Whether you've been together for years or decades (or 10 minutes), 2015 taxes will be the first time many LGBT couples will be filing jointly on their federal and state returns because -- cue the trumpets -- we're married now.
With the future of Social Security uncertain and traditional pension plans fast disappearing, many millennials understand that the responsibility of saving for a comfortable retirement falls squarely on their shoulders. But this generation of workers under age 35 faces several distinct challenges when it comes to saving more.
Is it just me, or does anyone else feel like we bypassed Halloween and Thanksgiving and went straight to Christmas? I kid you not, winter holiday decorations began emerging in malls, towns and stores in September.
We need real solutions to America's growing retirement crisis, and unfortunately 401(k)s are only making it worse. Our decades-long experiment with insecure retirement plans has failed.
The final weeks of the year are a last-minute chance to clean up bookkeeping before tax time, make final spending decisions and seek financial advice for 2016. Here are a few tasks you might want to schedule.
By Alaina Tweddale, Contributor The average worker can expect about a 3 percent pay raise in 2015, according to a 2014/2015 compensation planni...
The old saying "you can't take it with you" is definitely true when it comes to Uncle Sam and your tax-deferred retirement accounts. Here's what you should know about required retirement account distributions along with some tips to help you avoid extra taxes and penalties.
Have you ever taken a moment to envision what your dream retirement would look like? (If not, I highly encourage you to take the next 60 seconds to ...
The value of a $1 million nest egg is substantially different depending on whether you're living in Kansas City or San Francisco, retiring at 62 or 70, or planning on a life expectancy of 75 or 90.
If you are fortunate enough to have an employer-matching 401(k) program at your workplace, you should take advantage of it to the full extent possible. Whether it is a dollar-for-dollar match or a lesser percentage, this is free money from your perspective - and tax-deferred free money on top of that.
There is a common misconception that traditional pensions, particularly in the public sector, are overly generous. The truth is most defined benefit plans provide retirees with a modest monthly benefit.
Retirement is far off. But you can set yourself up for success decades from now by getting on the right path today. These five steps are the beginning of that path -- with your own bright future funded by, not constrained by, your past.
When the stock market goes crazy, people go nuts. The ensuing insecurity has them thinking that stashing their money in a mattress at home is safer than investing it anywhere with anyone. But one should know the differences between risk and volatility to avoid silly and irrational investing mistakes. Let's clear the confusion once and for all.
Grandma and Grandpa have some stern advice for the younger generation: learn from their mistakes. Now that they've reached retirement, they're finding that a lack of funds is their biggest dissatisfaction, and they strongly urge younger Americans to open a 401(k) or IRA as soon as possible and fund it as much as possible.
I've seen a little of everything in terms of no-no's over the years. These are the classics. From borrowing too much, to being too aggressive or way too conservative. There seems to be no shortage of bad 401(k) behavior.
With the improving economy, consumer confidence and spending are going up. But so are lifestyle inflation and its evil sister DEBT. At the same time, the recent stock market turmoil has quickly reminded people that investing isn't always easy.