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+623-882-9968
Celebrating Over 21 Years of Excellent Service

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What Happens if you Contribute Too Much to a 401(k)

What Happens if you Contribute Too Much to a 401(k)

Maxing out your 401(k) contributions is a good thing. It means that you are making the most out of your employer-sponsored retirement account to enjoy worry-free golden years. Over contributing to your 401(k) isn't allowed, but it's easy to do it by mistake. If you...

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Understanding Marginal VS Effective Tax Rate

Understanding Marginal VS Effective Tax Rate

What is Marginal Tax Rate? An effective tax rate is the share of total income that an individual or business pays in taxes. It simply points out how much tax is paid compared with the total income, giving a straightforward view of the burden of tax. Formula to...

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Pension Rollover to IRA: Rules, Pros, Cons and More

Pension Rollover to IRA: Rules, Pros, Cons and More

Can you roll over a pension plan into an IRA? Yes, provided it meets two criteria: the pension plan is a "qualified employee plan" (if you've been deferring tax on your contributions, your plan is most likely a qualified plan), and you must have left the company or...

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How Can I Get My 401(K) Money Without Paying Taxes

How Can I Get My 401(K) Money Without Paying Taxes

How are 401(k) withdrawals taxed? When you take distributions from a regular or traditional 401(k), they are treated as normal income and subject to income tax. Since your contributions to traditional 401(k) were paid with pre-tax dollars, you are liable to pay taxes...

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401(K) Rollover to IRA

401(K) Rollover to IRA

If you have changed jobs, it's important to understand the several options you have with your old 401(k) retirement account. Typically, you have four options: You can cash it out Leave it as and where it is Transfer it into your new employer's 401(k) plan (if one...

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When Can You withdraw from 401(K)?

When Can You withdraw from 401(K)?

401(k)s are tax-advantaged retirement savings accounts, and many Americans pour money into them every year. Generally, if you withdraw from your 401(k) before age 59 ½, you are likely to attract income tax and a 10% penalty on the amount that you withdraw, in addition...

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Retirement Withdrawal Strategies

Retirement Withdrawal Strategies

Retirement planning is important if you want to retire comfortably and achieve your retirement goals. A key part of retirement planning is deciding between which retirement withdrawal strategies i.e. which is the best for you and how different factors affect your...

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What’s the Average 401(k) Balance by Age?

What’s the Average 401(k) Balance by Age?

When you are young, retirement planning is something that you can easily put off to worry about later. After all, everything sorts itself out in the end. But, if it doesn’t, what’s your plan? If you don’t have a plan, you will put yourself and your family in a less...

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