fbpx

What is a 401(k) Plan and How Does It Work

The easiest way to get started saving for retirement is to use your employer’s 401(k) plan. A 401(k) is a retirement savings plan sponsored by your employer. It lets you save and invest a portion of your paycheck before income taxes are taken out. The specific rules and investment options vary from plan to plan, … Read more What is a 401(k) Plan and How Does It Work

Financial Checklist of 25 Important Tasks To Do Each Year

It can be hard to keep track of all the various financial tasks you need to do during a given year. Today I thought I would share a list so you can map it out on whatever calendar application you like to use.  Here are some of the key financial tasks that should be done … Read more Financial Checklist of 25 Important Tasks To Do Each Year

The Real Difference Between Roth and Traditional IRAs

There is a limit which is set by the IRS every year for both Roth and Traditional IRA accounts. The current IRA contribution limits for those under 50 is $5,000 and for those over 50 it is $6,000. This allows for what is called a catch up. What is important in making the decision between … Read more The Real Difference Between Roth and Traditional IRAs