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Published June 5, 2023

Pros and Cons of a Roth 401(k): Key Differences and Tax Implications

When it comes to planning for retirement, choosing the right savings vehicle can make a significant impact on your financial future. Traditionally, 401(k) plans have offered tax-deferred contributions, but in recent years, the Roth 401(k) has emerged as an appealing alternative. With its unique tax advantages and considerations, understanding the key differences between a traditional… Continue reading Pros and Cons of a Roth 401(k): Key Differences and Tax Implications

Published May 29, 2023

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15 Fun Ways to Teach Kids about Money This Summer

Summer is expensive for parents, which is why it is the perfect time to teach kids about money. With kids out of school, parents have to either spend money on childcare, camps, or entertainment. It adds up. Fast. Pre-pandemic, families were already spending quite a bit during the summer months. A 2019 Pearachute survey found,… Continue reading 15 Fun Ways to Teach Kids about Money This Summer

Published May 22, 2023

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12 Tips to Quit Retail Therapy and Boost Your Finances

When you have a bad day, do you head to Target? When you are bored, do you shop online? When you have cause for celebration, do you splurge on something new? These are all common ways to engage in retail therapy. The problem is that retail therapy is not true therapy. It is simply a… Continue reading 12 Tips to Quit Retail Therapy and Boost Your Finances

Published May 15, 2023

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How RMD Changes Protect Your Retirement Savings

The original SECURE Act of 2019 extended the Required Minimum Distribution (RMDs) age from 70½ to 72 for retirement accounts. Now with the passing of the Omnibus Bill, SECURE Act 2.0 extends the RMD beginning date to age 73, starting in 2023. Not only does the new legislation push back the required minimum distribution age,… Continue reading How RMD Changes Protect Your Retirement Savings

Published May 8, 2023

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When It May Not Make Sense to Roll Over Your 401(k)

Contrary to what most experts advise, there are times when it may not make sense to roll over your 401(k). We even advise most investors against leaving behind an old 401(k). However, there is an IRS rule that – if you qualify – may help you have more money and avoid penalties that could eat… Continue reading When It May Not Make Sense to Roll Over Your 401(k)

Published May 1, 2023

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Don’t Break the Bank: Tips for Planning Your Family Summer Vacation

Now is the time to plan and save for a family summer vacation. If you wait too much longer, you’ll be too late. This is because Americans are still feeling the need for pent-up “revenge” travel following the pandemic – even with inflation. According to Forbes, “The U.S. Travel Foundation is forecasting an increase in… Continue reading Don’t Break the Bank: Tips for Planning Your Family Summer Vacation

Published April 24, 2023

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What Are My Rights as a 401(k) Investor?

The more you know your rights as a 401(k) investor, the better choices you will be able to make building wealth for retirement. But far too many 401(k) investors don’t know their rights due to the lack of education. Most of us sign up for a 401(k) plan and are handed a packet of information… Continue reading What Are My Rights as a 401(k) Investor?

Published April 17, 2023

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The High Cost of Raiding Your 401(k)

401(k)s are often the largest asset people have for retirement. We save year after year, paycheck after paycheck, with the goal to have a comfortable retirement. However, there are times when we may be tempted to dip into our retirement savings before we reach retirement age. While it may seem like an easy way out… Continue reading The High Cost of Raiding Your 401(k)

Published April 10, 2023

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Costly 401(k) Mistakes Investors over 50 Are Making

For 401(k) investors over 50, retirement is around the corner. And, with the market volatility over the past year, many are wondering how to best protect their savings and ensure they have enough for retirement. If you’re nearing retirement and want to do what you can now to maximize your 401(k) savings and set yourself… Continue reading Costly 401(k) Mistakes Investors over 50 Are Making

Published April 3, 2023

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Build Wealth with a Pay Yourself First Budget

One of the most common financial mantras to building wealth is “pay yourself first,” but there isn’t much guidance on how to create a pay yourself first budget. That might be why so many Americans struggle with saving money. A 2023 Bankrate study found, “Nearly half (49 percent) of U.S. adults have less savings (39… Continue reading Build Wealth with a Pay Yourself First Budget

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Category: Uncategorized

Pros and Cons of a Roth 401(k): Key Differences and Tax Implications

15 Fun Ways to Teach Kids about Money This Summer

12 Tips to Quit Retail Therapy and Boost Your Finances

How RMD Changes Protect Your Retirement Savings

When It May Not Make Sense to Roll Over Your 401(k)

Don’t Break the Bank: Tips for Planning Your Family Summer Vacation

What Are My Rights as a 401(k) Investor?

The High Cost of Raiding Your 401(k)

Costly 401(k) Mistakes Investors over 50 Are Making

Build Wealth with a Pay Yourself First Budget