Traditional IRA vs. 401(k) Plan – Which Plan Wins?
Financial bloggers often portray the traditional IRA vs. the 401(k) plan as a debate, as if one plan is better than the other. In truth, they’re very different plans, and…
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The Ultimate Roth IRA Conversion Guide – Everything You Need to Know
Thinking about converting your retirement account to a Roth IRA? It’s easy to see why the Roth IRA is so incredibly popular. Contributions to a Roth IRA are made with…
Read Full RecipeRoth IRA vs Traditional IRA: Understand the Difference
The Roth IRA vs traditional IRA – they’re basically the same plan, right? Not exactly. While they do share some similarities, there are enough distinct differences between the two where…
Read Full RecipeHow to Retire at 50 in 7 Easy Steps
Early retirement has become a popular financial goal. And well it should be. Even if you never retire early, just knowing that you can is liberating! And it may just…
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How to Check Your 401(k) Balance
The 401(k) plan is the largest asset many investors own, accounting for 34.1% of their total net worth, according to the U.S. Census Bureau. Regularly checking your 401(k) account can…
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Pre-tax vs Roth (After-Tax) 401(k) Contributions
A major decision in retirement planning is whether to make pre-tax or Roth (after-tax) 401k contributions. Pre-tax contributions go into your retirement account with money that has not been taxed,…
Read Full Recipe7 Things You Need to Know About a SIMPLE IRA for 2023
Most people have never heard of a SIMPLE IRA and are curious to know the rules, limits, and how it differs from a 401(k). A SIMPLE IRA sounds “simple” to…
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Roth IRA Rules and Contribution Limits for 2023
Opening a Roth IRA can be a smart move if you want to invest for retirement and save money on taxes later in life. However, there are strict rules when…
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Can You Lose Money in a Roth IRA?
I’m a big fan of the Roth IRA, and investors who understand its massive tax-free benefits are also. Recently a reader sent in this question about it: “I’ve been investing…
Read Full RecipeRoth IRA vs. Roth 401(k) – Choose the Best Plan For You
When it comes to the Roth IRA vs. the Roth 401(k), there are many similarities to keep in mind. For example, both plans let investors build up tax-free income for…
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