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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 »
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Talk about a glass-half-full, glass-half-empty time. Just when we can be encouraged by news that the recession is over, it's hard to feel happy when so many people remain out of work and unemployment is expected to rise even more before it falls.
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Here's another reason it's hard to feel good about any possible forward momentum: A Hewitt Associates study finds that even though we have talked a good game about the importance of saving during this economic crisis, it turns out that half of all workers continue to cash out their 401(k) plans when they leave or change jobs. Read More »- Let’s talk: Comment (6) | Blog
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The Benefits of Company Stock in a
401k By Mike Rowan, www.erollover.com So how… Read More »
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If you've lost your job--and its 401(k) plan--you may be tempted to put your retirement contributions on hold. Don't.
Stop saving for even a few months and it can be tough to get back into the habit, and it can be even tougher to make up for the lost contributions. "Even when you get a new job, it's easy to tell yourself you can't afford to contribute right away, or to contribute much, and then you'll really fall behind," says certified financial planner Annie McQuilken, founder of Kintyre Financial Advisors in Lexington, Mass.
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When it comes to insurance, there are so many questions left unanswered and so many singles not protecting themselves properly. So Single Edition turned to industry expert Andrew Merkin for some helpful insights. Q: What sort of insurance is best for a single person?
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After the downturn, most portfolios are sagging badly. So I've been working up some really quick and easy workouts to help busy and beginning investors boost the fitness of their portfolios. This workout is about one of the most important and basic tools in the investing toolbox: allocation. It’s time for a quick check-up of how your investment assets are allocated.
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If your company offers a 401(k) plan, you should take advantage of it. Since their inception in 1981, 401(k) plans have made saving for your retirement Read More »
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eRollover would like its readers to understand the potential downfalls for taking a distribution out of your Roth, SEP, SIMPLE, or Traditional IRA. Read More »
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In the very recent past, I know many pre-retiree’s who laughingly exclaimed that they will become a WalMart greeter just to have something to do during retirement. Read More »
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