A traditional 401(k) used to be the standard for retirement savings, but the Roth 401(k) has surged in popularity in recent ...
Confused about pre-tax vs. Roth? You're not alone. Money expert Preston Seo explains how each impacts your taxes today and in ...
Too rich for a Roth IRA? If your company offers a Roth 401(k), you can convert your traditional 401(k) to pay lower taxes in retirement.
More people than ever are choosing to retire early, kick their feet up and enjoy their golden years. One in eight workers hopes to retire before they turn 61. However, that requires building a ...
“It’s best to use Roth accounts when you have a long time horizon or are in a low tax bracket,” said Scott Meyer, wealth manager and partner at Merit Financial Advisors. “The reason is if you are ...
Retirement plans such as 401(k)s and IRAs are powerhouse savings accounts, giving you a tax break either when you contribute to the account or when you withdraw your money — plus taxes are deferred ...
When it comes to saving for retirement, the Roth and traditional IRA are like two sides of the same coin. Both offer powerful ways to grow your savings, but they come with distinct tax advantages — ...
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Retirement planning is no longer an easy task. Age, ...
As an adviser, you will often be asked by clients to opine on strategic decisions that lay the foundation for retirement readiness. Two common lines of questioning involve whether employee populations ...
Some workers don’t have access to an employer-provided retirement plan, and 401 (k) quality can be uneven. High ...
The decision of whether to save for retirement through a Roth IRA or through a traditional IRA is a complex matter that can have significant financial implications in both the short term and the long ...
If you want the flexibility to be able to tap into your retirement savings if needed, the Roth IRA is your best bet. You can ...