In a previous post, I shared some of the basics of 403(b) Tax Sheltered Annuities. As a recap, a 403(b) is a type of retirement account thatâs only offered to employees in certain not-for-profit and government jobs. For these employees, their 403(b) is the equivalent of their 401(k). While employee limits are the same for […]
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With all the concern these days about the Roth IRA, traditional IRAs may be in danger of getting lost. But for many of the same reasons that a Roth IRA is so important, traditional IRAs continue to be valuable. I admit it â Iâm a big fan of the Roth IRA. I think everyone should […]
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Thinking about converting your retirement account to a Roth IRA? Itâs easy to see why the Roth IRA is so incredibly popular. Contributions to a Roth IRA are made with income that has already been taxed, meaning thereâs no initial tax benefit, but the money you have in a Roth grows tax-free over time. Roth […]
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The Roth IRA vs traditional IRA â theyâre basically the same plan, right? Not exactly. While they do share some similarities, there are enough distinct differences between the two where they can just as easily qualify as completely separate and distinct retirement plans. To clear up the confusion between the two, letâs look at where […]
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The Roth IRA vs. the Roth 401(k) – they have so much in common, yet theyâre also so different! How can that be, since are both Roth plans? Mostly, itâs because one is an employer-sponsored plan, and the other is a self-directed account. But the IRS allows certain specific benefits for each plan type. The […]
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Should you have a Roth IRA or 401(k) plan? I like both plans, but for different reasons. Thatâs because the two plans are very different from one another. For this reason, you should try to have both plans going at the same time, if itâs possible for you to do that. Each meets a different […]
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Roth IRAs can be a savvy retirement savings strategy, but they have one significant drawback: contributions arenât tax-deductible. Though when taking a closer look at the details, there are also nuances to consider. Although Roth IRA contributions themselves arenât tax-deductible, you can claim a Roth IRA tax credit, or claim a loss on a Roth […]
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Wondering what retirement mistakes will ruin your retirement? Here are the biggest retirement mistakes we all make. Have you ever checked in to see if you are on track for retirement? I know this can feel like a daunting task, but preparing yourself for retirement can help you save more and avoid common retirement mistakes. […]
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Today, I have a great guest post to share. Here is how this person paid off $65,000 in student loans all while investing at the same time. Student loans… everyone’s got ‘em everyone wants to get rid of them. This is a story of my battle with student loans and how I found success in […]
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Would you like to learn how to save for retirement? Learning how to save for retirement is how you start preparing for your future. It’s necessary if you don’t want to work for the rest of your life or if you want to do amazing things after you quit working, like traveling or trying new […]
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