Tag Archives: Retirement Savings

How to Save for Retirement Without a 401(k)

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A 401(k) plan makes it convenient to save for retirement. The money is automatically withheld from your paychecks before you ever get a chance to spend it. You immediately get a tax break on your traditional 401(k) contributions, and sometimes your employer contributes money to the account as well. Some workers are even automatically enrolled in the plan without having to fill out any paperwork or make saving and investment decisions.

Saving for retirement without a 401(k) plan takes a little more effort. But if you are willing to take some initiative, you can still enjoy many of the tax breaks and investment gains that workers with 401(k) plans enjoy. Here’s how to save for retirement when you don’t have a 401(k) plan.

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Here’s How Greece Could Affect Your Retirement Savings

Reaction As Greece Imposes Capital Control

Your 401(k) or IRA will probably be fine

Greek leaders are scrambling to nail down a new bailout dealbefore July 20, when the country would otherwise default on a €3.5 billion bond repayment to European creditors and might be forced to abandon the Euro currency altogether.

As recent stock performance in the U.S. suggests, fears of what a so-called “Grexit” could do to Europe’s economy has spread to American shores. Indeed, U.S. markets may very well be choppy for at least the next several weeks until there’s more certainty about the future.

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