Due to lower tax rates and the recently passed SECURE Act, those nearing retirement should consider a Roth conversion. For those nearing retirement, taking the right planning steps is even more important, given the narrowing time frame to leaving the workforce. This current year brings forth planning opportunities to help you achieve your retirement goals…

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KEY POINTS As colleges face extreme budget shortfalls, some schools are laying off staff, slashing salaries and reducing retirement benefits. But teachers are fighting back. With declining enrollments, reduced giving and state funding cuts, colleges are resorting to last-ditch efforts to stay afloat. Now teachers are the latest victims of extreme cost cutting. The University…

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Getty Images The Story If you listened to your parents, you know money doesn’t grow on trees. But it can grow in the bank. That’s why saving should be at the top of your financial to-do list. That’s why I’m here. Let’s go. Start by looking at your personal stats: how much you make, how…

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The stock market fell dramatically early on in the COVID-19 pandemic as businesses closed in the US and around the world. While my stock values fell, other parts of my portfolio were less affected. Most people set a savings target for their retirement, but it’s just as important to consider the cash flow your portfolio…

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Financial advisers weigh in on the personal finance guru’s latest warning about individual retirement accounts, and how to use them Personal finance celebrity Suze Orman says retirement savers should steer clear of traditional accounts in lieu of Roth accounts, especially during this global pandemic. But like everything else in personal finance, that advice largely depends…

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So you’ve started a new job and the company offers stock options as part of its benefits package. Maybe you have no idea what that means, or you’re not quite sure how to get started. Here are some basics you should know. Most companies offer perks as part of a salary package: vacation days, 401(k)s…

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Is borrowing from my 401(k) considered a loan because of Coronavirus?  Gregory explains the rules and waving of fees for borrowing from a 401(k) or IRA for financial relief due to Covid19. If you would like to submit a question that may be featured on the Wednesday Q&A, use the form below! We’re Here to…

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Consider all of the options when transitioning a work-sponsored retirement plan. Getty Images Every week, millions of Americans are filing for unemployment due to the COVID-19 crisis. Whether you’ve been with a company for six weeks or six years, if you lose your job, there are plenty of options for what to do with your vested…

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Hero Images/Getty Images According to a survey by Fidelity Investments, about 10% of employers have or plan to suspend their company’s 401(k) match. If you’ve lost your employer match, saving in an IRA before your 401(k) could be more beneficial, since IRAs have more investment options and lower fees. After you’ve maxed out your IRA,…

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The deadline to contribute to IRAs and HSAs is Tax Day. mixetto/Getty Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. The federal tax deadline is July…

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