Roth IRA

Video above: Tax changes amid COVID-19 pandemic that could impact you Next Monday, May 17, is the official deadline for individuals to file their 2020 federal tax return, and in most instances, their state tax return, too.It's a month later than usual, thanks to the pandemic. But the filing deadline's not the only thing that's changed. Many of the upheavals over the past year … [Read more...] about Tax Day is Monday. Here’s what you need to know after a year of pandemic stimulus checks

We’ve seen the stimulative effect of the $1400-a-head that started hitting American bank accounts back in March wane a bit. Some folks spent the money on immediate needs. Many who didn’t need it right away are still holding a chunk of that relief money in their bank accounts.  Like Emma Flynn, 26, who was working in a hospital coffee-shop in Omaha, Nebraska, for $10-an-hour. … [Read more...] about Relief payments boosted Americans’ bank balances. Here’s how.

article If you want to aggressively tackle your debt, you'll need strategies that move the needle. (iStock) With rising costs for college tuition – which range from $9,410 for in-state public universities to $32,410 per year at private colleges – saving for your child’s tuition is a challenging task. But as daunting as it may seem, you can successfully create a savings … [Read more...] about 5 strategic ways to save for your child’s college tuition

article If you want to aggressively tackle your debt, you'll need strategies that move the needle. (iStock) With rising costs for college tuition – which range from $9,410 for in-state public universities to $32,410 per year at private colleges – saving for your child’s tuition is a challenging task. But as daunting as it may seem, you can successfully create a savings … [Read more...] about 5 strategic ways to save for your child’s college tuition

Money Cents: Focusing on Roth IRA's  NBC Montana … [Read more...] about Money Cents: Focusing on Roth IRA's – NBC Montana

Occupation: Communications AssociateIndustry: Higher EdAge: 27Location: New York, NYSalary: $70,000 (full-time salary) + $2,500-$4,000 (side gig)Net Worth: $149,459 ($151,200 assets - $1,741 debt — retirement accounts: $64,600 ($10,800 in Roth IRA; $30,400 in 403b; $23,400 in 401(a)), taxable investments: $60,900 ($58,700 brokerage; $2,200 individual stock), cash: $25,500 … [Read more...] about Communications Associate in New York, NY — Money Diary

529 plans are the most popular savings vehicle for college, but other options may be a better fit for you and your child. (iStock) With rising costs for college tuition – which range from $9,410 for in-state public universities to $32,410 per year at private colleges – saving for your child’s tuition is a challenging task. But as daunting as it may seem, you can successfully … [Read more...] about 5 strategic ways to save for your child’s college tuition

Employers aren't required to contribute money to employees' retirement account. Although the city will administer it, this private-sector program is unrelated to city public employee retirement plans. The law covers employees age 21 or older who work at least 20 hours a week. The New York City program will default to a Roth IRA with a contribution rate of 5% of annual salary … [Read more...] about New York City latest to offer plan for private-sector workers

Many seniors count on Social Security to pay the bills, and chances are, you'll do the same. But did you know that Social Security is subject to taxes? It's a rule that tends to catch recipients off guard. That said, there are steps you can take to avoid losing a chunk of your benefits to taxes -- and keep more of that money for yourself. 1. House your retirement savings in a … [Read more...] about 3 Ways to Avoid Taxes on Your Social Security Benefits

You hit a lot of milestone birthdays when you’re young. There’s your first birthday, of course, and also the one where you turn 10 (finally, double digits!). At 13, you’re a teenager. At 16, you’re probably thinking about driving. At 18, you can vote; at 21, you can get into bars.You hit a bunch of milestones later in life as well, and many of them have to do with retirement. … [Read more...] about 8½ birthdays that can affect your retirement