What Does It Take to Have a $1 Million 401(k)?

Let’s say your goal is to save a million dollars by the time you retire. For many people, that sounds like a Herculean task.  What are you picturing right now? If you are imagining squirreling away money for decades and holding it in cash (which has returned 0.4% after inflation* over the past 90 years),

Five (Easy) Steps to Setting Up a 401(k)

Have you been meaning to enroll in your company’s 401(k) but keep putting it off? You’re not alone. Many people need a friendly nudge to get going in the right direction. That’s what economist Richard Thaler theorized, and it seems that many companies and retirement savers agree with him. Thaler received the Nobel Memorial Prize

Tips for Maximizing Your 401(k) Match

Many companies match a portion of their employees’ 401(k) contributions as an incentive for their workers to save for retirement. But sometimes the rules aren’t clear, and the math can be tricky. Here, we tackle a few reader questions. Does my company’s matching contribution to my 401(k) count toward my annual contribution limit? Yes and

12 Tax Deductions and Credits You Shouldn’t Overlook

To better understand how these tax benefits work, it’s important to note that some are deductions and some are credits. Tax deductions reduce taxable income, and their value thus depends on the taxpayer’s marginal tax rate, which rises with income. Factoring in the tax deduction reduces your taxable income, and ultimately reduces the amount of taxes you

How To Earn Money Without Selling Anything

Learn How To Earn Money Without Selling Anything If you’re trying to leave a conventional job then, to some degree or another, most techniques of generating income include offering things. In some cases, you might be selling products, such as through direct sales business like Avon or online ecommerce with sites like Amazon. Alternatively, you

Deutsche Bank management board agrees to Commerzbank merger talks: source By Reuters

© Reuters. FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX in Frankfurt FRANKFURT (Reuters) – The management board of Deutsche Bank (DE:) has agreed to hold talks with rival Commerzbank (DE:) on the feasibility of a merger, a person with knowledge of the matter

Winter ice hits record low in Bering Sea

An area of ice the size of the UK and Ireland disappeared from the Bering Sea in February as scientists warned that the region was entering uncharted territory. Sea ice cover in the Bering Sea, which is between Alaska and Russia, dropped by two-thirds during February, according to the Colorado-based National Snow and Ice Data

China says working with U.S. day and night to get trade deal By Reuters

© Reuters. FILE PHOTO: Chinese Vice Commerce Minister and Deputy China International Trade Representative Wang Shouwen attends a news conference in Beijing BEIJING (Reuters) – China and the United States are still working day and night to achieve a trade deal that matches the interests of both sides and the hopes of the world, Chinese

Tesla moving sales online is a ‘leap of faith,’ says Ex-Ford CEO

Tesla’s decision to move its sales completely online is a “leap of faith” that may not necessarily pay off, former Ford CEO Mark Fields suggested on Friday. While the electric automaker has a “very sustainable brand,” it has to figure out how to churn out cheaper Model 3s while trying to become profitable, he said

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