Latest Retirement planning News

White House taps populist message as Biden pushes $3.5T plan

Sep. 07, 2021 18:33 PM EDT

WASHINGTON (AP) — The White House is preparing an urgent and populist message for selling President Joe Biden's $3.5 trillion “build back better” agenda, even as House committee leaders begin churning out pieces of the forthcoming measure. In a memo being sent...

Kimberly Palmer: Check finances now to avoid falling behind

Sep. 06, 2021 07:02 AM EDT

Fall is the perfect time to review your finances because there’s still time to make adjustments before the end of the year. The continuing pandemic and economic uncertainty are making it more complicated, but financial experts recommend taking a close look at your savings and planning for...

Wall Street's gains, more savings lift 401(k) balances

Aug. 20, 2021 17:03 PM EDT

LOS ANGELES (AP) — Solid stock market gains through much of the pandemic and workers putting more of their pay toward their golden years are paying off for many retirement savers. The average 401(k) plan balance grew 24% to a record $129,300 in the second quarter from a...

Liz Weston: 4 cash-raising pitfalls (and better options)

Aug. 02, 2021 07:10 AM EDT

If you’ve got more bills than money, the usual advice is to trim expenses and find additional income. But some ways of raising cash can be a lot more expensive than others. Here are four that should be avoided, if possible, and what to consider instead. BEWARE RAIDING A...

$15 wage becoming a norm as employers struggle to fill jobs

Jul. 27, 2021 13:52 PM EDT

WASHINGTON (AP) — The signs and banners are dotted along suburban commercial strips and hanging in shop windows and restaurants, evidence of a new desperation among America's service-industry employers: “Now Hiring, $15 an hour.” It is hardly the official federal...

Married Indiana officers who accessed man's assets suspended

Jul. 20, 2021 13:21 PM EDT

ELKHART, Ind. (AP) — A northern Indiana police officer has been demoted and suspended without pay after an investigation found that he and his wife, also an officer, gained access to the financial assets of a man his wife first met through official police business. ...

You too can reap the tax advantages of a Roth IRA

Jun. 29, 2021 13:09 PM EDT

The trove of IRS records recently uncovered by ProPublica has confirmed what many have always suspected: Billionaires often enjoy a substantially lower tax rate than the average American. They do that by claiming losses and deductions that reduce their taxable income and...

Liz Weston: Financial vital signs to monitor right now

Jun. 28, 2021 07:24 AM EDT

A midyear financial review is often a good idea. This year, it’s almost essential. With people going back to offices, travel resuming and Congress making significant changes to various laws affecting your finances, consider taking some time to check in on your money....