Preparing for retirement at any age is not only challenging, it’s downright scary especially in an unpredictable economy, with near-historically low interest rates and looming recession. When preparing for retirement, the best approach is to first create your vision, priorities and goals and then assess how much you will really need. Avoid getting caught up in the misinformation. Keep in mind these common myths, and plan your retirement with a big dose of reality.
401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000
WASHINGTON — The Internal Revenue Service announced today that the