Tag: 401ks
When Trump accounts were introduced this July, I wondered: Should I take advantage of it? This somewhat convoluted vehicle is really a long-term retirement savings account for minor children. How should it stack up against my other savings priorities? Financial planning starts with goals such as paying off debt and saving for retirement, college, a…
Employer-sponsored retirement plans – such as 401(k)s – offer a convenient way for workers to save through contributions deducted from their paycheck. Yet, many private sector workers lack access to an employer plan. In recent years, a number of states have aimed to give such workers a payroll-based savings option by requiring employers to either…
