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A labor shortage stands in the way of the clean energy transition
The Inflation Reduction Act funds a huge green infrastructure buildout. But projects will need to attract and train more electricians.
Oregon retirement savings program offers national roadmap
Economists found the automatic IRA program OregonSaves meaningfully increased retirement savings.
5 things you need to know about 401(k)s
The award-winning author of "Money Girl’s Smart Moves to Grow Rich," tells us what we need to know about the popular retirement savings account.
Individual retirement accounts aren’t attracting enough of the right individuals
IRAs were created to give people without employer-sponsored retirement plans a tax-free incentive to save.
States debut retirement funds as savings crisis looms
Connecticut and Maryland are the latest to pass bills creating their own investment tools
How to manage retirement plans as they pile up
In 21st century America, jobs for life are rare. For those lucky enough to have jobs with retirement plans, with the many jobs comes many retirement plans, which all send quarterly statements that need tracking.
Should the government limit tax-free retirement savings?
Allan Sloan, senior editor at large at Fortune magazine, explains why he thinks Obama's proposal to limit tax-free retirement savings is a bad idea.
You can't share an IRA
Can my wife and I share one Roth IRA and contribute as much as $10,000 a year to it, or must we each have separate IRAs with the normal $5,000-a-year contribution cap? Jake, Madison, WI
Yes, take advantage of a rollover IRA
My wife and I have taught in Alabama public schools for the past 2 years and have made (forced) contributions to the state retirement system in that time frame. Together, we've got around $8,000 invested in the state retirement system. Realizing the limited income prospects for career teachers, we both applied and were accepted to a top 25 law school on full-tuition scholarship. My question to you is this: For my retirement account, I have the option of either a) taking a lump-sum payment of the $8,000, minus 20 percent in federal income tax, or b) rolling it over into a 401(k), IRA, or similar long-term savings plan. Should I take the money and run, or should I start building a retirement nest egg while I'm financing the rest of my life with borrowed money? Alex, Montgomery, AL
Setting up a rollover IRA
My wife will soon lose her job after several years working in non-profit. I am confident in her ability to find another job, but in the meantime, we have been told that she will have to take money out of her 403(b), totaling about $45,000. What should we do with it? Roth IRA? Something I don't know about? James, Louisville, KY