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5 ways to reset your retirement savings and save more in 2022
The new year offers opportunities for many Americans in their careers and financial lives. The “Great Reshuffle” is expected to continue as employees leave jobs and take new ones at a rapid clip. At the same time, many workers have made a vow to save more this year,...
Now’s the time to boost 401(k) contributions for 2022
KEY POINTS You can funnel $20,500 into your 401(k) plan for 2022, up from $19,500 from 2021. Boosting your contribution rate now offers more time for growth, and may make it easier to meet yearly goals. But you need to know how your company’s 401(k) match works before...
Pre-tax vs. Roth 401(k): There’s more to consider than you think
KEY POINTS The start of the year is the perfect time to review your retirement savings, including pre-tax versus Roth 401(k) contributions. Pre-tax savings offers a write-off and tax-deferred growth, while Roth deposits may grow levy-free. However, there’s more to...
7 Ways To Create Tax-Free Assets And Income
GETTY Tax increases probably are coming. Even if Congress doesn’t agree on substantial increases this year, they’re likely to come. The 2017 tax law is scheduled to expire after 2025. The pre-2018 tax law will be re-instated automatically unless Congress agrees to...
IRS to open 2021 tax-filing season on Jan. 24
KEY POINTS You can officially start filing individual income tax returns for 2021 on Jan. 24, according to the IRS. For most filers, the tax deadline is April 18, which is when you must send your return and pay federal levies from 2021. Bloomberg | Bloomberg | Getty...
To make your financial New Year’s resolutions stick,
here’s what you need to do MilosStankovic | E+ | Getty Images People have the best of intentions. At the start of a new year, millions make resolutions — goals they want to reach throughout the upcoming months. Getting a handle on money issues is usually near the top...
Oil rally to continue in 2022 as demand outstrips supply, analysts say
Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Summary Oil prices rose 50% in 2021 JPM expects oil prices to "overshoot" to $125 this year...
More Americans see inflation as the biggest risk to their retirement plans
KEY POINTS About 25% of Americans say rising prices are the greatest retirement threat, up from 8% last year. That tops other worries, like outliving their money, increased health-care costs or job security. Still, many people aren’t including financial planning in...
Rent is going up again. Here’s why.
KEY POINTS Economists say rent will be among the fastest growing portions of household expenses in coming years. Most of the new housing under construction is for the high-income portion of the market. Market indicators suggest that rent hikes are coming in 2022....