Dave Ramsey

I’m 35 with just $15,000 in my 401(k) — how do I get my retirement savings on track to actually retire one day?

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I’m 35 with just ,000 in my 401(k) — how do I get my retirement savings on track to actually retire one day?

Saving for retirement is critical, but it’s not something the majority of Americans are doing well. Vanguard just released its annual survey on retirement savings and found that 58% of Americans are not on track to retire comfortably. (1) It’s not just a concern for those nearing retirement. Picture someone like Janet, 35, a millennial … Read more

The ‘widow’s tax penalty’ results in higher taxes on less income after your spouse dies — why you should plan for it now

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The ‘widow’s tax penalty’ results in higher taxes on less income after your spouse dies — why you should plan for it now

Losing a spouse is emotionally devastating — and for many widows and widowers, it can also bring unexpected financial hardship. One key reason is the “widow’s tax penalty,” a little-known tax consequence that can increase your tax burden and reduce income after a spouse’s death. Here’s how this penalty can significantly impact your retirement finances. … Read more

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