With the end of the year upon us, now is the time to make final money moves. Personal finance guru Humphrey Yang knows just what his audience should be doing to finish the year strong financially. He recently shared the “3 Financial Moves You Should Make Before 2026 Hits” with his 3.4 million TikTok followers. Read More: I’m a Financial Advisor: My Wealthiest Clients All Do These 3 Things Find Out: 6 Low-Risk Ways To Build Your Savings in 2025 Here are his tips for helping your money end the year on a hig ...

Learn how Roth and traditional IRA withdrawals are taxed, including rules for early withdrawals and penalties, to better plan and manage your retirement funds. https://t.co/00SogBTAP0 ...

Portrait, black man on mountain and excited with exercise, celebration and view for fitness, happiness and hiking. Face, African American male athlete and mature gentleman with smile and traininggettyThis little-known Roth strategy can help high income earners save 100’s of thousands more in tax-free retirement income - if you know how to use it.Roth IRAs have long been a favorite among savers who want tax-free growth, but for high income earners, contribution limits can feel like a ceiling. Cue the Mega Ba ...

Investment Opportunity - High-income earners can make indirect Roth IRA contributions via a backdoor Roth IRA conversion [1]

Leftover 529 funds? A new rule could help you repurpose them for retirement. Now, under certain conditions, up to $35,000 from a 529 plan can be transferred to a Roth IRA for the same beneficiary—without taxes or penalties. Watch to learn how it works and who qualifies. Get the deep dive: https://www.fidelity.com/learning-center/personal-finance/529-rollover-to-roth 1212813.1.0 ...

Learn how and when to convert tax-deferred accounts to a Roth IRA, the tax implications, the 5-year rule, and smart strategies like laddering or backdoor Roth conversions. https://t.co/2ev2AXuyi5 ...

Plan for your future and learn about a Roth individual retirement account (IRA) and its contribution limits. Decide if it's the right account for you. https://t.co/xd2T4SquKR ...

Core Points - The Federal Reserve began raising interest rates aggressively in March 2022, reaching a peak of 5.25% to 5.5% by mid-2023, before starting to cut rates in late 2024 due to a stalling job market [1] - Changes in interest rate benchmarks have widespread effects on the economy, influencing businesses, mortgages, prices, and markets, which is crucial for individuals planning for retirement [2] - The Federal Reserve's decisions aim to stabilize inflation and maximize employment, impacting individual investors differently [3] Interest Rate Changes - The Federal Reserve uses data and analysis to determine the best course for the U.S. economy, adjusting benchmark interest rates that affect bank lending [4] - Raising the target interest rate makes borrowing more expensive, which can help control inflation, while cutting rates makes borrowing cheaper to stimulate economic growth [4] Economic Impact - Lower interest rates benefit businesses and consumers by making loans cheaper, encouraging spending and investment, but reduce the attractiveness of saving [5] - As borrowing costs decrease, businesses are more likely to pursue new ventures, and individuals find it easier to take on mortgages or car loans [5] Retirement Accounts - Rate cuts can positively impact stock investments within retirement accounts, as lower borrowing costs for businesses and increased consumer spending typically lead to rising equity prices [7]

Core Insights - Part-time and hourly employees can access workplace benefits like 401(k) plans, despite their income levels [1][3] - The median weekly earnings for full-time employees is $1,196, translating to approximately $34 per hour [1] Retirement Savings Options - Employees can contribute to a 401(k) plan, even if they are not full-time, provided they meet specific requirements [3][8] - It is advisable to contribute enough to a 401(k) to receive any employer match, as this can significantly enhance savings [4] - A Roth IRA can be established independently of workplace offerings, allowing contributions of up to $7,000 annually for eligible individuals [5][6] Contribution Strategies - Regular contributions, even if not maximized, can lead to substantial retirement savings over time [6] - Fidelity recommends saving 15% of annual income for retirement, but emphasizes the importance of starting to save consistently, regardless of the amount [7]

Discover what a Roth IRA is and how it works, including income-based eligibility and tax-free growth, and why it may be ideal if your tax rate is higher in retirement. https://t.co/gEw5YfLUuB ...