Many Americans are sitting on record amounts of savings after a year of staying home. Don't let it sit in a checking account — invest it for retirement or other long-term goals. If you have debt, pay it off with your savings. And if your money's in good shape, take a vacation. Read more stories from … [Read more...] about 5 Smart Ways to Use Your Savings, According to Financial Pros
Roth IRA
40 Ways You Can Save Money Now
Editorial IndependenceWe want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.If you attended our Moms & Money event in May, this quote from panelist Shaang Saavedra may be ringing in your head:“Money is like … [Read more...] about 40 Ways You Can Save Money Now
When Tax Breaks for Retirement Savings Enrich the Already Rich – ITEP
Members of Congress frequently claim they want to make it easier for working people to scrape together enough savings to have some financial security in retirement. But lawmakers’ preferred method to (ostensibly) achieve this goal is through tax breaks that have allowed the tech mogul Peter Thiel to avoid taxes on $5 billion. This is just one of the eye-popping revelations in … [Read more...] about When Tax Breaks for Retirement Savings Enrich the Already Rich – ITEP
Your Guide to Retirement Planning
Getting ready for retirement requires consistent saving, prudent investing and successfully avoiding penalties and fees. You can build a nest… Getting ready for retirement requires consistent saving, prudent investing and successfully avoiding penalties and fees. You can build a nest egg faster if you … [Read more...] about Your Guide to Retirement Planning
The great wealth transfer has a big tax impact. How to reduce the bite
Rolf Bruderer | Tetra images | Getty ImagesThe greatest wealth transfer in history is underway, and taxes may take a bite from inheritances without proper estate planning, financial advisors say.It's estimated that nearly 45 million U.S. households will transfer more than $68 trillion over the next 25 years, according to Cerulli Associates. Baby boomers hold the bulk of the … [Read more...] about The great wealth transfer has a big tax impact. How to reduce the bite