The growing number of self-employed freelancers and entrepreneurs in the U.S. face unique retirement challenges. Here are six retirement challenges that self-employed Americans face, along with tips for mitigating them and getting back on track for retirement as a freelancer or small-business owner.
Too many high earners confuse income with wealth. But the trappings of wealth are not the same as wealth itself. These 15 common mistakes made by six-figure earners prevent them from accumulating permanent wealth.
The almighty dollar can cause us more stress than work, family, and even our health, often because we spend too much and save too little — or nothing at all. Learn why you should maintain three types of savings — emergency, retirement, and personal savings — and how much you should save for each.
Contrary to some beliefs, you don’t need to be rich to benefit from investing. You can start investing small amounts of money and begin building a nest egg that your future self will thank you for. Learn how to start investing with little money using one of these beginner-friendly investment ideas.
When it comes to a retirement nest egg, $1 million isn’t what it used to be. So how far does a million dollars really take you in retirement — and what can you do to stretch your savings or retire with less? Read on to find out how far your money can go and how to set up a longer retirement.
Laddering your life insurance — carrying multiple policies with the same death benefit as a single longer-term policy — can save you money without sacrificing your beneficiaries’ security. But how does life insurance laddering work, and is it right for you?
It’s hard to get ahead when thousands of dollars in debt is diverting your money and attention from investing and building wealth. That leaves many borrowers wondering if they should raid their retirement accounts. But that can come with a lot of downsides — and there are better alternatives.
Military pay can’t make you rich, but it does provide excellent saving and investing opportunities, including some unavailable to civilians. By understanding how to take advantage of them, you can secure your future and potentially even retire young.
If your job doesn’t provide employee benefits like health insurance, retirement plans, vacation time, or sick leave, you have to provide these perks on your own. It takes some planning and creativity, but it can be done. Here’s how.
Financial professionals have been sounding the alarm for a while, warning that a retirement crisis is coming. You can take steps to prepare and avoid common planning pitfalls to ensure a financially secure retirement. Learn the most common retirement planning and savings mistakes you need to avoid.
Small companies tend not to offer 401(k) plans, given the administrative costs and headaches associated with them. Fortunately, there’s a type of employer retirement account specifically for small businesses: the Savings Incentive Match Plan for Employees (SIMPLE IRA). Learn more about it here.
The Setting Every Community Up for Retirement Enhancement Act (SECURE Act) changed some of the rules about when people who inherit an IRA can withdraw the funds. As you plan your retirement, make sure you understand the new rules and adjust your estate planning accordingly.
