Scottrade is an online broker and by far one of the best online brokers in the market today. By comparing the services offered by this company and the fees that they charge with the services and the fees of other online brokers, it can be seen that Scottrade is certainly one of the best online … Read more
The 401k retirement plan is a special type of account funded through pre-tax payroll deductions, where the funds can be invested in a number of places (for example stocks, bonds or even assets as chosen by the employee) and the interest earned by such funds is not taxed until they are withdrawn. The employer manages … Read more
An investment into an Individual Retirement Account, commonly known as IRA, would not be beneficial if it was just made without first pursuing the best IRA funds available in the market. By IRA funds we mean the options that are available in the market through which an individual can make the necessary investment as a … Read more
There are many people who ponder on the question “what is an IRA?”. IRA is an umbrella term that is used for all retirement plans that provide tax advantage for retirement savings in the United States. IRA itself stands for individual retirement account or it could even mean individual retirement arrangement. These tax saving plans … Read more
Let me ask you this; is a Registered Retirement Savings Plan (RRSP) really the best savings plan for you? With RRSP, contributions are tax-deductible, and growth with gains is also tax-free. You will only be subject to tax when you take money out and the incurred taxes will be calculated based on your income tax … Read more
There are some who are familiar with how Net Unrealized Appreciation (NUA) works as per relationship with the company stock owned by their 401(k) and some, sadly, are not familiar with it. As a brief explanation, you can take out funds from your 401(k) and rollover everything except the company stock (your company) to an … Read more
The 401a plan is a money purchase retirement plan that is set up by the employer. This plan allows for both employers and employees to contribute towards the account. The contributions to this plan can be made either on a voluntary or mandatory basis. The mode of contribution (voluntary or mandatory) is decided by the … Read more
Saving for retirement is one of the primary concerns for many people and especially those people who are nearing retirement. There are various retirement plans available today such as, the 401k retirement plan and the 403b retirement plans. Most of these plans offer excellent tax benefits and other added benefits as well. The 403b retirement … Read more
403b retirement plans are essentially savings plans that are available for public education organizations, and some other types of organizations in the United States. The contributions to the 403b retirement plans are not taxable; however, the withdrawals from the plan will be taxed as income tax. Contributing towards retirement plans such as the 403b plans … Read more
Saving money for retirement is a very important aspect. Generally, this is the difference between a person enjoying happy retirement and a retired life that is full of hardships. Retirement investing has been around for many years now. Although pension funds and pension plans have been around for a much longer duration, the concept of … Read more
Annuity investments, although they are quite common in the United States, most people still find themselves asking the question ‘what is an annuity investment?’ An annuity investment is a contribution that an individual makes towards a life insurance policy by a single premium. The returns of the insurance plan will be enjoyed by the insured … Read more
Retirement investing is one great way to secure a good life after we retire from our jobs. There are several options on what to invest for our retirement years. There would be savings accounts and, of course, retirement plans. Aside from your 401(k), it is best that we get an Individual Retirement Account – more … Read more
401k is an employer-sponsored retirement plan. It derived its name from subsection 401k of the Internal Revenue Code (Title 26 of the United States Code). With this, employers can help their workers save for retirement and reduce taxable income as well. Employees can choose to contribute some of their earnings to 401k and these are … Read more
If you want to retire wealthy, then you should invest in your retirement as early as possible. You should know that retirement investing is relatively time-sensitive. Building a healthy nest egg that you can use after you retire will allow you to enjoy the fruits of your labor when you were still able. There are … Read more
