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401(k) loans: What they are & how they work

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A 401(k) loan allows you to borrow from the balance you’ve built up in your retirement account. Generally, if allowed by the plan, you may borrow up to 50% of your vested balance, for a maximum loan amount of $50,000.

New job seekers hit a 10-year high

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More Americans are looking to switch jobs than at any point in the past decade, with more than half of U.S. workers surveyed watching for or actively seeking a new job.

Roth IRA 2024 and 2025 contribution limits

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Roth IRAs can be great investment avenues for long-term savings, but there are several rules to be aware of prior to contributing to this retirement account. Here is a rundown of contribution limits and other key considerations.

Spousal IRA: What it is and how it works

Money

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A spousal IRA can be an excellent way for stay-at-home parents, homemakers, and other spouses without their own income to prepare for retirement without having to rely solely on their spouse’s retirement accounts.