The Path to $1 million
Only about 1% of the 30 million or so people who contribute to their Fidelity retirement accounts have managed to save at least $1 million. The average 401(k) balance hovers […]
Limits are Rising
To help boost savings resolutions in 2019, consider increasing your contributions to retirement plans, as the IRS has raised the limits. Last Thursday, the department released new contribution limits for […]
The Match Game
One major benefit of saving in a 401(k) over an IRA is getting an opportunity to snag free money in the form of an employer match. It’s estimated that 92% of […]
Is My Contribution Deductible?
With tax time fast approaching, I often encounter confusion about what can and cannot be done with traditional IRAs and defined contribution [DC] plans in different scenarios. So, here are […]
Save A Little Something Extra
There are some advantages to getting older, especially if you are behind in your retirement savings. In the year you turn age 50 (and every year thereafter until retirement), individuals […]