Timothy Sumer

People currently in their 20s are likely facing a 60-year career because of longevity and rising living costs. In the second episode of our series, we explore the importance of beginning the retirement-saving process early, and how accounts like a 401(k) and an IRA can help people maximize their saving efforts. Your Money Briefing WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes. For more episodes of WSJ's Your Money Briefing: #Retirement #401k #WSJ... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA As people continue to live longer and healthier lives, the concept of retirement is taking on a whole new meaning. While it used to be that retirement meant stopping work completely and r

Retirement savers who make “catch-up” contributions to their 401(k) account will lose an often-used tax deduction under new rules coming next year. WSJ’s Anne Tergesen joins host J.R. Whalen to discuss. 0:00 Catch-up contributions 1:05 Rule changes 1:36 Roth 401(k) vs. traditional 401(k) 3:02 Taxes on contributions 3:39 Financial planners’ advice 5:10 Estate planning Your Money Briefing WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes. For more episodes of WSJ's Your Money Briefing: #401k #Taxes #WSJ... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA Why This Popular 401(k) Tax Break Is Going Away: A Closer Look by WSJ Your Money Briefing The 401(k) tax break has long been a favorite amo