You Can Save More Money in Your Retirement Accounts in 2024

Good news for savers: The IRS announced yesterday that next year’s contribution limits for 401(k)s and other tax-advantaged retirement plans are being increased to account for inflation. Since it’s always a good idea to max out your retirement contribu…

Why Putting More in a 401(k) Can Now Increase Your College Financial Aid

The Free Application for Federal Student Aid (FAFSA) determines your eligibility for need-based financial aid for college. In previous years, the FAFSA asked families about the amount they contributed to employer-sponsored retirement accounts like 401(…

Don’t Make These Mistakes With Your Roth IRA

The Roth IRA is a powerful retirement savings tool. For young people especially, it’s the best way to take full advantage of compound interest while minimizing your tax exposure. The money you contribute grows tax-free, and most people can withdraw fun…