Contributions, investment earnings, and distributions may or may not be subject to state taxation. 6. Fidelity's suggested total pretax savings goal of 15% of annual income assumes a starting age of 25 through an assumed retirement age of 67, to potentially support a replacement annual income ...
Some states also provide tax deductions for contributing to these plans, so it can be worthwhile to check on whether your state does so. What balance should you have saved in your 401(k)? The average savings rate and retirement savings account balances can give you an idea of what others ...
The Invesco Preferred Fund (PGX) is another preferred stock ETF that delivers on yield. PGX's objective is to replicate the performance and yield of the ICE BofAML Core Plus Fixed Rate Preferred Securities Index. Its portfolio holds more than 200 preferred stocks with a heavy weighting towards ...