Most people associate saving for retirement with tax deferred or non-taxable accounts: 401(k)s, 403(b)s, Traditional IRAs, Roth IRAs, etc. The tax benefits of these types of retirement accounts give individuals advantages over simply investing in a regular taxable brokerage account.
Savings for retirement in a standard taxable account can also have its place – and the option shouldn’t be ignored. In this article, we’ll look at a handful of reasons why doing so might just be the best option. Read more
A large number of Americans intend to keep working past retirement age. For many, their reasons are financial. Some have a high level of debt while others are afraid if they retire too soon, they will run out of money.
Working longer offers several financial benefits; workers are able to:
- Accrue a higher Social Security benefit
- Grow a higher pension benefit
- Allow more time to save money and permit investments to grow
- Utilize company-paid insurance benefits
Today’s post is by Scott Russon, Social Media Director at TOP CFOS
Welcome to our blog today! TOP CFOS offers the finest CFO services to companies around the world who want to take their organization to the top. We love to be the catalyst behind your firm’s soaring profits as well as being a part of your team! For your convenience, we provide an RSS feed at the bottom of our website so you can subscribe to our Blog. Today’s post comes from the Finance category entitled, “Why Save Money?”