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Simonkr | E+ | Getty Images For most Americans, reaching retirement with a large enough nest egg requires decades of planning, as well as consistent and adequate saving. Figuring out where to begin — or if you’re on the right track at any age — can be confusing and daunting. How much to save for

Itza Villavicencio Urbieta | Istock | Getty Images There’s a decent chance that Congress will pass a bill this year aimed at improving the U.S. retirement system — it just may look different from what cleared the House last week. Known as “Secure 2.0,” the Securing a Strong Retirement Act (H.R. 2954) was approved March

University of Arizona Wildcats guard Joe McLean plays defense against UCLA Bruins guard Kevin Dempsey during a Pacific-10 Conference game on Jan. 7, 1993. Ken Levine | Getty Images Sport | Getty Images Like many former NCAA college basketball players, Joe McLean had dreams of playing in the NBA. The 6’6″ forward played four years

Westend61 | Westend61 | Getty Images Social media platforms have impacted our lives in countless ways. They influence the clothes we wear, the food we eat, the places we go — and now, the investments we make. Retail investors, particularly younger ones, frequently turn to friends and strangers on social media for investing advice. Though

Getty Images If you’re among the millions of Americans scrambling to meet the tax deadline, it’s critical to avoid errors that may flag your return or even trigger an IRS audit. The agency has processed more than 78.8 million returns as of March 25, the IRS reported Friday, including nearly 58 million refunds. But with

Residents of New York state face the country’s highest tax burden, according to a new WalletHub study. Pictured, New York City’s Brooklyn Bridge. Gary Hershorn | Corbis News | Getty Images As this year’s tax deadline approaches, you may have a wildly different bill depending on where you live, according to a WalletHub report ranking

Prathanchorruangsak | Istock | Getty Images For women who are investing, confidence generally runs high. It’s getting over the initial hump that appears to be the challenge. A full 79% of women investors in the U.S. say they are confident that they’ll achieve their retirement goals using their current investment approach, according to a survey

Monthirayodtiwong | Istock | Getty Images Saving for retirement appears to be taking a backseat to other financial considerations for many Americans right now. Just 17% have made saving for their post-working years their top financial priority for 2022, according to First National Bank of Omaha‘s latest financial wellness survey. This is despite 59% of

Getty Images For most Americans, the surging cost of living is weighing heavily on their wallets. “Wage growth has failed to match the dizzying pace of rising prices, which the Federal Reserve has effectively identified as ‘monetary policy enemy No. 1,'” said Mark Hamrick, senior economic analyst at Bankrate.com. After the Fed raised interest rates for the

Petar Chernaev | E+ | Getty Images Once the clock strikes midnight on Jan. 1, it’s typically too late for someone to do anything meaningful to reduce their tax bill for the previous year. However, tax season does have a way of getting people thinking about what they can do to limit what they fork

Tetra Images If you turned age 72 during the second half of 2021, the deadline for your first annual required withdrawal from retirement accounts is April 1. In many cases, it’s the last chance to avoid a hefty penalty. These required minimum distributions, known as RMDs, apply to both traditional and Roth 401(k) plans, 403(b)

Morsa Images | Digitalvision | Getty Images Health savings accounts eclipsed $100 billion by the end of January, according to Devenir, an HSA investment consultant, as more consumers use the tax-advantaged accounts to save for future health costs. The firm forecasts HSA funds will hit $150 billion by the end of 2024. “The growth is