Category: 401K
This article has been updated for the 2022 and 2023 tax years. My search for the best self-employment income retirement account started with this: while completing my tax return …
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 …
Update: this article has been updated for the 2023 calendar year, with historical data on other years. The IRS has announced the 2023 maximum 401K contribution limit for employees, …
This article has been updated for the 2023 tax year. Every time I think I have maximized my retirement savings in a given year, I discover a new way …
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 …
