How much should I contribute to my 401(k)?

Your employer-sponsored 401(k) is a simple, automated, and tax-advantaged way to save for retirement. There is no question you should use a 401(k) if your employer provides one. What you may need help deciding, though, is how much you should contribute to enable a comfortable retirement. Experts recommend saving 10% to 15% of your income […]

How much should I contribute to my 401(k)?

Your employer-sponsored 401(k) is a simple, automated, and tax-advantaged way to save for retirement. There is no question you should use a 401(k) if your employer provides one. What you may need help deciding, though, is how much you should contribute to enable a comfortable retirement. Experts recommend saving 10% to 15% of your income […]

What happens after I pay off my loan?

There are only a few more payments left on your loan, and you’re ready to celebrate. But before you close out the account, you need to know what comes next. Paying off a personal loan isn’t simply about clicking “submit payment” one last time. It affects your credit profile, your monthly budget, and even your […]

Social Security benefits could increase by $200 a month — here’s who would qualify

Democratic Senators are pushing legislation that could hike monthly Social Security payments by $200, arguing senior citizens are struggling to keep up with sky-high costs. The recently introduced “Social Security Emergency Inflation Relief Act” would include the additional money until July 2026. Recipients of Social Security, Supplemental Security Income, veteran disability compensation, veteran pensions and […]