Quick facts about the 401(k) A 401(k) is a tax-favored retirement savings account offered by employers Individuals can contribute up to $18,000 a year ($23,000 if age 50 or older) Some employers offer the choice of both a traditional 401(k) and a Roth 401(k) You can contribute to both a 401(k) and an IRA in the … Continued
Saving up for the future can be daunting. Whether you’ve got your eyes on a tropical vacation or you’re stockpiling for your emergency fund, meeting your savings goals can seem out of reach unless you use a system that lets you save as painlessly as possible. One good option is to turn to the new breed … Continued
Whatever your financial goals — from building a nest egg to flying the coop for a dream vacation — you’re only 10 minutes away from being a step closer. Here are 10 quick ways to get your personal finances in order. 1. Bump up your 401(k) contribution Contributing just 1% more of your paycheck toward … Continued