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Important RMD Changes for 2021 - 401k Maneuver
Important RMD Changes for 2021 – 401k Maneuver

There are important RMD changes for 2021 that every 401(k) investor needs to know about to avoid penalties.  Required minimum distributions (RMDs) are IRS-mandated withdrawals from retirement accounts.  The IRS requires these withdrawals to ensure that taxes are paid on amounts that were contributed on a pretax basis, plus any tax-deferred earnings in those accounts…

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Should You Make Roth or Traditional 401K Contributions?
Should You Make Roth or Traditional 401K Contributions?

I get lots of questions from readers about whether or not they should take advantage of their Roth 401(k) (or 403(b)) option. They’re usually looking for an easy, straightforward answer. Unfortunately, it isn’t that easy. I only have one rule of thumb, and that’s that residents (and military docs) should make Roth contributions and attendings…

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Using A 401(K) To Start A Business | 401K Franchise Financing
Using A 401(K) To Start A Business | 401K Franchise Financing

(This guest post is about using a 401(k) to start a business. It’s another form of franchise financing you need to explore. And it’s courtesy of Guidant Financial-I’m an affiliate.) If you’re looking to buy a franchise to fulfill your dreams of entrepreneurship, your first thought may be that you’ll need a small business loan.…

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7 Disposable Income Mistakes to Avoid - 401k Maneuver
7 Disposable Income Mistakes to Avoid – 401k Maneuver

If you have income left over after paying taxes, it’s important to avoid common disposable income mistakes. However, there is a big difference between disposable income and discretionary income. Disposable income is your personal income minus your current personal taxes. For example, if you make $60,000 a year and pay 20% in federal, state, and…

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Is A 401K Enough To Retire On?
Is A 401K Enough To Retire On?

Answering the question of whether or not “401k is enough to retire” is rather dicey since it is influenced by many factors. However, I can assure you that it is better to plan than no plan at all as the cost of the latter is always greater than the former.  For those you may be…

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