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that current tax bracket, whereas with the Roth, you pay the tax on your contributions upfront, but the earnings can be withdrawn tax free.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.
Donald Trump Takes a Stand on 401(k) Investments
GOP presidential nominee Donald Trump has had one of the most hectic campaigns in recent memory. He has made so many newsworthy remarks that it is hard to keep up.
The Conflicts of Interest Around 401(k)s
A new study in the Journal of Finance has found that conflicts of interest in 401(k) plans can lead to serious losses for individual investors. More specifically, the 2,500 funds
4 Things You Can Learn From John Oliver About Retirement Planning
On his HBO show Last Week Tonight, comedian John Oliver recently turned the national spotlight on the wealth management and retirement planning industry. In light of a new Department of
Personal Finance – Why Didn’t I Learn That?
I recently returned from a reunion weekend with some of my college buddies. We caught up on wives, kids, work and all the other important parts of our lives. One
6 Questions to Ask A Financial Advisor
Finding a financial advisor who is right for you is an important process. A good financial advisor is there to prevent you from making decisions that would have a negative,
Is Your Retirement Advisor a Fiduciary?
Do you want a financial professional who is opposed to financial transparency managing your money? The upcoming and long anticipated proposed rules by the Department of Labor (“DOL”) exposes that