IRA vs 401k

Retirement Options

Retirement

The Roth IRA

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A Roth IRA is a type of individual retirement account (IRA) that offers tax-free growth and tax-free withdrawals in retirement. Unlike a traditional IRA, contributions to a Roth IRA are not tax-deductible. However, all earnings and withdrawals are tax-free. Roth IRAs are named after Senator William Roth of Delaware, who was a key sponsor of the legislation that created them in … [Read more...] about The Roth IRA

Financial Focus: Is Roth IRA better for young workers? | Features

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If you’re in the early stages of your career, you’re probably not thinking much about retirement. Nonetheless, it’s never too soon to start preparing for it, as time may be your most valuable asset. So, you may want to consider retirement savings vehicles, one of which is an IRA. Depending on your income, you might have the choice between a traditional IRA and a Roth IRA. Which … [Read more...] about Financial Focus: Is Roth IRA better for young workers? | Features

401k Tips 2021 — Things to Do to Your 401k If You Wanna Be Rich

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For most of us, including the early 20s version of me, an introduction to retirement savings happens like this: You get your first big job, HR tells you that you’ll be enrolled in a 401(k) program, you say “Great!” and then…you never think about it again. (Okay, fine, you might, but probs not until you’re 35.)Honestly, I do get it—there are few terms less sexy than “retirement … [Read more...] about 401k Tips 2021 — Things to Do to Your 401k If You Wanna Be Rich

Read this, college athletes: What to do with your new NIL money

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The NCAA will no longer prohibit its athletes from making money off their name, image and likeness (NIL), and some are already cashing in. For example, incoming Tennessee State freshman basketball player Hercy Miller signed a deal with web design and coding company Web Apps America for $2 million over four years. It has long been a problem that college athletes — in fact almost … [Read more...] about Read this, college athletes: What to do with your new NIL money