Peter Cade | Getty ImagesIt looks like some older workers might get a boost in how much extra money they can put in their retirement accounts.So-called catch-up contributions — amounts permitted above the usual contribution limits — would be expanded for workers in their 60s, under legislation pending in Congress. While the details differ between the Senate and House versions — … [Read more...] about Who benefits from proposed changes to 401(k) ‘catch-up’ contributions
7 Tips for Retirement Saving After 40
szefei / Shutterstock.comEditor's Note: This story originally appeared on The Penny Hoarder.By the time you turn 40, you are more than aware of the importance of saving for retirement. In fact, it might seem like every magazine and personal finance website, and even chats with friends, raises the issue. The problem is that some of the advice out there is less than helpful, and … [Read more...] about 7 Tips for Retirement Saving After 40
Style Invitational Week 1448: Hear, hear, it's Limerixicon XVIII – The Washington Post
Style Invitational Week 1448: Hear, hear, it's Limerixicon XVIII The Washington Post … [Read more...] about Style Invitational Week 1448: Hear, hear, it's Limerixicon XVIII – The Washington Post
Personal Finance Guide for Military Service Members and Families
Certain aspects of personal finance are universal. Whether you’re in the military or a civilian, you need to spend less than you earn, stash some money in your emergency fund for expenses that are bigger than your monthly cash flow can cover, and invest for retirement. You also need various forms of insurance to protect your assets and your loved ones. However, certain … [Read more...] about Personal Finance Guide for Military Service Members and Families
How long will my 401k last?
RETIREMENT savers putting cash into a 401k will be wondering how long the money will last in their older years. We explain what you need to know and tools that help you check. 1We explain how to know how long your 401k will lastCredit: Getty What is a 401k? A 401k allows you to dedicate a percentage of your pre-tax salary to a retirement account. Employers can also choose to … [Read more...] about How long will my 401k last?