A 401(k) is an employer-sponsored plan where many of the employers offer a matching contribution. It has a higher contribution limit compared to IRA plans and also provided a tax advantage. You can invest in assets such as mutual funds, … Read the rest
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IRA vs. 401(k): How to Choose
People always seem t be confused about whether they should invest in 401(k) or an IRA. Both of them have tax benefits. While you are confused between 401(k) vs IRA, you should not focus on only 1 of them, … Read the rest
CARES Act: Considering 401(k) Withdrawal Because of Unemployment Due to COVID-19 Pandemic?
Covid-19 has adversely affected millions of Americans in terms of job and financial loss. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was made in light of the COVID-19 pandemic to give help, alleviation, and expanded monetary security … Read the rest
7 Factors to Consider While Planning for Your Retirement
It is very essential t plan your retirement and start saving as early as possible. For someone who wants to start retirement planning, your first step is to identify how much retirement savings you need to wish to maintain your … Read the rest
Why and When Should You Consider a SEP IRA?
Self-employed contract workers and sole proprietors often struggle to find a retirement account that works for them. There’s one type you need to consider: The Simplified Employee Pension IRA, or SEP IRA, which provides you with a higher contribution … Read the rest