With tax season right around the corner, it’s time to talk about what you need to know before you file 2023 taxes. According to the IRS, “Although the IRS will not officially begin accepting and processing tax returns until Jan. 29, people do not need to wait until then to work on their taxes if… Continue reading What to Know Before You File 2023 Taxes
It’s no secret that many Americans struggle to save for retirement. The hard truth is that this is often due to bad financial habits. Consider the fact that Americans’ credit card balances have gone up 40% over the last 2 years with overall card balances totaling $1.08 trillion.¹ Now, some of this debt is understandable,… Continue reading Are These 5 Bad Financial Habits Sabotaging Your Retirement Savings?
Many of us start the New Year resolving to do better financially, and based on reports from 2022, it’s easy to see why. A 2023 Bankrate survey found the following: “Americans are more than two times more likely to feel financially insecure than secure. Slightly more than 1 in 4 (28 percent) Americans say they… Continue reading 2024 Financial Checklist for Q1
Years of economic hardships have sent many people online searching for helpful 401(k) articles. A 2003 Bankrate study found that “Americans are more than two times more likely to feel financially insecure than secure. Slightly more than 1 in 4 (28 percent) Americans say they are completely financially secure. That compares with the majority (72… Continue reading 10 Most Read 401(k) Maneuver Blogs of 2023
If you’re wondering if you should stop funding your 401(k) because you’re having a hard time making ends meet or are nervous about the economy, you aren’t alone. A 2023 CNBC Your Money Survey finds that “three quarters of working Americans (74%) say they are stressed about their personal finances these days.”¹ As a result,… Continue reading Why Now Is NOT the Time to Stop Funding Your 401(k)
To achieve retirement savings goals, it is crucial to not only protect your savings, but also ensure they grow at a rate that outpaces inflation. With inflation eroding our purchasing power and hard-earned money, many investors are wondering what this means for their 401(k)s. The good news is, a powerful tool that may help you… Continue reading Investing More in Your 401(k) May Help You Beat Inflation
It feels good to wrap up things nicely before the end of the year, but there’s a lot to do. That’s where having a fourth quarter financial to-do list comes in. It helps you prioritize the things you need to do to ensure you are in your best financial shape going into 2024 and beyond.… Continue reading Boost Your Finances: Fourth Quarter Financial To-Do List
While data shows more people are saving for the future, others are putting their financial futures at risk by taking 401(k) hardship withdrawals. 401(k) hardship withdrawals should be a last resort, but people are playing fast and loose with their retirement savings, as shown by recent reports from Vanguard, Bank of America, and Fidelity. According… Continue reading The Real Impact of 401(k) Hardship Withdrawals
One of the perks of employment is a 401(k). But what happens with the money you’ve accrued for retirement when you change jobs? The money is still there. But leaving behind an old 401(k) may be a costly mistake. Keep reading for the costly dangers of forgetting to roll over an old 401(k). Why So… Continue reading The Danger of Forgetting to Roll Over Old 401(k)s
The Secure Act 2.0 brought about numerous changes to how we save for retirement, including when investors need to start taking required minimum distributions (RMDs). However, the IRS is making RMD changes yet again – this time delaying certain rules in order to provide a smoother transition not only for plan administrators, but also for… Continue reading IRS Delays Certain RMD Rules: What You Need to Know
