If you have been planning for your retirement, you may have come across several types of savings and investment accounts. The two most popularly used include the 401(k) and the Individual Retirement Account (IRA). For decades, retirees have relied on these to save for...
One of the most convenient and popular ways to save money for retirement is to have a 401(k) plan. This basic retirement plan allows you to contribute pre-tax dollars to a retirement account and invest in various securities to generate wealth and build a substantial...
Life is full of milestones – graduating from high school, passing out from college, getting a job, finding your partner, having children, retiring and growing old, and everything that happens in between. All of these stages can bring significant changes to your life....
Dollar-cost averaging has always been a sound investment strategy. It consists of making systematic monthly contributions to a retirement account whereby a fixed dollar amount would purchase more shares when stock prices declined and fewer shares when they rose....
As with many questions about personal finances, the answer is “it depends.” Initially, several factors should weigh on the decision. Your age Whether you plan on working in retirement Whether you need the income sooner rather than later How long do you expect to live...
