By Jeffrey Dixon, MBA, CISP, SDIP Are you self-employed and have no full-time employees, other than yourself? If your answer is “yes”, consider opening a Solo 401k account. Self-Directed 401k options make this retirement account very beneficial for self-employed people. Self-Directed 401k options include: High contribution limits The Solo 401(k) allows a business contribution and…
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You might be interested in investing in precious metals with your 401k plan, and this is why you’re searching for ways how you could do so. Gold is the perfect investment for people looking for a secure option that does not correlate with the stock market, which is why this precious metal is so popular.…
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We’re kicking off the week by answering listener questions! And if you have a question that you’d like for us to answer on the show, we’d love for you to submit your own via HowToMoney.com/ask , send us your voice memo. Regardless of how random or bizarre you might think it is, we want to hear it!…
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The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased to $22,500, up from $20,500. The limit on annual contributions to an IRA increased to $6,500, up from $6,000. The IRA catch‑up contribution limit for individuals aged 50 and over is not subject…
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