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Catch-up contributions have long been a way for taxpayers to put more dollars into their retirement accounts as they get older. But the Setting Every Community Up for Retirement...
Traditionally, many Americans have viewed 65 as a target retirement age. However, there's usually no legal requirement that you retire when you turn 65. Most Americans are free...
Tax-deferred retirement plans, such as traditional 401(k)s and IRAs, were designed to make building up a retirement nest egg easier. So they're structured with both carrots...
You've been planning and saving for decades, and now retirement is looming on the horizon. As the time to implement your retirement plan approaches, there are a variety of things...
Starting in 2024, employers can offer their nonhighly compensated employees the option to participate in emergency savings accounts that are linked to their company defined...
The Roth IRA, a retirement plan option for more than 25 years, was joined in 2006 by the employer-sponsored Roth 401(k) plan, also known as a "designated Roth account." Both...
The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) includes important changes that will affect employer-sponsored retirement plans and self-employed...
After months of negotiations, Congress finally passed the long-awaited Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0). This part of the omnibus...
For 2022, the amount you can sock away into your 401(k), 403(b) and most 457 plans will rise another $1,000 to $20,500. If you're at least 50 years of age, you can put away up to...
There’s a common misconception that, when you retire, your tax bills shrink, your tax returns become simpler and tax planning is a thing of the past. That may be true for some,...