Soaring house prices are making it even harder for first-time homebuyers to get into a local property market already desperately short on affordable options. House prices in western Washington are up 16.4% in the year and, with interest rates set to keep rising, mortgage terms are tightening too. Home buying has never been more of…
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In the Spring of 2020, I woke up to find my voicemail full of messages and my inbox full of panicked emails. All these new messages were from old clients and they all had one question, how much money have I lost? With the Federal Reserve dropping interest rates to zero overnight, promising trillions of…
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There are specific rules addressing distributions and rollovers of a Roth 401(k), which combines features of Roth IRAs and a traditional 401(k). We offer an overview of the key considerations. The Roth 401(k) has become an attractive investment account, with investors attracted to their qualified tax-free withdrawals and contributions which receive after-tax treatment. But like…
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401k is a tax-deferred retirement savings plan A 401k is a type of retirement plan in which employees contribute to a fund to receive periodic payments after retirement. 401(k) participants can begin receiving qualified distributions once they reach age 59 1/2, but early withdrawals are subject to taxes and penalties. The best retirement savings plan for you…
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