Retirement Planning resources
The main difference between the traditional and Roth 401(k) is that with the pre-tax option, you pay the tax on your contributions and the earnings when you withdraw them at retirement at that current tax bracket, whereas with the Roth, you pay the tax on your contributions upfront, but the earnings can be withdrawn tax free.
Depending on how your workplace 401(k) is set up, your employer can match a certain percentage of your 401(k) contribution. Think about it as free money! This is a great benefit employers often provide to allow you to build up your retirement savings.
While both an IRA and a 401(k) are retirement vehicles, a 401(k) is an employer-sponsored retirement account whereas an IRA does not involve your employer but still allows you to contribute towards retirement. Be sure to look into the contribution limits of each.
When you read through blogs or scroll through hashtags and memes on social media, there is a recurrent theme among millennials regarding the live-for-today sentiment. Whether it’s the acronym, #YOLO
Though it may seem daunting, investing in your future is a positive choice. Your experience doesn’t have to be intimidating; I will be happy to serve as your financial planner
Although retirement may seem distant, it is important to start a strategic plan now so you are prepared when that day arrives. Timing is very important, and the sooner you
As young adults, 20 and 30-year-old’s tend to procrastinate when it comes to saving for retirement, thinking they have all the time in the world.But the key is to start