Category: 401K
While completing my tax return 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 …
This is the second of a multi-part series on retirement accounts for self-employment income. I previously gave an overview of SEP IRAs. In this article, I’ll provide an overview …
This article has been updated for 2022. The IRS has announced the 2022 maximum 401K contribution limit for employees, which is the max that workers can legally contribute to …
This article has been updated for 2022. Every time I think I have maximized my retirement savings in a given year, I discover a new way to push it …
A few weeks back, I was having a chat with a younger friend who raised the following: “I was hoping to talk about 401K vs saving money to have …
I was having lunch with a co-worker a while back, and the exhilarating topic of retirement accounts came up. Our employer offers a generous 50% 401K match, which led …
401Ks “suck”. But only in comparison to what they’ve replaced. And given that they are the standard today, you would be wise to make the most of your 401K, …
So, you have a 401K. Congratulations! (many don’t) What’s next? You have to decide how much you would like to contribute, of course. And this crucial stage is where …
