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Cashing Out 401k
Although cashing out 401k can be a very tempting financial assistance option because you are simply taking the money you have saved from the years of your hard work, you should think twice before you go for it. While this opportunity may appear to be a good deal at the outset, it may cost you … Read more
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2022 Retirement Account Contribution Limits
2022 is the year where you can save up more funds for your brighter and more prosperous future. The IRS already announced the new contribution limits for various retirement accounts such as 401(k), IRA, and Roth IRA. The best news is that there is a slight increase with new 2022 retirement account contribution limits, which … Read more
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Choosing Your IRA Provider
Are you planning to open an IRA account? Opening an IRA account provides you a great opportunity to save loads of cash for your retirement. The special tax considerations that are given to IRA accounts make it one of the best ways to save money for your future. Aside from that, you also save money … Read more
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Avoiding IRA Fees
People who are planning for their future know that saving and investing are two essential methods in order to secure their finances. However, there are very few who are educated when it comes to investing. Are you one of those few people who have enough knowledge about investing, and are you willing to set long … Read more
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Non-Qualified Retirement Plan
As soon as you start thinking about your future, then it is the perfect when to open an IRA. Getting the best IRA company that can offer better returns in a wise thing to do. But even though many people secure their retirement through saving part of their income into qualified retirement plans which are … Read more
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HSA Contributions
A Health Savings Account is a type of savings account like the IRA that helps people pay for their health care expenses. With a HSA you can pay any current health care expense, save for future medical expenses and retiree health expenses tax-free. The money in your account is owned by you; you don’t need … Read more
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Pros and Cons of Roth IRAs
A Roth IRA is believed to be the most advantageous type of IRA plan especially when it comes to paying the taxes. With a Roth IRA, we pay taxes upon contribution — which means that it is possible for our investments to grow tax-free profits and the Roth account holders can also enjoy tax-free distributions … Read more
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When is it Time to Retire?
More and more people are working past the regular age of retirement: 65. This has led to the very notion of retirement being very uncertain. So when is it time to retire? This is a question that lurks in the minds of young people who are constantly observing the older generation. Retirement has its risks … Read more
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Planning for Retirement in Your 20s
The early bird always gets the worm. Heading a household when you’re just in your 20s can be very challenging. It seems like you’ve just graduated and you already have to take care of a home, manage the budget and still save some for a rainy day. The last one is the most difficult. As … Read more
