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Boosting your retirement savings as a business owner requires strategic planning and disciplined financial management. Here are seven effective strategies to enhance your retirement...
3. Utilities. Utilities such as electricity, water, heating, and internet services are essential and continuous expenses. Efficient management and budgeting for these recurring costs are necessary ...
You can kick retirement savings into high gear once you turn 50 because the IRS tax code lets you make catch-up contributions. You can add an extra $6,500 to a 401 (k), 403 (b) or 457 plan for the ...
Step up savings: Workers aged 50 and older can make extra "catch-up" contributions to 401(k) and IRA accounts. While the typical worker can contribute $23,000 to a 401(K) and $7,000 to an IRA in ...
Your retirement savings options aren’t limited to an SEP IRA or a Roth IRA. You can also invest in a traditional IRA , which functions similarly to a 401(k) plan in reducing your tax...
Factor this into your retirement savings goals to be sure your own financial security isn’t compromised. Healthcare Costs Healthcare costs are a big concern for retirees, and millennials are no ...