More Than Half of Americans Are in the Dark About This Important Retirement Factor
We’ve all heard that it’s a bad idea to put all your eggs in one basket, and the saying holds true for nest eggs as well. However, not everyone understands how the concept works when it comes to retirement saving, and that can be a costly mistake. More than half (55%) of Americans don’t know […]
These 3 common tax myths could actually hurt you
With tax season officially open as of Jan. 27, taxpayers may feel a familiar sense of anxiety. In fact, about 1 in 3 taxpayers told Credit Karma Tax in a recent survey they typically get anxious about prepping their taxes. Tax anxieties are higher among younger Americans, with the survey finding that more than 40% […]
You may not have as much in your 401(k) for retirement as you think
A $100,000 or even $200,000 balance in a 401(k) plan might seem like a lofty amount of money — and it is — but it may not mean as much in your retirement as you think. As part of the new Secure Act, plan sponsors will have to show Americans how their account balances translate […]
1 Simple Thing That Can Almost Guarantee Success in Retirement
Saving for retirement is likely one of the greatest financial challenges you’ll ever face. It takes decades to successfully prepare for retirement, and you’ll likely need to save hundreds of thousands of dollars (if not more than $1 million) to enjoy your senior years comfortably. While there’s no one-size-fits-all approach to preparing for the future, […]