Tag: Retirement

Why Should You Use a 401(k)?

Ed note: You can save for retirement. Or buy that new TV right now. Much of financial planning is about keeping your sights on the long game instead of immediate gratification. It’s not easy, but Ben Edwards is here with some great reasons that kind of thinking will pay off. Leer en español. You may […]

What is a 401(k)?

At its core, a 401(k) an investment tool for retirement. It is a type of plan called a “defined contribution plan.” Leer en español. You put money into an account that is then invested in stocks, bonds, money market accounts and more. You work with a company – like Fidelity Investments or Vanguard – to […]

Retirement Savings for the Self-Employed, Explained

Ed note: Saving for retirement can be daunting. Saving for retirement without a company-sponsored plan can seem impossible. There are several options out there, but you’ll have to decide what works best for you.  Leer en español. When you are self-employed, your retirement options may seem confusing. Without a company 401(k) or pension plan to […]

Social Security Benefits – How Much Is Taxable?

Ed note: It’s one of the most frequently asked questions on our social media channels – “Are my social security benefits taxable?” Like so many things with taxes, the answer is a variation of “it depends.” Leer en español. All social security benefits, whether in the form of retirement benefits, survivor benefits or disability benefits, […]

Job Expense and Other Deductions for New (and Not-So-New) Graduates

Ed note: Finishing college might be one of life’s most bittersweet moments. No longer will you be just five minutes away from your few thousand closest friends. No more sharing meal plan points. No reason for all-night cramming sessions before a test. Ok, maybe that last one is good news. We also have more good […]

Smart Ways to Spend Your Tax Return

Ed note: For many Americans, a tax refund is their largest single financial transaction in a year. So what you do with that money can be very important. Contributor Carrie Smith looks at some of the most common, and some of the best, ways to spend it. Leer en español. Have you filed your taxes and […]

In Your Late 20s? Here’s Where Your Finances Should Be

Ed note: When it comes to money in your 20s, you may just be thinking: how do I get more? Meg Favreau of Wisebread tackles realistic ways to manage your finances and get on the path to success. Leer en español. If you’re in your mid-to-late 20s, it might feel like all personal finance information is […]

Taking the Plunge – Married and Managing Finances Together

Ed note: After you walk down the aisle, there are a slew of decisions you have to make as a new married couple. One of the trickiest may be whether you keep your finances separate or not. Our newest contributor Savvy Financial Latina shares a glimpse inside her experience and provides some questions to consider. […]

Tax Questions, Answered: Retirement Accounts

Ed note: There’s more to a retirement account than just opening one and forgetting about it. As you make changes over the years, there may be tax issues to consider. Today we have Kevin Martin, from the Tax Institute, answering your questions about Roth IRA conversions, 401(k) accounts, and rollovers. Roth IRA Conversions Question: I would […]

President Announces MyRA in State of the Union Address

Ed note: At H&R Block we are always keeping on top of tax law and new financial policies, so of course we paid close attention to the President’s speech last night. Here’s a few details on a new retirement account he proposed. The annual State of the Union address. It’s a lot of clapping, a […]