The myRA is a starter retirement plan that works like a Roth IRA except there are no fees and account holders can only invest in Treasurys. Once account holders save $15,000 in their myRAs, they must roll them over into Roth IRAs. Account holders of myRAs and Roth IRAs do …

The focus on saving over investing may have to do with participants’ own priorities. “If the next step is saving rather than investing you’re thinking short term,” said Kollauf. “People equate the investment component with long-term needs.” Advisors, however, say that clients these days are generally more mindful of debt …

As with any investment projection, assumptions matter. Levine assumed that the typical annuity investor would generate an average annual return of 5 percent after fees and an index universal life policyholder would earn 6 percent a year after fees. The growth rate for U.S. stocks is expected range from 4 …

It’s been well-documented that Americans, on average, haven’t saved nearly enough for retirement. Some, though, are a lot better off than others. And that may have to do with a wide gap in access to a retirement savings plan at work. That disparity was described in detail in an analysis …

In Belize’s Cayo District, you’ll notice that nearly everyone speaks English — it’s the official language in the small, Central American country. Plus, your money will go further because the Belize dollar is pegged to the U.S. dollar at a fixed rate of 2 to 1. The cost of living …

It’s all about your perspective, and the demands on that money. Someone expecting to retire early, live long and spend big — or even just do one of those three — may need more than $1 million, Keckler said. Health costs and expectations of leaving a financial legacy can also …

Just as splitting each retirement plan is more equitable than trading one account for another, the same goes for trading retirement accounts for other assets. “Lots of women go for the sentimental assets, particularly the house if that’s where the family gathers,” said Angie O’Leary, a senior vice president at …

2. Beware of fees. The easiest fee to control — and get rid of — is a late fee. It’s your responsibility to know when the billing cycle ends and to pay on time. If you have trouble remembering the due date, set up autopay, whereby payments are automatically deducted …

Are your fees too high? If so, they are eating away your returns. Pay close attention to participant fee disclosures from your employer, as the U.S. Department of Labor requires companies to send this notification to 401(k) savers on a quarterly basis. Certain services, such as FeeX, spell out the …

Drivers for Uber and Lyft have to cover the costs of their vehicle, personal liability insurance, gas and a smartphone. They also pay commissions for using the apps, which can be as high as 25 percent per trip depending on how much they drive. On top of that, Uber charges …