Those who participate in the gig economy or work a part-time job have historically struggled to save for retirement.The SECURE 2.0 Act, which became law in December 2022, includes retirement ...

Target-date funds make it easy to save. ... For example, over each of the past 11 calendar years since 2013, the 2035 Target Date Retirement fund has outpaced its typical peer.

But here’s how 2 minutes can save you hundreds of dollars right now If you're sitting on $1 million, for example, you can use the popular 4% rule to arrive at an annual income of about $40,000.

Strategic retirement planning is not just about how much you save; it is also about when you choose to retire. Make the timing work for you. Bongani Msimango – Wealth Manager at Alexforbes.

You can save for retirement if you're self-employed using a SEP IRA, SIMPLE IRA, or solo 401(k) plan. Solo 401(k)s are best for self-employed workers with no employees (not including a spouse).

In 2024, catch-up contributions enable you to set aside an additional $6,500 to your 401(k) and $1,000 to your IRA, bringing your total contribution limits to $30,500 and $8,000, respectively.

Financially savvy millennials are maxing out HSAs to supplement retirement savings. HSAs require enrollment in a high-deductible health plan, suitable for healthy individuals. In 2024, individuals ...

The Treasury Secretary Needs Better Data on How You Save for Retirement Scott Bessent said on television that most people kept 401(k) money in a 60% stock fund. It’s not quite that simple.

We explain how much you need to save at every age for a comfortable retirement Credit: Alamy. Nearly nine million people in the UK will retire with an income of between £3,650 and £6,750 a year ...