A 401k plan is typically provided via your employer. It will be possible to create a participation to your strategy out of your income. This contribution can be made either before income taxes or after taxes, dependant upon the options provided using your plan. Sometimes, your employer will match a portion of your participation. After…
Read articleI am scheduled to receive my annual bonus in the next paycheck and have the opportunity to change my retirement account contribution. Should I consider ramping up the contribution in order to lessen the amount that is paid to taxes? I am already paying the ~$800 per paycheck to meet the $19,500 max. If it’s…
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***YOU MUST BE A CITIZEN OF THE UNITED STATES, HAVE YOUR GREEN CARD OR LONG TERM VISA TO APPLY TO THIS POSITION*** YOU CAN WORK FROM ANYWHERE IN THE US FOR THIS POSITION WITHIN THE EST AND CST TIME ZONE. ARE YOU READY TO CONTRIBUTE TO THE FUTURE OF HOW LOGISTICS AND SUPPLY CHAIN COMPANIES INCLUDING…
Read articleMillions of Americans’ retirement savings hit record balances by the end of the fourth quarter of 2020. Likewise, the number of IRA millionaires and 401(k) millionaires also set record highs. Envious? A Fidelity Investments expert offers retirement planning tips for how you can boost your savings too. X First, feast your eyes on the results.…
Read articleHello you sexy mothertruckers! DW and I bought a house at the end of 2020, and moved from CA to TN where we’re no longer paying state income tax (I’m not, at least). This gives me an extra $500ish take home per pay period since I’m not paying CA state income tax. We can round…
Read articleGot a reminder email from Justin at DiscountSolo401k that if the 401k assets were worth $250,000 (or more) on Dec. 31st of 2018 then you need to file Form 5500-EZ by July 31st. Here’s the email: “We’re writing to inform you of a 401k compliance deadline on July 31st, 2019. IRS Form 5500-EZ is due…
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The Government is changing the 401k, 457, 403b, and other retirement programs. So, it will affect you! The changes may sound good by the way they spin the words. But are they? The key changes are in: how the tax deductions will work. Many people, not just the wealthy; those average middle-class workers could be…
Read articleHmm, this is interesting. Seems like it would be better than the current system for anyone in a tax bracket under 26%. For someone in one of the tax brackets above 26% whether it’s still worth contributing would probably depend on how many years of tax-free compounding you will get and your expected retirement tax…
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King of Prussia, PA — (ReleaseWire) — 01/20/2021 — Crash Proof Retirement, LLC continues to soar above and beyond in the financial industry and is pleased to announce that, despite the global pandemic, they matched their employees’ 2020 401k contributions at a rate of 144%. Following an incredibly successful performance in 2020, Crash Proof Retirement…
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