Financial experts often recommend saving up $1 million for retirement. If you start saving in your 20s, contributing 10-15% of your paycheck will likely allow you to meet your retirement savings goal. With every decade you delay, however, you’ll need to save a greater percentage...
When it comes to saving for retirement, the clock is ticking. To illustrate the value of time, let's consider three Roth IRA investors. Kate, Derek, and Jane all decide to open Roth IRAs to supplement their other retirement accounts. Each investor hopes to build this account...
I'm 35 and am the sole proprietor of a small business. I've always been a good saver and have put some money in an IRA every year, but I know it's not enough. What else can I be doing? For a sole proprietor, saving for retirement...