A Simplified Employee Pension (SEP) plan is set up when an employer signs a SEP agreement and has a certain number of employees who are eligible to have a SEP-IRA account. For an employee to be eligible for the employer's SEP-IRA plan, they must...
Roth 401k is a good way to save for retirement. Even though it doesn't give you a tax break right away, when you take money out of the account in retirement, you don't have to pay income tax on it.
This tax benefit is only available to...
To help you reach your retirement goals, you need to know the right things about your 401k. If you don't have the right information, you'll be broke by the time you retire, just like most people. The numbers are in, and they're bad.
The...
As investors, and we are all investors these days, it is important to understand the quirks of the Stock Market pricing data we use to help us make decisions. Investing on Wall Street can be dangerous for people who don't take the time to...
Thousands of people who have money saved for retirement in any kind of account can be thought of as taking part in the Stock market. But have you ever thought about how this interesting market actually works? Imagine you were at a regular...
You can figure out what your 401(k) account will be worth in the future by using the FV function in Microsoft Excel or just about any other popular spreadsheet programme.
The FV function works out how much an investment will be worth in...
Most people think you should never, ever borrow from your 401(k) (K). Financial experts say that we shouldn't take money out of our 401(k) for tax reasons and that many people don't have the self-control to pay back the loan.
With a Thrift...
Getting disability, health, or long-term care insurance is an important part of planning for your retirement. Most of the time, the insurance company will want to know a lot about you. Your habits, medical records, and family history will be used...