When you switch jobs, you don’t have to leave your 401(k) plan behind. There are four options for an old 401(k). These include: Cashing it out Keeping it with your former employer Rolling over your old 401(k) into a new employer’s 401(k) plan Doing a 401(k) rollover into an Individual Retirement Account (IRA) Each of […]
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Are you self-employed or run a small business? If so, you’re probably looking for a way to save up some more money for your retirement or perhaps a way to get a tax break – and with so many different kinds of saving and retirement accounts out there, searching for the right one to invest […]
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An individual retirement account (IRA) is an individual retirement account, right? Wrong. While many people are familiar with Traditional and Roth IRAs, there are in fact many other options to consider. What makes each of the different varieties unique are the different advantages and disadvantages that they bring to the table. And, depending on your […]
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The sooner you save for retirement, the more financially secure your future will be. An individual retirement account (IRA) is a great way to save for retirement, but leveraging the right kinds of assets means that you can invest your contributions for even higher gains — all while enjoying some serious tax savings. And yes, […]
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Got $10,000 burning a hole in your bank account? Hey, stranger things have happened! Maybe you just sold your house and found yourself with a lovely $10K profit after closing out the mortgage. Maybe you came into $10,000 on account of a relative. Whatever the reason, now is the time to invest it. If you […]
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Opening your IRA is the first step. Next, you have to invest those assets, but you have to know your IRA investment options. Here’s a look at what assets you can put in an IRA and how new investors should approach investing with the account. For those who don’t have a 401(k) plan, or for […]
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A Roth IRA vs. traditional IRA is a choice based on taxes and income. Here’s a look at the differences and how you can choose the right account for your needs. Out of all the investment accounts on the block, the 401(k) is the fan favorite of the pack. But it’s not the only option […]
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If you’re not already invested in either a traditional individual retirement account (IRA) or a Roth IRA, you may be unclear on the difference between them. Both are investment accounts that allow you to save for your retirement. Both include the option of investing in stocks, bonds, and various other types of funds. Both allow […]
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