by Shannon Vasconcelos, former financial aid officer at Tufts University Parents are increasingly sacrificing their own retirements in favor of their children’s educations. As discussed in the Boston Globe, three-quarters of parents report a willingness to delay retirement in order to pay for college, and, in fact, by 2024 nearly a quarter of those over age 65…
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If you have a 401(k) plan, you are probably aware that you can use it to invest in a wide variety of funds – target-date funds, passively managed index funds, and actively managed mutual funds. Some plans, however, also allow you to access other types of financial product, such as annuities. An annuity is a…
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This plan is meant to help people who are self-employed and who do not have even a single employee get the ability to save for their retirements. The plan helps people, such as independent contractors, freelancers, side-job contractors, and solo entrepreneurs. Most of such people had to rely solely on their work, and as a result,…
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New Book and Website Assist Tax-Wise Use of 401k and IRA Accounts in Retirement financial wellness This content was originally published here.
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Fidelity Investments – one of the largest investment and trading companies out there – has announced that customers can place cryptocurrencies like bitcoin into their 401Ks and retirement funds. Fidelity Allows Users to Invest in Crypto with Their 401Ks Adam Dell – the founder of Domain Money – believes this is one of the biggest…
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401k plans are retirement savings and investment plan. This plan is typically offered by employers and could give employees a tax break. This content was originally published here.
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Not having sufficient money saved for your retirement is not something you’d want unless you’ve got an alternate financial backup in place. Several retirement plans and saving options are available, each of which has its own benefits. People over the age of seventy contributed the most to 401k’s, which is one of the most popular…
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Small business owners face an uphill battle to get and retain top-quality employees. These owners may be able to compete on compensation and culture, but it can be a struggle to provide competitive benefits such as 401k plans. Thankfully, online plan providers are bringing down the costs for small business owners hoping to provide 401k…
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Finished off the year with the highest Stock Market in history. Setting records with your 401k’s, just like I said you would. Congratulations to all!— Donald J. Trump (@realDonaldTrump) January 1, 2021 Go to Source Author: {POTUS} This content was originally published here.
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Are you worried about your retirement income? You’re not alone. Many people are concerned that they won’t have enough money to live on in retirement. One way to help ensure a comfortable retirement is to ensure your 401k is working for you. In this article, we’ll discuss ways to make your 401k pay off like…
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