Employees may be disappointed about being home-bound during the pandemic, but the money they’re saving can help secure their future.Employees have more disposable income now that they don’t have to pay for gas or public transportation to get to work. On average, men saved $260 more last year, and women $200, according to LT Trust, a 401(k) record keeping company.Despite the … [Read more...] about WFH savings could cushion employee retirement plans
Roth IRA
Investing 101 with Latina Finance Expert Katia Chesnok
When it comes to investing some of the typical comments are “only rich people can invest” or “investing is hard” and these tend to come from people who have never been exposed to investing. Most of us grow up thinking that we only invest when we buy a new car, a house, or even a fancy watch but ultimately it’s thought of as something rich people do. But, investing is more than … [Read more...] about Investing 101 with Latina Finance Expert Katia Chesnok
People can’t file their income taxes fast enough and COVID-19 has put ‘financially vulnerable’ Americans on even shakier footing
Happy Friday MarketWatchers. Don’t miss these top stories:Americans can’t file their income taxes fast enough — but they should brace for some unwelcome news in their 2020 refunds The IRS has received approximately 21% more individual returns than the agency received last year by Feb. 7, which was 12 days into the tax season last year. ‘It can be super, super easy, or it can be … [Read more...] about People can’t file their income taxes fast enough and COVID-19 has put ‘financially vulnerable’ Americans on even shakier footing
Your Guide to Roth Conversions
What you don't know about converting money from your traditional IRA to a Roth IRA could cost you – or your beneficiaries – dearly. Here are just three common misconceptions.Converting money from a traditional IRA to a Roth IRA is a sure way to reduce your federal income tax. (Not always.)Roth IRAs can grow tax-free forever, withdrawals are never required. (It … [Read more...] about Your Guide to Roth Conversions
How a Retirement Account Can Help Teens Pay for College
How a Retirement Account Can Help Teens Pay for College | Money Mortgages Insurance … [Read more...] about How a Retirement Account Can Help Teens Pay for College