People Make
5 Simple Moves to Shift Your Retirement Savings Into Overdrive
It's good practice to constantly search for new ways to optimize your strategy around saving for retirement. By making small changes today, you're setting yourself up for a more comfortable financial future. Here, we'll look at five simple ways to put your retirement savings into another gear. 1. Look into IRA options Remember that your employer-sponsored retirement savings … [Read more...] about 5 Simple Moves to Shift Your Retirement Savings Into Overdrive
Can You Retire a Millionaire With an IRA Alone?
Workers with access to a 401(k) plan get to reap a number of important benefits. First, 401(k) plans often come with employer matches. Workers who contribute to those plans commonly get free money that can help them grow their balances substantially. Secondly, 401(k) plans come with generous annual contribution limits. Currently, those sit at $19,500 for workers under 50, and … [Read more...] about Can You Retire a Millionaire With an IRA Alone?