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Is a Traditional 401(k) or Roth 401(k) Better?

Since 1978, many large employers offer a 401(k) retirement program allowing their employees to save for retirement with pre-tax income contributions. In 2006, Congress passed legislation that allowed employees to make post-tax contributions with a Roth 401(k) account. While Roth 401(k)s are still relatively new, employers are increasingly offering both retirement savings accounts. Because of[…]

How Much Should You Save For Retirement?

For many, retirement seems like a faint light at the end of the tunnel. For recent college graduates in their early 20’s, it might seem like that light will never get any brighter. Fast forward several decades and that light is nearly blinding. The underlying question is if those reaching the end of the tunnel[…]

Readying for Retirement: Points to Ponder Regardless of your Current Age

We all have to call it a day sooner or later, but for you –hopefully later. We don’t think about retirement that much, except when we talk to people who have been retired for quite some time and are asking them about how well it’s been going so far. Regardless of how old you are,[…]

Is A Roth IRA The Perfect Savings Plan For You?

As far as retirement plans go, a Roth IRA can make the most sense for a lot of people. Both Traditional and Roth IRAs provide a way to shelter your savings from taxes. Typically, when you invest in, say, a mutual fund, you pay taxes on the money you put in and then you pay[…]