Most individuals will change employers several times throughout their working years. It’s possible during those career shifts, workers will unwittingly leave behind retirement benefits accumulated over their tenure with the company. For that reason, it’s important to know how to track down long-forgotten 401(k) accounts. Luckily, there are steps you can take to reclaim the lost retirement account and roll it into your current 401(k) or another retirement account.
Author: Deb
This Millionaire Lost Everything. Here’s How He Plans to Rebuild
Many people think once they become a millionaire, their wealth can only go up from there. Unfortunately, former millionaire Mark Tilbury proves that isn’t always the case because he reportedly lost everything and now has to build from scratch. The great news is he stated anyone could start from zero and become a millionaire.
The Tax Credit Over Half of Americans Miss Out on
When Americans file their taxes each year, there may be a tax credit they could be missing. The Savers Credit used to be known as the Retirement Savings Contributions Credit, and it gives low to middle-income taxpayers a tax break each year, as long as they qualify. Beyond the qualifying factors, the credit is non-refundable, meaning it can only reduce a person’s tax liability but cannot contribute to a refund.
Robo-Advisors: Are They Safe?
Picking the best investments to match your goals can be intimidating because many choices exist. One option that’s becoming popular is to use a robo-advisor to do the investment picking for you, but are they safe?
Robo-advisors use algorithms and software to build a portfolio to fit the investor’s needs and manage it to keep the growth on track.
Are You Financially Healthy?
No matter how much income you have, the best way to maintain a firm financial footing or grow wealth is to assess where you stand today. In fact, financial health is nearly as important as physical and mental help because all other areas of life become more difficult without it. With just a few simple steps, anyone can and should look at their financial picture to maintain or improve their finances.