Retirement

IRA calculator versus 401(k) calculator

IRA calculator versus 401(k) calculator

Individual retirement accounts (IRAs) and 401(k)s are both popular retirement savings vehicles that can help you secure a comfortable retirement. Before you decide which account to open (or both), you need to know how much money you need to invest to reach your...
How to use a 401(k) calculator

How to use a 401(k) calculator

The 401(k) plan is one of the best savings vehicles you can use to help you retire comfortably. But before you start investing in a 401(k) plan, you need to figure out a few things: How much you need to save for retirementHow long you need to save forHow much of your...
Retirement calculators for retirement planning

Retirement calculators for retirement planning

Think of retirement as a purchase. When you retire, you’re buying a new lifestyle after you stop working. It’s the most expensive purchase you’ll ever make. In fact, most people have to save up for it through the entirety of their working lives. The average total cost...
How do IRAs work? A guide to IRA plans

How do IRAs work? A guide to IRA plans

Short for individual retirement account, an IRA allows you to save for retirement while taking advantage of tax benefits designed to encourage retirement savings. Banks, brokers and other financial institutions offer IRAs, allowing account owners the option of...
Pension plans vs. 401(k)s: Which is better?

Pension plans vs. 401(k)s: Which is better?

Both pension plans and 401(k) plans are employer-sponsored retirement plans, but there the similarities end. The two plans have different risk levels, investment opportunities, and employee/employer contribution levels.  What is a pension plan? A pension plan is...
How does your pension plan affect retirement?

How does your pension plan affect retirement?

What is a pension? It’s a question few workers would have asked a generation ago, when pensions were the most common type of retirement plan. Today, pensions have largely been replaced by the 401(k). Only 22 percent of Americans have pension plans, with the majority...