What Is 401K and IRA401K is a retirement plan account offered by most private employers to their employees. It allows an employee to commit a certain percentage of their pre-taxed salary into a dedicated retirement account. It is known for its tax advantage and definite contribution. The way it works is that employees make periodic […]
This section will act as your roadmap to better understanding how 401(k) accounts actually work and the pros and cons associated with having an account through your employer.
One of the motivating factors for investing is to safeguard your future buying power. Inflation is the main driver of reducing the value of the dollar. That means that by the retirement age of 60-70 years, the money you have today would be worth slightly less. If you’re on the fence about whether or not a precious […]
What is a 401k? A 401(k ) is retirement account tied to your employer. The employer sponsors the plan; if your employer does not provide a 401k option you can’t run out to the nearest brokerage firm and open an account. (Self-employed individuals can open a Solo 401k,, but that is still tied to your […]
Securing your future with strong retirement plans and firm financial goals is the best way to ensure that your retirement income will be stable and complete. There is a variety of retirement options and investment plans that have been made available to everyone. Each option has its advantages and disadvantages, and each option promises its […]