Blogs

Having a good credit score is essential for financial success, as it plays a critical role in determining your eligibility for loans, interest rates, and even job opportunities. But did you know that your 401(k) can be a powerful tool in improving and repairing your...

What is a Contingent Beneficiary? If you have a will, policy, or trust, it's essential to name a primary heir as well as a secondary or contingent beneficiary. This is a backup plan - someone who will receive your estate if the original heir isn't able to inherit, for...

A Simplified Employee Pension or SEP plan lets small business owners make tax-free contributions toward their employees’ retirement account, but SEP IRA accounts can also offer significant tax savings on income. A Simplified Employee Pension or SEP plan lets small...

Do you know that the thrift savings plan is the world's biggest retirement plan? Let's explore this popular retirement plan in greater detail. What is Thrift Savings Plan (TSP)? For those working for the federal government, there is a retirement saving and investing...

An Individual’s financial future significantly depends on creating or taking part in a retirement plan. Knowing all the options for designating a beneficiary is also crucial to the planning. When picking beneficiaries for retirement benefits, one must take into...

Do you want to save money on taxes and boost your retirement savings? If yes, you’ve come to the right place. Mega backdoor Roth is the perfect tool for getting around the tax rules preventing you from accessing the benefits of a Roth account due to falling into the...

Most people wish for the success of their family, while others go about creating it together. With the stock market fall wiping out the savings of millions, it sounds like the perfect time to build wealth with the people you trust the most. However, running a business...

Retirement planning for women looks different than it does for men. It accounts for several factors that affect women more. These may include career years lost to becoming a stay-at-home mother or the additional years women live. Read this article to find out how you...

If you are considering quitting or changing jobs, you’ll need to think about what you will do with your old 401(k) plan. Below are some options but these options depend upon the plan documents of your current plan and any new employer plan you may join. In this...

If you are short on funds to deal with an emergency, you may have considered withdrawing from your 401(k). You must know that you cannot simply make a withdrawal from your 401(k) any time you'd like. A 401(k) retirement account is typically designed to allow you to...

What is a Crypto IRA? Also referred to as Bitcoin IRA, Crypto IRA is a self-directed IRA, which allows you to invest in Cryptocurrency and other asset classes such as real estate and precious metals – the alternative assets that are not available with traditional...

A Roth IRA is an excellent tool to put away money for your retirement. However, like all other tax-advantaged retirement plans, there are some rules regarding the taxation of contributions and withdrawals. There are income limits for participating in these plans and...