Miniseries | E+ | Getty Images Leverage the 401(k) ‘super catch-up’ For 2025, investors can save more with higher 401(k) plan limits. Employees can defer $23,500 into 401(k) plans, up from $23,000 in 2024. The catch-up contribution limit is $7,500 for workers ages 50 and older. But thanks to Secure 2.0, there’s a “super catch-up” […]
Hill Street Studios | Getty Images Keith Harris, a 17-year-old high school senior at KIPP DC College Preparatoryhas studied accounting, investing and budgeting, among other basic lessons, like his English, history and math curriculum. Harris is enrolled in his high school’s NAF Academy of Businessa rigorous three-year finance program with a work-based learning component. Because […]
Home Alone (1990) 20th Century Fox The classic Christmas movie “Home Alone” tells the improbable tale of a family who leaves their 8-year-old son home when they embark on a vacation. Yet in the years since the 1990 film was released, viewers have focused on another question — how wealthy was the fictitious McCallister family […]
Building wealth in your 30s is about shifting focus from saving to growing your assets. getty Knowing how to budget in your 30s is no longer just about controlling spending. By this age, you’ve likely established some financial habits, but now it’s time to refine your strategy, increase your wealth and plan for major life […]
Images By Tang Ming Tung | Digitalvision | Getty Images As some Americans struggle to save for retirement, key 401(k) plan changes could soon make preparing easier for certain workers, experts say. Enacted by Congress in 2022, “Secure 2.0” ushered in sweeping changes to the U.S. retirement system, including several updates to 401(k) plans. Some […]
There are changes coming to your 401(k) in 2025 due to the Secure Act 2.0. (Drew Angerer/Getty … [+] Images) Getty Images Significant updates are coming to 401(k) plans in the near future, thanks to the Secure Act 2.0. With several notable provisions going into effect, 2025 will bring new opportunities for individuals to enhance […]
Jacob Wackerhausen | Istock | Getty Images What to know about the 10-year rule Before the Secure Act of 2019, heirs could “stretch” inherited IRA withdrawals over their lifetime, which helped reduce yearly taxes. But certain accounts inherited since 2020 are subject to the “10-year rule,” meaning IRAs must be empty by the 10th year […]
Republican presidential nominee former President Donald Trump attends a rally at the site of the July assassination attempt against him, in Butler, Pennsylvania, Oct. 5, 2024. Brian Snyder | Reuters More from FA 100: Here’s a look at more coverage of CNBC’s FA 100 list of top financial advisory firms for 2024: It’s unclear which […]
