No one opens and contributes to a workplace savings account like a 401(k) or a 403(b) expecting to need their hard-earned savings before retirement. But if you find you need money, and no other sources are available, your 401(k) could be an option. The key is to keep your eye on the long-term even as you deal with short-term needs, so you can retire when and how you want.
Capital gains taxes apply to more than stocks. And the amount you pay will depend on a variety of factors. Here's how capital gains taxes work and a few methods you can use for reducing them.
The taxation of U.S Savings Bonds is surprisingly complex for an investment that was supposed to be simple.
As the undercurrents driving many successful YTD market themes lose momentum, we're battening down the hatches with a three-percent reduction to our equity overweight, a surgically timed move to more nimbly navigate the choppy waters that have historically characterized the final act of election season.
A health savings account (HSA) has potential financial benefits for now and later. Not only can you save pre-tax dollars in this account to pay for qualified medical expenses, but HSAs can also provide valuable retirement benefits.
If you're not fully contributing to your healthcare flexible savings account, you could be paying $1,000 in extra taxes this year.