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SEP IRA: What You Need to Know About This Retirement Plan Option

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Finding the right retirement plan for your business can take time and effort. One retirement plan option available to business owners and self-employed individuals is the SEP IRA, or the Simplified Employee Pension plan. It allows you to save for retirement based on your earned income. What is a SEP retirement plan?

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Should I Use a Robo-Advisor to Manage My Investments?

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It often includes automatic rebalancing, tax-loss harvesting, retirement planning and picking investments. When you first sign up, the robo-advisor will ask you to complete a questionnaire to learn your general information and financial needs. Vanguard does require a minimum balance to enroll with its digital advisor.

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What Is a Brokerage Account and Do You Need One?

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They function similarly to a retirement account, like a 401(k) or Roth IRA, but instead of being tax-advantaged, as the retirement accounts are, brokerage accounts are taxed as income under capital gains. . Some are geared more toward robo-investing and offer online support and information. Consider the features and fees.

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4 Smart Money Moves to Plan for Financial Security

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They don’t have a purpose for the money they’re saving, and they often end up splurging on stuff they don’t really need (or want) rather than using it to fund a life goal such as buying a house or saving up for retirement. Start a retirement plan. You’re young, and retirement probably feels light-years away.

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Lawsuits, Lost Expertise And Bad Morale: The Steep Risks Of Ignoring Older Employees

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Age discrimination occurs when a manager or boss treats an applicant or employee less favorably due to their age, which applies to younger people with less experience as well as older people who are close to retirement age. They worry that their company may have no strategy or practice for any sort of planned retirement — because most don’t.

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What Is a Health Savings Account?

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On this week’s episode of the rich & REGULAR podcast, Julien discusses his decision to have a vasectomy, and shares some more information on health savings accounts. If you plan to invest these funds, work with a retirement professional or an HSA custodian who can help you make the most of your investment. What is an HSA?

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Do I Need to Buy Life Insurance?

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Permanent policies Whole life: According to the Insurance Information Institute, whole life is the most common type of permanent life insurance you can buy. Others say to multiply your annual salary by the number of years you have before retirement.

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