What is the maximum yearly contribution to 401k plans?
The limit for a Traditional 401k is $15,500/year, and the limit for a ROTH 401k is $4000/year. However, this year I put $3000 in my Traditional, and $1500 in my ROTH 401K, and Turbotax says I am over...
View ArticleDo 529 education savings plans have any advantages over Roth IRAs?
I know that I can take money out of a Roth IRA tax free for education expenses and that the money in a Roth IRA grows tax free, so why would I want a 529 instead?
View ArticleI would like to begin (or increase) my savings for retirement. What types of...
ect.) might be best for my personal situation? Could someone explain the plan that is more important and why this plan is best for me.
View ArticleGenerally speaking, do most 401k plans allow the participant to invest in...
And by individual stocks, I don’t mean the company’s stock. I’m talking about non-employer stocks traded on an exchange. In addition, do most 401k plans allow the participant invest in any mutual fund...
View Article401k, Can the government change the tax rate on 401k plans in the future?
I know that the government has changed the distribution age several times in the past on 401k plans but I was told that the government could change the tax rate anytime and for any amount.
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