Let’s say you’re a public school teacher earning $70,000 annually. Your 401 (a) plan requires you to contribute 5% ($3,500), and your employer contributes another 5% ($3,500). Together, you’re saving ...

It's better to err on the side of doing things that will make good financial sense whatever is announced - here are some ...

A 403(b) plan allows employees of nonprofit organizations, schools and churches to invest for retirement in a tax-advantaged way. Workers can contribute up to $23,000 of their income to a 403(b) plan, ...

Health savings accounts (HSAs) are a tax-advantaged way to save for medical expenses. Employer contributions to a health savings account are often part of this benefits package, which helps employees ...

Understanding 401(k) account characteristics is important to maximize investment contributions and save enough money to fund your lifestyle in retirement. Investing in a 401(k) plan is one of the most ...

Missing out on the benefits of the employer match and compounding growth could force you to work longer and lower your ...

Benefits, requirements, and process of a popular type of 401(k) retirement savings plan for small businesses Christopher A. Farrell is a bestselling author, and former Wall Street trader and market ...

For high earners looking to supercharge their retirement savings, enter the mega backdoor Roth. This financial strategy serves as a tax-shelter for retirement funds, which allows you to add tens of ...

Katharine Paljug is a financial writer and editor with over a decade of industry experience. Her writing has covered nearly every aspect of the financial world, from investing in forex to paying for ...