Personal Finance

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Latest Personal Finance News

How Much Should I Have in My 401(k) at Age 45?

Financial planners often recommend aiming for roughly three times your annual salary in retirement savings by the time you reach…

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How Much Should I Have in My 401(k) at Age 55?

By age 55, you’re about a decade away from retirement. Many financial experts suggest having seven to eight times your…

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I’m 67 With $870k in a 401(k), $120k in an IRA and a $2,200 Social Security Check. What’s My Retirement Budget?

Deciding how much to withdraw from your retirement accounts means finding a balance between enjoying life and making your money…

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ESOP vs 401(k): Key Differences and How Each Plan Works

An Employee Stock Ownership Plan (ESOP) gives employees an ownership stake in the company. It does this at no direct…

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I’m 63 With $1 Million in an IRA. Should I Convert $100,000 a Year to a Roth to Avoid RMDs?

If you’re 63 years old with $1 million in a traditional IRA, you may be wondering whether converting $100,000 per…

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Trump Wants 401(k)s to Offer Private Equity and Crypto: What It Means for You

President Donald Trump is paving the way for a significant shift in retirement investing by permitting 401(k) plans to include…

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Can a Couple Retire With $1 Million?

Retiring with $1 million is a common goal for couples, but how long it lasts depends on where they live…

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Do Capital Gains Count as Income? Tax Definition and Examples

Capital gains count as taxable income and can affect your tax bracket, deductions and rates. They are taxed as short-term…

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Do You Have to Pay Taxes on Tips? Trump Tax Changes

Traditionally, all tip income was taxable, and workers had to report any cash tips exceeding $20 per month to their…

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How to Collect a Pension From a Former Employer

Many people leave behind pension benefits when they change jobs, and claiming them later can feel complicated. Fortunately, with the…

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