Being your own boss comes with a variety of perks. But it also forces you to handle work typically taken care of by a human resource or finance department. For example, you have to find your own health care plan and deduct taxes from your paycheck. And, when it comes to saving for retirement, it’s your responsibility to start a savings fund.
Is a 401(k) the Right Way to Save for Retirement?
The 401(k) retirement plan, first popularized in the 1980s, is an excellent way to put aside money for retirement. Like other retirement plans — traditional IRA or Roth IRA — a 401(k) invests your money in a customized mix of individual stocks, money-market funds and bonds to maximize your return. But, when it comes to […]
Retirement plan contributions: do I still have time to save?
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Did your plan to put money into a retirement account for 2016 fall flat? Don’t worry – you still have time! While automatic contributions deducted straight from your paycheck throughout the year is the easiest way to build your retirement account, there are other ways to save.
