Retirement Savings

Take a closer look at 401 (k) and how it works

If you’ve just started a new job and are looking at the 401 (k) options available, you’re probably wondering how it all works. Your golden years depend on the investment choices you make today. And if you rely on your 401 (k) to play a significant role in your financial …

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This dividend-fueled plan allows you to retire in 7 years

Financial independence Early retirement Write in a separate book on the Office Desk. getty By now I guess you’ve heard of the FIRE movement – you might even know someone who follows this “extreme” form of retirement savings. An acronym for “financial independence, early retirement,” FIRE advocates are looking to …

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Rocket Dollar Secures $ 8 Million Funding For Its Retirement Investment Platform

Rocket Dollar, a self-directed retirement platform, recently closed with $ 8 million in funding. Austin-based fintech company, founded in 2017, allows people to use self-directed retirement accounts to make a wide variety of investments in alternative assets such as real estate, startups, private equity, crypto -currency, etc. Park West Asset …

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Pros and Cons of an HSA Compatible Health Care Plan

As the pandemic highlights how quickly an individual’s health can deteriorate, enrollment in the good health plan has never been so vital. While many employees choose their health care plans based on the plan that takes the least money from their paycheque, these lower cost options have good and bad …

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Financial well-being: take advantage of new opportunities

The COVID-19 pandemic has shed light on financial well-being as an essential benefit at work. How can advisors identify and exploit the opportunities created by the growing interest in financial wellness programs? During a September 14 workshop session at the 2021 NAPA 401 (k) Summit, three industry leaders shared their …

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These funds help you retire early with dividends of up to 9.1%

Bous by now I guess you’ve heard of the FIRE movement – you might even know someone who follows this “extreme” form of retirement savings. An acronym for “Financial Independence, Retire Early,” FIRE advocates are looking to retire earlier than the traditional age of 65 – and I mean much …

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Broke Millennial Author on Financial Mistakes

Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners. Millennials and their financial habits often make the headlines. And while this generation is often ridiculed for …

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Should you invest more aggressively for your retirement?

You’ve contributed to your 401 (k) like clockwork, but you don’t see the balance growing fast enough and you start to wonder if your investing strategy is the problem. Investing more aggressively can accelerate the growth of your retirement savings, but it’s not a strategy for everyone. Here are four …

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Why Your Retirement Might Use ‘Downhill Planning’

By Christian Cyr, CPA When people retire after decades of work, they are often ready to celebrate. Colleagues can even send them with a champagne toast. But maybe these young retirees should temper this celebration a bit. Retirement can be an emotional victory, but it doesn’t have to be a …

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Two new tools to calculate your retirement income

Americans’ willingness to retire has turned from a concern to a crisis. Even Congress, with a relatively weak recent record of bipartisan compromise, has recognized the concern. In late 2018, amid partisan bickering, Congress passed the SECURE Act – legislation to strengthen America’s retirement income system. And it seems that …

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