Prathanchorruangsak | Istock | Getty Images Maxing out your 401(k) isn’t easy, but if you reach the limit with money to spare, there may be a way to save more. In 2022, employees can defer $20,500 plus $6,500 for investors 50 and older. However, after-tax contributions may bypass those caps up to $61,000, including company
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Prasit photo | Moment | Getty Images If you are ready to jump into the market, there are a few things experts want you to know. Investing is a great way to grow wealth, but you have to be smart about it, said certified financial planner Cathy Curtis, founder and CEO of Curtis Financial Planning
Jamie Linton landed a job in marketing before she graduated from University of Tampa in May. Jamie Linton Jamie Linton just graduated into a job market that hasn’t been seen in generations. Despite rumblings about a possible recession down the road, job openings are still near all-time highs. Millions of workers have walked away from
In the face of rising inflation, higher interest rates and slowing economic growth, there’s more competition than ever for consumers’ dollars — and even how their purchases are made. During the pandemic, most shoppers showed a preference for buy now, pay later when it came to payment and still do: Installment buying has exploded in popularity along with a
People rally during a demonstration in support of Covid-19 relief, organized by Shutdown DC, on the National Mall in Washington, D.C., on Feb. 25, 2021. Al Drago | Getty Images When the U.S. began to shut down the wake of the onset of Covid-19, it meant millions of families were suddenly without the income they
Fuel prices at a Shell station in Menlo Park, California, US, on Thursday, June 9, 2022. David Paul Morris | Bloomberg | Getty Images Americans are still grappling with the worst inflation in roughly 40 years, and many are changing their spending habits to keep up. In May, prices were 8.6% higher than they were
Catherine Mcqueen | Moment | Getty Images Inflation is eroding the value of consumers’ savings at the fastest pace in four decades. The Consumer Price Index, which gauges how quickly costs are rising for a basket of goods and services, jumped 8.6% in May from a year earlier, the U.S. Department of Labor said Friday.
Westend61 | Westend61 | Getty Images Many workers are finding themselves in an office less often than before the pandemic, and some haven’t gone back at all. So what to do with all those office clothes hanging in your closet? Here are some ideas. Get cash for your clothes You can sell your work clothing
Kieferpix | iStock | Getty Images For retirees who want to put their charitable dollars to work right away but worry about giving away a large sum all at once, there’s a relatively easy strategy that may be a good fit. It’s called a charitable gift annuity. It’s basically is a contract with a nonprofit
Damircudic | E+ | Getty Images Saving in a 401(k) plan may be tough for workers who switch jobs frequently — a dynamic that’s come into greater focus amid the Great Resignation. In 2021, 14% of people saving in a 401(k) plan left their employer, according to a new report from Vanguard Group, which is