goal of the saver's match is to actually encourage saving for retirement rather than encouraging a tax break since the funds are deposited into a retirement account rather than received in the form of a tax credit," Zuzak said. "Individuals have the potential to receive a greater benefit...
Retirement is just around the corner for Gen X. Here’s what they need to know. Maryalene LaPonsieJan. 9, 2025 Preparing to Retire in 2026 Managing taxes and staying ahead of inflation are among top concerns for soon-to-be retirees. ...
Spend some time learning about your options so you can get the most out of your benefits. Remember to reevaluate your benefit choices when your life circumstances change. If you have questions about how to enroll or how your company's benefits work, contact your human resources department. Spo...
While you won’t get an immediate tax benefit for non-deductible IRA contributions, your investment gains are tax-deferred until you make withdrawals in retirement, which is still a terrific benefit not to overlook. Laura Adams, MBA Facebook ...
The recommended minimum amount of retirement savings needed to live comfortably. Part of the problem has been attributed to the shift away fromdefined-benefit plans, or pensions, todefined-contribution plans, such as 401(k) plans. Employees are now expected to save on their own, sometimes with...
The article discusses two strategies which can help credit unions to significantly lower employee benefit costs while maintaining the quality of benefit plans in the U.S. According to the author, the concept of Total Benefits Pre-Funding and the split-dollar life insurance program have the ...
Dividend investing provides a clear path to financial freedom, allowing you to separate your income from the hours you work. But is living off dividends in retirement really possible? At Simply Safe Dividends, we’ve seen countless investors achieve this goal, and our conviction in this strategy...
How interest rates benefit you You earn interest on money deposited in asavings account, money market account, or certificate of deposit. This interest is described as the annual percentage yield (APY). Another way to earn interest is to “become a lender” yourself. Municipalities, the federal...
The point is not to get rich. The point is to take charge of your life; to be responsible for your own future. It is no coincidence that predicting your future is called "fortune telling." (See also:Balance Living in the Now With Planning for the Future) ...
If you work for a railroad, you are most likely paying Railroad Retirement taxes as your contribution to your pension. Your employer also contributes. There are two parts to Railroad Retirement contributions, which together constitute your benefit amount. These two parts are called Tier I and Tier...