IRA vs 401k

Retirement Options

Retirement

Covid 401k withdrawal 2021 – what you need to know

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PENSION savers needing access to their 401k cash can make penalty-free withdrawals during the Covid crisis. We explain who's eligible and the risks you need to be aware of. 1Retirement savers can withdraw 401k cash during the Covid crisisCredit: Getty What is a 401k? A 401k allows you to dedicate a percentage of your pre-tax salary to a retirement account. Employers can also … [Read more...] about Covid 401k withdrawal 2021 – what you need to know

Exactly How I’d Invest $5,000 if I Had to Start From Scratch Today | Personal Finance

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With a mere 0.2% annual fee and almost no turnover, the Invesco S&P 500 Equal Weight ETF has a good combination of low fees and low churn that give index funds their edge. All in all, there are lots of reasons to believe that ETF has what it takes to be worth owning as a reasonable first investment in any investor's long-term portfolio.Why all at once?While $5,000 is a … [Read more...] about Exactly How I’d Invest $5,000 if I Had to Start From Scratch Today | Personal Finance

Exactly How I’d Invest $5,000 if I Had to Start From Scratch Today

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After you've been at it for long enough, investing ends up a bit like golf -- you play the ball as it lies. You have money invested in certain ways in certain account types. When it comes to moving money across account types or between investments within brokerage accounts, there's only so much you can efficiently do. With that in mind, it makes sense to get a good start so … [Read more...] about Exactly How I’d Invest $5,000 if I Had to Start From Scratch Today

Differences between Roth vs. traditional 401(k)

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When saving for retirement, investing in either a traditional 401(k) or a Roth 401(k) is a smart idea if your employer offers one. But they aren't exactly the same. Each type comes with its own pros and cons.The main, and most well-known, difference between a traditional 401(k) and a Roth 401(k) is the time at which your money is taxed, but there are other factors to consider … [Read more...] about Differences between Roth vs. traditional 401(k)

How Do 529 College Savings Plans Work and Are They Worth It?

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pixelfit/Getty ImagesThe college admissions and financing process is nothing short of daunting for many Americans. With costs of higher education skyrocketing, particularly for private institutions, it’s never been more important to start saving for college as early as possible. The 529 college savings plan is one of many financing options you may have heard about or … [Read more...] about How Do 529 College Savings Plans Work and Are They Worth It?

4 Target Date Fund Pitfalls to Avoid in Your Retirement Account

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Eight in 10 401(k) savers are invested in target date funds (TDFs). That's according to Vanguard's "How America Saves 2021" report, an in-depth look at 401(k) plans and how U.S. workers are preparing for retirement. The growing popularity of TDFs isn't surprising. More 401(k) plans are adopting automatic enrollment, which selects TDFs for plan participants by default. TDFs are … [Read more...] about 4 Target Date Fund Pitfalls to Avoid in Your Retirement Account

Does fossil fuel investing result in dirty money? » Albuquerque Journal

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.......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........SANTA FE, N.M. — In 2017, the Guardian reported on a study by the Climate Accountability Institute that found that 100 companies are responsible for 71% of the world’s emissions. Not … [Read more...] about Does fossil fuel investing result in dirty money? » Albuquerque Journal

Olympic Gold Medal Rekindles Debate on Israeli Civil Marriages

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By Ira Sharkansky Ira Sharkansky JERUSALEM — Artem Dolgopyat won a gold medal for Gymnastics, and became a national hero. Both the President and the Prime Minister telephoned their congratulations. Bibi also weighed in with a good word, but made an error of doing it on Shabbat. That got a bad reception from ultra-Orthodox Knesset Members. Dolgopyat appeared on television as a … [Read more...] about Olympic Gold Medal Rekindles Debate on Israeli Civil Marriages

CAPITAL IDEAS: You’re not as rich as you think you are

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“If you have a tax preparer, you do not have a tax planner.” —James Pollard’s CPA “Tax preparation is focused on getting this year’s tax return prepared and to the IRS … it’s all about what happened this last year. Let’s get it done and move on … the contrast to that in tax planning is taking a forward-looking approach to saying, ‘what can we proactively do to make sure that … [Read more...] about CAPITAL IDEAS: You’re not as rich as you think you are