Saving money in your 30s and 40s can be quite different than managing your money when you are in your 20s. For example, people should be seriously considering whether or not they will purchase a home and save for a down payment.
Regressive distribution of tax benefits for retirement saving calls for reform, writes Ben Harris. To do so, he staged a simulation of different types of tax reforms for retirement saving so it is equitable for all levels of income.
Retirement planning through a Roth 401(k) can be tempting, but it isn't the best option for everyone. If you contribute just enough to get your employer match, and you can’t set aside any more, you might want to think twice before retirement planning with a Roth 401(k).
401(k) plans can be overwhelming. How much should you contribute? What are the best investment selections? These questions can be crippling, but the sooner you start contributing to your 401(k) plan, the more time your money will have to grow. It is important to just get on with it.
Planning for retirement means thinking about your future finances while you're still working and earning money. NerdWallet offers some tips to make the most of your investment options now so you'll have greater financial resources later.
401(k) plans will be supplemented by President Obama's proposed retirement plan, called 'myRA.' Only about half of US workers have access to a 401(k) or similar retirement savings plan at work.
Saving for retirement requires two strategies and four steps. Yes, saving for retirement is really that easy.