Individual retirement accounts

50% of women say they are behind on their retirement savings.  Here's why they face challenges

50% of women say they are behind on their retirement savings. Here’s why they face challenges

Tim Robbert | Digital vision | Getty Images Finding enough money for retirement is a challenge for all workers. Women are 50% more likely to say they are late, compared to 35% of men, according to a new report from Goldman Sachs. In addition, 24% said they were “very late”, compared to 14% of men. …

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"It's a crisis."  Why more workers need access to retirement savings

“It’s a crisis.” Why more workers need access to retirement savings

Secretary of Labor Marty Walsh speaks during a press conference at the White House in Washington, April 2, 2021. Erin Scott | Reuters Most American workers dream of a comfortable retirement. Yet many find that their money falls short of this goal when they reach their golden years. Much of the problem is related to …

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How to avoid mistakes with required minimum distributions from your retirement accounts

How to avoid mistakes with required minimum distributions from your retirement accounts

Kemal Yildirim | E+ | Getty Images You have about a month to make sure you get it right when it comes to mandatory retirement account withdrawals. Required Minimum Distributions, or RMDs as they are known, are annual amounts that must be withdrawn from the year you reach age 72 – from age 70.5 before …

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Not having an emergency fund can lead to one of the biggest financial mistakes, says Suze Orman.  How Congress can help

Not having an emergency fund can lead to one of the biggest financial mistakes, says Suze Orman. How Congress can help

Suze Orman speaks during AOL’s BUILD Speaker Series at AOL Studios in New York City. jenny anderson | WireImage | Getty Images If your car breaks down or you have an unexpected medical bill, it can be difficult to find the money to cover expenses. In a pinch, it can be tempting to withdraw money …

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How Congress can make it easier to set aside money for emergency spending

How Congress can make it easier to set aside money for emergency spending

Thomas Barwick | Digital vision | Getty Images Many families struggle to come up with money when faced with an unexpected $400 expense. This lack of emergency savings may force them to borrow money at high interest rates to pay for the surprise expense, putting their financial security at risk. Congress now has a window …

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How to keep your retirement on track in an unpredictable market

How to keep your retirement on track in an unpredictable market

Retirees and investors approaching retirement are under pressure this year. Inflation soared to multi-decade highs, stocks fell and bonds – a safe haven in normal times – crashed. The traditional portfolio of 60% stocks and 40% bonds had one of its worst years in a century. No wonder retirement investors are so gloomy. Americans say …

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For retirement system changes proposed to Congress via 'Secure 2.0', December is do-or-die time

For retirement system changes proposed to Congress via ‘Secure 2.0’, December is do-or-die time

Samuel Corum | Getty Images News | Getty Images For supporters of Congressional proposals aimed at improving the American retirement system, these few weeks promise to be difficult. Lawmakers return to Washington next week to complete the so-called lame session – the legislative period between the midterm elections and the new Congress, which begins Jan. …

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