If you want to maximize the benefits of your retirement plan, it’s important to note the deadlines that go along with them. Not all retirement plans should be, or can be, set up at the same time. And if you want the tax benefits of your plan, there is a cutoff date to apply your […]
No 401(k)? What you should do instead.
The 401(k) is the most commonly used retirement plan in the U.S., and it’s easy to see why. Pre-tax money contributions and employee match programs are big perks. And 401(k)s are accessible – according to the Census Bureau, nearly 80% of Americans work for companies that offer a 401(k) plan. If your company offers a […]
401(k) Rollover: When You Should NOT Convert to an IRA
If you left a job or are planning to, it can make sense to opt for a 401(k) rollover into a traditional IRA. Leaving the employer where you started the 401(k) means you can’t contribute to it or earn an employer match, so rolling it over to an IRA gives you more options. There are […]
401(k) & 403(b): Know the Differences
It’s important to know the differences between retirement options. In this video, I discuss the key points you should know about 401(k)s and 403(b)s. 401(k) vs. 403(b): The Similarities Both plans allow for pre-tax contributions, they allow for employers to match a contribution, they both make you wait until 591/2 to draw from them without […]
What to Look for When Analyzing Your 401k Plan
For many Americans, one of the best ways to build wealth is to save in an employer-sponsored retirement plan like a 401k. It makes good sense: there are many advantages to this type of account. The money comes out of your paycheck before you even see it and it’s easy to sign up for the […]