If you’re like many people, you tell yourself little money lies without even realizing it. These lies might justify spending or a lack of savings, or help you avoid dealing with money altogether. Regardless of the reason, they disconnect you from your finances and limit you now and in the future. If you’re telling yourself … Continued
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
Cash can help you survive an emergency, but saving as much as financial planners typically recommend — three to six months’ worth of expenses — can take years. You can build an edible emergency fund a lot quicker. A well-stocked pantry can help you: Survive a natural disaster or extended blackout Get through a stretch … Continued