Archive for category Planning for the Future
The Beauty of IRAs – Individual Retirement Acccounts
Posted by Editor in Planning for the Future on January 31, 2010
An IRA is a great way to save for the future, but only about 14% of eligible Americans are contributing to one. That’s a shame, because an IRA is a tax-advantaged investment tool that can help you invest for retirement — whether you’re just starting out, in the middle of your working years or headed [...]
The 401k plan is the Ultimate Retirement Saving Plan
Posted by Editor in Planning for the Future on January 18, 2010
Free money from your employer can be termed as one thing — a 401K plan. This is an employer sponsored retirement plan where employees contribute a percentage of their salary into an account, with employers providing a matching percentage.
Motley Fool describes it as “one of the best ways to save for your retirement. Few alternatives [...]
Traditional vs Roth IRA
Posted by Editor in Planning for the Future on January 18, 2010
The difference between a traditional IRA and a Roth IRA comes done to one word – tax-deferred vs. tax-exempt.
Both will allow you to accumulate wealth without paying taxes, but with the traditional IRA you will get a tax bill for the profits and contributions when deductions are made.
The Roth IRA, on the other hand, doesn’t [...]