Target-date funds automatically shift from stocks toward bonds as your retirement year approaches. Here is how they work, what they cost, and who they suit.

Key Takeaways Choosing between a Roth IRA and a Traditional IRA is one of the first big decisions you’ll make when you start saving for retirement on your own (an IRA, or Individual Retirement Account, is a retirement savings account you open yourself, outside of an employer plan). Both accounts let your investments grow without…

Key Takeaways If you’ve started a new job in the United States, chances are your employer mentioned a “401(k)” during onboarding. It’s one of the most common ways Americans save for retirement, but the mechanics can be confusing if no one explains them clearly. Here’s what a 401(k) actually is and how it works, step…

Key Takeaways Deciding how much of your paycheck to put into your 401(k) is one of the most impactful financial decisions you’ll make, yet there’s no single “right” answer for everyone. The ideal contribution amount depends on your income, expenses, goals, and how much time you have until retirement. Here’s a practical framework for figuring…

Key Takeaways A Roth IRA is one of the most popular retirement accounts because of its tax-free growth and tax-free withdrawals in retirement. But unlike a Traditional IRA, not everyone is allowed to contribute directly to a Roth IRA — your eligibility depends on how much you earn. Here’s how the income limits work and…

Key Takeaways A common question for people who are serious about retirement saving is whether it’s possible — or worthwhile — to contribute to both a 401(k) through their employer and an IRA on their own. The short answer is yes, you absolutely can have both. Here’s what you need to know about how they…