Have you used up your contributions to the 2022 pension plan? Here’s another account to save to

(Maurie Backman) You will often hear that it is important to push yourself to maximize your pension plan contributions. The more money you invest in an IRA or 401 (k), the more you will have access in the future. Plus, traditional IRAs and 401 (k) plans give you instant tax relief on your contributions. So … Read more

The big secret of Wall Street will never tell you about investing

(Ryan Downie) Investors can learn valuable lessons from Wall Street, but professionals aren’t always eager to reveal their secrets. Fortunately, there is a common misconception about the stock market that isn’t too difficult to correct – and it seems to be linked to some of the more costly mistakes retail investors make. Keep this “secret” … Read more

Why you should reconsider whether early retirement is right for you

(Stefon Walters) Retiring is something most workers are looking forward to. Whether they want to travel the world, spend more time with their family, or pursue a new hobby, the thought of having the freedom to do what pleases them is a well-deserved reward after decades of work. There is no one-size-fits-all number as to … Read more

The big secret of Wall Street will never tell you about investing

(Ryan Downie) Investors can learn valuable lessons from Wall Street, but professionals aren’t always eager to reveal their secrets. Fortunately, there is a common misconception about the stock market that isn’t too difficult to correct – and it seems to be linked to some of the more costly mistakes retail investors make. Keep this “secret” … Read more

Work in retirement? Here’s why it’s great and why it’s not really

(Dave Kovaleski) According to a study published last summer by the American Association of Retired Persons (AARP), about 42% of retired Americans are either working or planning to retire, while 57% of those close to retirement plan to continue working. . What is driving this trend? Let’s take a look at some of the reasons … Read more

The 2023 saver credit is available to more taxpayers than ever

(Dan Caplinger) Everyone can benefit from retirement savings. But especially when times are tough, it’s hard to find the money to put aside. Whenever you can get help, it’s worth taking advantage of. The federal government was concerned with making sure low- and middle-income Americans were prepared for retirement. That’s why lawmakers created the Retirement … Read more

You probably shouldn’t be applying for Social Security at 62

(Catherine Brock) Here is some good news to think about as you approach the end of your working life. You have some control over the income you receive from Social Security. There are a few levers you can pull, but one of the most influential is the timing of your first Social Security application. The … Read more

Not a fan of work? Joining the FIRE Movement may be for you

(Stefon Walters) The FIRE movement – which stands for “Financial Independence, Retire Early” – encourages people to intentionally take the financial measures necessary to achieve financial independence at an early age. While most FIRE enthusiasts aim to do so by the age of 40, many do so between the ages of 30 and 50. There … Read more