Ronnean D Collins

A carefully followed recipe is key to creating a perfectly delectable pie. If you fail to plan, or measure your ingredients poorly, your pie could be a real flop. The same can be said for financial planning and preparing for your future. Experts suggest you’ll need at least 70% – 90% of your pre-retirement income to maintain your current lifestyle when you retire. Find out what steps to take so your retirement doesn’t start half-baked.

Many people make resolutions on New Year’s Day. However, no matter what your resolutions are, the key isn’t making the list, it’s sticking to it. Here are four resolutions that can help increase your financial fitness today and in the new year.

When you’re thinking ahead to retirement, tax planning should be part of your decision-making process. Many investors have several types of accounts that can be aligned with specific investing goals. Some are subject to taxes, while others have tax advantages. Find out more about the two employee contribution options UNC employees have.

Tax law places limits on the dollar amount of contributions to retirement plans and IRAs and the amount of benefits under a pension plan. IRC Section 415 requires the limits to be adjusted annually for cost-of-living increases, but the contribution limit will remain unchanged for 2021.