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5 Different Types of Retirement Plans You Need to Know About

Success

You’re probably familiar with terms like 401(k) or Roth IRA, which are types of retirement plans. You might be less sure about the particular characteristics of these accounts or how they follow specific rules laid out by the Internal Revenue Service (IRS) to protect your retirement funds. Employers can match contributions.

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7 Tips to Help You Plan for Retirement

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Retirement planning is usually the most significant financial goal people will work toward. No matter where you are in your career, considering how to plan for retirement is essential so you can spend your golden years on your terms. Determine how much income you’ll need to plan for retirement.

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U.S. Workforce Clashes with Persistent Ageism

Allwork

Data shows how older generations of Americans are pushing back their retirement, some are even returning to the workforce. It’s reported that, even when older job seekers were offered a salary, 22.1% felt they were offered salaries below their worth. These age groups differ greatly in work and lifestyle preferences.

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The Overlooked Money Moves That Help Entrepreneurs Build Long-Term Wealth

Entrepreneur.com

You should pay yourself a regular salary or draw, regardless of how modest it is. Save for retirement even without a 401(k) Since most entrepreneurs lack access to employer-sponsored retirement plans, they neglect retirement planning. Do you want to reach financial freedom, retire early, or plan your legacy?

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Tori Dunlap, Founder of Her First 100K is on a Mission to Close the Gender Pay Gap

Success

By understanding the ins and outs of our own finances, we can better equip ourselves with the tools and strategies needed to reach our money goals. One of my favorite tools is the “Money Date.” In today’s society, if you are not actively investing in the stock market, chances are you will not be able to retire.

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4 Ways To Financially Support Your Employees (Other Than Raises)

Allwork

Fortunately, there are plenty of ways to support financial wellness within the workforce by providing tools to teach how to save money, plan for unexpected expenses, and reduce personal debt — without relying on increased wages. How can you save money when you’re living paycheck to paycheck? Unfortunately, this just isn’t the case.

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How Do You Survive When Your Business Isn’t Profitable at the Start?

Success

The good news is that you can make a salary even if your business isn’t profitable. The bad news is that if you don’t have a profitable business to start, you might feel guilty or reckless drawing anything except the smallest salary you can live on. Either way, business owners don’t often make big bucks, and at least not at first.

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