Posts Tagged With ‘ IRA ’

An Individual Retirement Account (IRA) is a type of retirement savings account that can help seniors and baby boomers save for retirement. IRAs come in several different forms, including traditional, Roth, SEP, SIMPLE, and Self-Directed IRAs. Each type offers different benefits and it is important to understand the differences between each when deciding which IRA […] Originally Published on BoomerBuyerGuides.com Continue Reading

If you have a 401(k) or IRA you can thank the IRS for making some changes primarily based on the effects of inflation on the economy. 401(k) and IRA Plans 401(k) plans help people save money for when they stop working. Your employer might help you save money by giving you extra money to put […] Originally Published on BoomerBuyerGuides.com Continue Reading

Left to their own devices, Americans who lack a retirement savings plan at work do not usually take the initiative to set up an IRA and save on their own. Oregon lawmakers decided to do something about that, and a new study finds that their approach of requiring employers without a plan to automatically enroll their workers in a state-sponsored IRA is reaching the right people. Nationwide, lower-income workers are much less likely to have a retirement plan, and the typical employee enrolled in the program, OregonSaves, earns only $22,600. They also tend to work in high-turnover industries like... Continue Reading