Erollover Blog

The lack of health insurance is one of the biggest reasons more people don't retire before age 65. In addition, many Americans reach retirement age woefully unprepared for the medical expenses they'll face. Establishing an HSA, or Health Savings Account, is one solution that can be used to build up money for medical expenses incurred during retirement. Read More »

The examples below illustrate that the tax liabilities of comparable 401k and Roth IRA contributions are equivalent. In general, the 401k contribution is made in pre-tax dollars, and while you pay taxes on the value of the account at withdrawal, you are essentially only paying taxes on the contributions – earnings are effectively tax-free. A Roth contribution is made in after-tax dollars – you pay taxes on the contribution up-front, and its earnings are also tax-free. The key to comparing after-tax returns on a 401k investment to a Roth is to be sure that the contributions you are comparing involve the same amount of pre-tax income. 401k plan, roth ira, after tax, tax rate, roth ira contribution Read More »

Being Cheap with Life Insurance can Cost you later! Don’t get too cheap! Please do not get rid of your Life Insurance to conserve cash! Life Insurance is not something that you should put off to save 40 or 50 bucks a month. Not having Life Insurance for your family is putting them at great possible financial peril. Read More »