Bill ConerlySenior Contributor Small business owners are retiring in greater numbers as the Baby Boom generation ages. We wish them a happy retirement, but small and medium businesses use other small businesses for vital goods and services. Many companies have made succession plans for their owners and top managers, but what about critical non-employees? For…

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To max out your 401(k) in 2020 or 2021, you’d need to contribute $19,500. If you’re 50 or older, you’re allowed to make a $6,500 catch-up contribution, so $25,000 is your maximum. Let’s face it: $19,500 a year is a lot of money, particularly if you’re just starting your career. But if you can contribute…

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Saving for retirement is a great way to lower your taxes and build a sizable nest egg. Use these tax tips to boost your retirement savings. Would you walk away from money? If you’re among the 51 million Americans who participate in a company’s 401(k) plan, you can contribute up to $19,500 in 2020. And…

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Americans used to retire with a monthly pension from their employer. All they had to do was cash the check every month, and a sizable chunk of their retirement income was guaranteed. Nowadays, pensions are most common for government workers. Most people instead finance retirement from some combination of Social Security and tax-advantaged accounts like…

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Retirement plan? What retirement plan? I know. It’s been pretty disheartening of late. Does that mean we’re going to stop planning? Nope. We’re moving ahead with our plan to invest in mutual funds with long-term growth potential. Still, with the pandemic causing so much grief and suffering, it’s hard to focus on financial goals. I…

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