Personal Finance

The federal government encourages Americans through tax incentives to invest for their retirement. One of the most popular methods is putting money away in a 401(k) plan through your employer. These have the benefit of the company matching a portion of the funds you put into your retirement nest egg.Workers are given a choice of investment plans…

International Personal Finance (LON:IPF – Get Rating)‘s stock had its “buy” rating restated by stock analysts at Shore Capital in a research note issued to investors on Thursday, Marketbeat.com reports. International Personal Finance Trading Up 0.8 % LON IPF opened at GBX 106.60 ($1.31) on Thursday. The company has a…

The contribution limits for some of the most popular retirement plans are increasing, the Internal Revenue Service announced this week.The amount individuals can contribute to their 401(k) plan in 2024 will rise to $23,000, up from $22,500 in 2023, according to a statement from the IRS. The increase covers those who participate in 403 (b) and…

Comment on this storyCommentAdd to your saved storiesSaveIt’s been a tale of two types of retirement savers this year.Many of those saving for retirement have been waiting patiently for their portfolios to climb back up from losses that started in 2022. Although their 401(k) balances haven’t fully recovered, returns are up by double digits from…

(Maurie Backman) Underestimating senior living costs is a common mistake people make in the course of retirement planning. It's easy to assume that once you stop working, you'll start spending a lot less, especially since you'll have an open schedule that doesn't revolve around a job.But many seniors learn…

“Armed to the teeth.” This is the phrase that came to mind as I was watching Josh Smith walk us through the demo of VRGL last week. I thought to myself it would be impossible for a mediocre financial advisor to hold onto a client relationship if something like this were in use by a rival advisor. The ability to show a prospective client this…

It can't be overstated just how pivotal dividends can be to an investors' total returns -- especially when reinvested. From 1960 through 2021, reinvested dividends accounted for 84% of the total return of the S&P 500, according to Hartford Funds.In other words, dividends can be powerful. If you're looking to invest in…

Dear Liz: I was given a condominium, which I’m renting out while I live overseas, traveling from country to country. I understand that when I sell the condo, I can exclude up to $250,000 of home sale profits if the property is my “primary residence” for at least two of the last five years. But how is primary residence established? I have heard…