Should I Get a 401(k) or a Roth IRA (or Both)?
Should I get a 401(k)? A Roth IRA? Or both?
As with most questions in the financial-planning realm, there’s no cut-and-dried answer. It all depends on your individual situation.
So let’s take a look at some of the things you should consider to help you decide which account is best for you.
Should I Rebalance My Portfolio?
Unless you’re a day trader, you shouldn’t micromanage your investments or even check them on a daily basis. But on the flip side, investing is not a hands-off endeavor, either.
What Are the 401(k) Contribution Limits for 2019?
The contribution limits for 401(k) plans have been increased for 2019. You will want to review your contribution rate to ensure that you are maxing your contributions to the extent that you are able to do so.
Automatic Rebalancing: Everything You Need to Know
So you’ve finally figured out your perfect asset allocation and set up your investment portfolio to have the right mix of stocks, bonds, cash, etc. Ahh… you can finally sleep at night, knowing that your retirement nest egg is totally fine and on track. You never have to worry about it again, since it will just keep on growing and growing, right?
Uh… no.
Using Your HSA for Retirement
Fidelity’s latest survey puts the healthcare costs for a couple both aged 65 at $275,000. This is up from $245,000 in the 2015 survey and $260,000 just last year. This is a big number even for those with sizable retirement nest eggs.
What Is Asset Location? Can This Strategy Boost Your Returns?
Investing in and of itself can be a complicated endeavor. There are issues that you’ll need to address — what to invest in, what types of accounts are available to you and how much to invest in various types of vehicles such as stocks, bonds and cash. These decisions are all important parts of setting your investment strategy.
Why We’ll Never Recommend Day Trading
If you’ve ever watched cable financial news, you’ve certainly had to sit through commercials offering tips on day trading stocks or perhaps currencies. These flashy ads are certainly convincing. After all, who doesn’t want to earn excess profits and live a wealthy lifestyle?
How to Make the Most of Your Employer’s Open Enrollment
Fall… the season of Pumpkin Spice Lattes, woolly socks, orange leaves and — for many of us — open enrollment. Yep, it’s time again to figure out if you want to make any changes to your company’s employee benefit plan. But no matter what time of year your enrollment period rolls around, here are some things to keep in mind.
SEP IRA vs. Solo 401(k) – Which Is Better for You?
Self-employment has many perks. But it also comes with a lot of responsibilities — not the least of which is saving for your own retirement. When you work for an employer, you can usually count on there being a 401(k) plan or something similar already in place that you can contribute to. However, when you work for yourself, it’s a different story. Since you are your own boss, you are responsible for both starting your own plan and funding it.
Luckily, there are products on the market that can help you out. Here are two retirement plan options worth considering if you’re self-employed or a business owner.
What Your Tax Return Reveals About Your Financial Picture
Tax season is over and you’ve filed either your return or your extension. But before you put away those documents, take some time to look at it as a financial planning tool. There’s a wealth of information there that can be very useful to you… if only you know where to look.