Archive | retirement

How to Tell if Your Company’s 401(k) Plan Is Any Good

You’ve started a new gig, and in the midst or training videos and introductions to new colleagues, HR has shoved paperwork for the company’s retirement plan in your hand. As great as your recruiter was, she just didn’t seem that familiar with the ins-and-outs of your plan’s investment options. So how do you know if…Read […]

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Why a Roth 401(k) Is (Almost) Always Better Than a Traditional 401(k) 

Everyone’s hot on Roth IRAs, but there’s one drawback: There are income limits starting at $189,000 for a couple and $120,000 for an individual, which means higher earners must go with a traditional IRA or a backdoor Roth. It turns out, though, that those limits don’t apply to Roth 401(k)s—meaning you can get all the…Read more… […]

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You Just Need to Increase Your Savings By 1% a Year

One of the most common questions people have about getting their finances in order is how to possibly save enough for retirement when the numbers are so overwhelming. Life is expensive, and putting away 10 percent of your salary per year seems painful at best and impossible at worst.Read more… Continue Reading at http://lifehacker.com

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The 401(k) Fees You Need to Know About

When selecting a retirement plan to invest in, you need to consider your objective, the risks associated with different funds and how those funds perform over the long term. But you also need to keep track of the fees charged by your mutual fund manager—even seemingly inconsequential percentages can have a huge impact…Read more… Continue […]

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Delaying Retirement by a Few Months Can Substantially Increase Your Standard of Living

We’re all familiar with the power of compound interest when it comes to saving for retirement: The earlier you start, the less you have to put away each month, thanks to interest earned. But a recent study from the National Bureau of Economic Research finds there’s hope for people on the tail end of their […]

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How to Become Financially Independent and Retire Early, With Vicki Robin

In this episode we talk to Vicki Robin, the co-author of the bestseller Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence. Vicki’s become the godmother of a financial movement that’s increasingly popular among millennials: FIRE, which stands for…Read more… Continue Reading at http://lifehacker.com

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Should You Pay Off Your Mortgage or Invest Your Extra Money?

Each Monday we’re tackling one of your pressing personal finance questions by asking a handful of money experts for their advice. If you have a general question or money concern, or just want to talk about something PeFi-related, leave it in the comments or email me at alicia.adamczyk@lifehacker.com.Read more… Continue Reading at http://lifehacker.com

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What to Know About Blueprint Income’s Personal Pension

America’s transition from a pension system to a largely self-funded retirement system built around 401(k)s and IRAs has lead us to a retirement savings crisis. Auto-contributions help some, but the average family has $95,776 saved for retirement, a figure skewed by the disproportionately higher sums accumulated by…Read more… Continue Reading at http://lifehacker.com

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Why Your Emergency Savings Should Look Like a ‘Sidecar’ Account

Americans have a hard time putting money away: 44 percent of Americans said they could not come up with $400 to cover an emergency expense in 2016. According to a brief from the Aspen Institute, a policy nonprofit, “one-third of Americans struggle with income volatility,” and 60 percent of Americans have experienced…Read more… Continue Reading […]

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