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Self-Employed Retirement Plans: SEP IRA vs Solo 401K vs SIMPLE IRA
Self-Employed Retirement Plans: SEP IRA vs Solo 401K vs SIMPLE IRA

While completing my taxes in prior years, I started noticing that I would have a not insignificant tax bill due from self-employment and side project income unless I found a way to reduce my taxable income (especially with full-time employment income in the mix). Our (Mrs. 20SF and I file jointly) income levels were beyond…

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What's the Difference Between a Traditional 401k and Roth 401k?
What's the Difference Between a Traditional 401k and Roth 401k?

Saving for your retirement is one of the most important financial hurdles you will be faced with. While there are a number of options including IRAs, chances are you’re most familiar with the 401(k).  401(k) accounts are one of the most popular retirement plans offered by employers for their employees. Made up of a variety…

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How to become a 401k millionaire — without living on crackers and water
How to become a 401k millionaire — without living on crackers and water

Many of us are not ready financially for retirement, yet getting to $1 million is not impossible. Most 401k millionaires got there with steady saving and investing over decades. Getting to retirement with wealth means knowing how to make sure it compounds with minimal risk. Shocking new statistics reinforce a basic truth of the world’s…

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Can I Take a Lump Sum From My 401k When I Retire?

Can I Take a Lump Sum From My 401k When I Retire? Not sure how to withdraw money from your 401k when you retire? Can you take a lump sum? Be sure to fully understand all of your options before deciding to avoid a big tax mistake. Gary,How will my money be given out to…

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What to do with an Old 401k or IRA Account?
What to do with an Old 401k or IRA Account?

What to do with an Old 401k or IRA Account? What happens if you have an old 401k or IRA account from a previous employer? Most Financial Advisors will give you four options: First, just leave your account where it is. This is what most people do when the balance is above $5,000. Is this…

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Ask Bob: Is Maxing Out Your 401k A Good Investment Decision?
Ask Bob: Is Maxing Out Your 401k A Good Investment Decision?

Since the beginning of 401(k) plans in 1978, people have considered it to be the quintessential retirement plan—you get to save money before taxes and in most cases, the company puts money into your account, too. What could be better than that? But now, 44 years later, it’s time to take a broader look at…

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Recent DOL Decision on Private Equity Investments In 401k Plans
Recent DOL Decision on Private Equity Investments In 401k Plans

Investment committees of 401k plans should take heed of the DOL’s concerns raised in the Information Letter and the Supplemental Statement. The key takeaways regarding adding or maintaining an asset allocation fund including PE investments are as follows. This content was originally published here.

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401k to gold IRA rollover guide
401k to gold IRA rollover guide

Disclaimer: We may receive a referral fee from some of the companies featured in this article. This article does not constitute financial advice. Refer to a professional for financial advice, and only invest what you can afford to lose. If you’ve been contributing to your 401k for several years, and have recently left your job…

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