If you’re not familiar with the federal tax code, 401(k), 403(b), and 457 might sound like the secret numbers you need to find to defeat an escape room. BUT, they are actually the portions of tax code that describe some of the most valuable tools for retirement.
You’ve paid down your debt, invested for growth, and kept your eye on the finish line: the day you retire. Now your goal is to manage your finances so you can enjoy your retirement. Here’s how!
You’re not retiring yet, but you can see it on the horizon. You’ve been putting money away for a while and are starting to dream about all the things you’ll do when you’re no longer working. These five factors will help you answer your most pressing retirement questions.
Retirement can feel insurmountable to many of us, who are bewildered by the task of creating a balanced plan. How do we simultaneously save for retirement, a new home and our children’s college tuition, especially if we also have to pay down debt?
Ideally, we should start investing as soon as our first paycheck, to leverage the power of compound interest.
Let’s be honest, setting long-term financial goals can be hard. Why? It’s hard to have a clear vision of some far off event and, as a result, without a clear goal we don’t know where or how best to start