Saving for retirement can feel overwhelming, but it’s all about taking steps forward—no matter where you’re starting. Whether you’re building your first 401(k) balance or have been contributing for years, understanding average savings can offer perspective and motivation. Let’s explore typical 401(k) balances, why they vary, and how you can Read more…
When it comes to saving for retirement, it can feel like navigating a maze of financial jargon. You might have heard terms like tax-deferred and tax-exempt, but what do they really mean? More importantly, how do they affect your hard-earned money? Don’t worry, I’ve got you covered. Let’s break down Read more…
Great news for anyone looking to start—or boost—their retirement savings: 2025 is shaping up to be a year where you can stash even more for the future. The IRS has upped the contribution limits for 401(k) and IRA accounts, giving people more breathing room to grow their nest eggs. Limits Read more…
When starting your financial journey, choosing the right bank accounts can feel overwhelming. I remember thinking just a checking and savings account would cover all my needs—until I discovered the wide range of options available. Each type of account serves a unique purpose, from handling everyday expenses to planning for Read more…
Starting a new job is exciting—a new paycheck, new people, and new opportunities. But in the whirlwind of change, it’s easy to forget something crucial: our retirement savings. According to a Vanguard study, many job switchers lower their retirement savings, often without even realizing it. Over time, this oversight can Read more…