Are your savings on track?

Lucy Lazarony is an experienced personal finance journalist and writer who got her start in 1998 writing about financial topics. She writes accessible and easy-to-understand articles about credit, ...

For 2024, you can defer up to $23,000 into 401(k) plans, up from $22,500 in 2023, with an extra $7,500 for savers age 50 and older. Some 15% of investors maxed out employee deferrals in 2022, ...

The average 401(k) balance in 2024 was $134,128, according to a Vanguard survey. How quickly you reach this goal depends on how much you can save per month, and what kind of investment return you earn ...

Early retirement isn’t exclusively for the rich. Many people, particularly followers of the FIRE movement – short for Financial Independence, Retire Early – use a couple of key calculations to ...

How to reach millionaire status.

You don't have to take RMDs from Roth accounts. RMDs are based on your age and your account balance at the end of the previous year. The math is easier than you think. With the holiday season just ...

As investors reach the age of retirement after years of diligently investing, many wonder about the rules for retirement account distributions and how much should be withdrawn from these accounts.