Check your tax withholding at the start of each year, even if your circumstances seemingly stayed the same. Tax laws change.
In a letter to House Democrats, OPM Director Scott Kupor touted the benefits of a new online platform in streamlining the ...
Retired Master Sergeant Craig Shannon spent 25 years in the Air Force. That’s also where he met his wife, Alma, a retired tech sergeant. Stream NBC 5 for free, 24/7, wherever you are. “One of the ...
The idea of retiring with a $1 million nest egg has been sold as the finish line for decades—but for most retirees, that number is out of reach. Data from the Federal Reserve's Survey of Consumer ...
The amount you can squirrel away for your golden years will inch up modestly. The contribution limit on individual retirement accounts (IRAs) increases to $7,500, and the catch‑up contribution limit ...
Retirement income today is rarely generated from a single source. It is typically built from a combination of the state pension, workplace or personal pensions, and other assets, each playing a ...
The greatest financial danger in retirement isn’t always the stock market—it’s the constant, nagging fear of running out of money. This anxiety causes many people to needlessly underspend and worry, ...
During his 40-year career, Scott Scovel saved $3 million for his retirement. But when he retired, he was so fixated on saving that he struggled to start spending. Spending tactics, like a $50,000 "war ...
The U.S. Department of Justice (DOJ) dropped its defense of a Biden-era regulation that would have imposed a fiduciary duty on financial advisers when they provide retirement investment advice. The ...
Trump said he’s looking into an Australian-style retirement program for America. Here’s how it works
The Trump administration is looking Down Under for inspiration on how to improve the United States’ retirement savings system. President Donald Trump on Tuesday said at the White House that his ...
Even if you have already chosen an account for retirement savings, that doesn’t necessarily mean you can’t change your mind about it later. In fact, this is not at all uncommon — and many people see ...
The latest data from the Federal Reserve shows what retirees hold—and what’s shaping their net worth today. Sabrina Karl has over two decades of experience writing about savings, CDs, and other ...
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