401(k) Investment | Maximize Your Contributions
The 401(k) plan is the very best retirement plan available to the average American. If the plan is offered through your employer, you should absolutely take advantage of it. Along the way, do whatever you can to maximize your contributions, as well as the performance of the plan. Table of ContentsHow to Maximize Your 401(k) Investment Create the Right Portfolio …
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403(b) vs 401(k): What’s the Difference?
I know that you were losing sleep because I had not written a post yet that outlines the differences between a 403(b) vs 401(k). Oh wait, you weren’t? I thought everybody was a retirement tax code freak like me. 😂 Either way, you or someone you know may have the option to fund a 403(b), and understanding how it compares …
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Solo 401(k) Rules And Contribution Limits in 2024
If you’re self-employed or you’re a small business owner with no employees other than a spouse, a Solo 401(k) or individual 401(k) can help you save considerably more for retirement than you could with just an IRA. This type of account comes with astronomical contribution limits ( in ) when you consider both the employee and the employer contribution, and …
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Can You Have a 401k and a Traditional IRA?
Just the other day, I read a seriously troubling statistic regarding Americans and their strategies for retirement. According to the November 2021 Compendium of Findings About the Retirement Outlook of U.S. Workers, approximately 1 in 4 American adults don’t have a retirement strategy at all. Why? Because they haven’t stashed away a dime for their golden years. As in, they …
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Popular Housing Markets During the Pandemic
There’s something weird happening with the real estate markets today. Normally in a recession, demand for rentals goes up while demand for houses goes down. But if there’s anything 2020 has taught us, it’s that everything is turned on its head right now. Instead, we’re seeing an interesting trend: Despite the ongoing pandemic, home-buying is experiencing higher demand now than …
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6 Reasons to Try the FIRE Movement
The idea behind FIRE is if you can earn more money, live on less, and save and invest the rest, you can cut years — or even decades — off of your working career. Of course, the FIRE movement has its problems. Not everyone can save 50% or more of their income to work toward FIRE. And most who retire …
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