Tony Robbins sends strong message on Roth IRAs, 401(k)s
Personal finance author and philanthropist Tony Robbins offers some important advice about each of these retirement savings ...
Choosing a 401(k) Plan Over Individual Stocks
A 401(k) plan allows individuals to save for retirement with tax advantages and employer matches they forego when saving ...
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I’ve been maxing out my after-tax 401(k) and converting it to a Roth for 2 years — is this a good strategy?
Some 71 million workers have access to 401(k) retirement plans and they have saved $8 trillion toward their retirement. The ...
What is the difference between a backdoor Roth IRA and a mega backdoor Roth?
A backdoor Roth IRA is fairly straightforward. If you make too much to contribute directly to a Roth IRA, you contribute to a ...
Beyond Immediate Tax Savings: 4 Advantages of a 401(k)
Under the Employee Retirement Income Security Act (ERISA), your 401 (k) funds are typically protected from creditors and ...
I'm 60, retired, and have around $2 million in my 401(k). How do I plan my withdrawals in a way that minimizes taxes?
You can start taking money from your 401 (k) penalty-free at age 59 ½. So you shouldn't be penalized if you are 60 and ...
Tax Diversification: Smart Ways to Preserve Your Nest Egg
A long and active retirement may be costly — and may even bump you into a higher tax bracket. Paying some taxes on your ...
Roth conversions are the retirement version of 'buy the dip'
When the economy is showing signs of recession, emptying your cash bucket for a conversion can be counterproductive. If you're in retirement and need cash for living expenses, you'd have to ...
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Choosing a 401(k) Plan Over Individual Stocks
Plan Sponsor Council of America. "Annual 401(k) Survey." U.S. Securities and Exchange Commission. "Traditional and Roth 401(k) Plans." Internal Revenue Service. "Roth Account in Your Retirement Plan." ...
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Converting $640k From a 401(k) to a Roth? Here's How to Lower the Tax Bill
Converting a 401(k) to a Roth IRA can potentially provide valuable long-term benefits, but it also triggers a tax bill that you’ll need to plan for. While the taxes on a Roth conversion can’t ...
This Surprisingly Versatile Account Should Be in Your Retirement Plan
It’s no secret that healthcare will likely be one of your larger expenses once your career ends and your retirement plan ...
How Much Are 401(k) Early Withdrawal Costs
A third of Americans' financial assets are held in retirement plans, according to data from the Investment Company Institute. In September 2024, those accounts represented more than $42 trillion ...