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Roth IRA’s and 401 k’s with Roth subaccounts are getting more and more popular.  People are realizing that paying the Tax Man now and never again is very appealing. I have always said a Roth is like paying taxes on the Seed Money and getting the Harvest for free.  But...

If you are thinking of starting your journey with retirement savings, choosing which retirement plan to go for is the first question you will face. There are several retirement saving accounts, among which the most famous are the pension and 401(k) plans. So, let’s...

An Individual’s financial future significantly depends on creating or taking part in a retirement plan. Knowing all the options for designating a beneficiary is also crucial to the planning. When picking beneficiaries for retirement benefits, one must take into...

Do you want to save money on taxes and boost your retirement savings? If yes, you’ve come to the right place. Mega backdoor Roth is the perfect tool for getting around the tax rules preventing you from accessing the benefits of a Roth account due to falling into the...

Most people wish for the success of their family, while others go about creating it together. With the stock market fall wiping out the savings of millions, it sounds like the perfect time to build wealth with the people you trust the most. However, running a business...

Retirement planning for women looks different than it does for men. It accounts for several factors that affect women more. These may include career years lost to becoming a stay-at-home mother or the additional years women live. Read this article to find out how you...

A 401(k) plan makes it easier for your employees to save for retirement. To ensure everyone is benefitted from the plan, the IRS has established nondiscrimination tests to measure whether a 401(k) plan unduly favors highly compensated employees. This is just for...

What is a Coverdell ESA? Coverdell Education Savings Account (ESA) is a tax-deferred trust or custodial account created by the US government to help families fund educational expenses for beneficiaries aged 18 or younger. The age restriction can be waived off for...

If you are considering quitting or changing jobs, you’ll need to think about what you will do with your old 401(k) plan. Below are some options but these options depend upon the plan documents of your current plan and any new employer plan you may join. In this...

Saver's credit is a non-refundable tax credit that allows eligible taxpayers who are saving for retirement to enjoy tax breaks apart from the tax deductions they may receive from contributions to their employer-sponsored plans or individual retirement accounts (IRAs)....

If you are short on funds to deal with an emergency, you may have considered withdrawing from your 401(k). You must know that you cannot simply make a withdrawal from your 401(k) any time you'd like. A 401(k) retirement account is typically designed to allow you to...

What is a Crypto IRA? Also referred to as Bitcoin IRA, Crypto IRA is a self-directed IRA, which allows you to invest in Cryptocurrency and other asset classes such as real estate and precious metals – the alternative assets that are not available with traditional...