Choosing Your Retirement Path: Comparing 401(k), Roth 401(k), and Roth IRA Accounts
As you get near your retirement age, the choices you make about how to save for this next chapter can have a big impact on your long-term financial well-being. This is an exciting time, but it’s important to understand your options. Recent stats show that about 22% of Americans have under $5,000 saved for retirement, […]
Understanding Backdoor Roth IRA vs. Mega Backdoor Roth 401(k)
Are you getting close to retirement age but not making the most of your savings? Many high-income earners are unaware of the powerful strategies available to them through Backdoor Roth IRAs and Mega-Backdoor Roth 401(k) contributions. These methods can significantly increase your tax-advantaged savings, providing substantial benefits as you plan for the future. This guide […]
Understanding the Advantages and Disadvantages of 401(k) Accounts
Are you part of the 46% of 401(k) investors who are unaware of where your money is going? According to a recent CNBC survey, nearly half of all participants in this critical retirement savings plan might be in the dark about their investments. The 401(k) plan, named after a section of the U.S. tax code, […]