Given the variety of retirement accounts that a small business can offer its employees, it's understandable if you are confused about which one is the right plan. It probably doesn't help that, if you've ever looked at 401(k) accounts, you've seen some labeled as "Roth" and others labeled as "traditional." What exactly distinguishes a Roth 401(k) from a traditional 401(k)?The … [Read more...] about Roth 401(k) vs. Traditional 401(k): Which Is Better?
Roth IRA
Should you use a 529 plan?
LEXINGTON, Ky. (WKYT) - Many parents and grandparents save with the goal of assisting their family down the line. College funds are a popular way to provide for your children and grandchildren, but are 529 plans the way to go? Independent financial planner Josh Smith of Strategic Wealth Designers joined us on the newscast to discuss 529 plans and potential alternatives.“A 529 … [Read more...] about Should you use a 529 plan?
How to Succeed at Investing: 5 Tried-And-True Tips
SAN JOSE, Calif., June 8, 2021 /PRNewswire/ -- It seems like there's never a shortage of slick financial "gurus" who claim they've just discovered a foolproof investing method that's guaranteed to provide high returns with no risk. But if someone tries to get inside your pocketbook by making those kinds of promises, you'd better run the other way. The truth is that there's no … [Read more...] about How to Succeed at Investing: 5 Tried-And-True Tips
Since 2008, this has been the biggest signal for stock direction. Here’s where it’s telling investors to go now.
MARKETWATCH FRONT PAGE Our call of the day says a single indicator is telling them which stock sectors are the best bet right now. See full story.Billionaires including Jeff Bezos and Elon Musk avoided paying federal income taxes in some years, report says Billionaires including Amazon founder Jeff Bezos, Tesla founder Elon Musk and media titan Michael Bloomberg have avoided … [Read more...] about Since 2008, this has been the biggest signal for stock direction. Here’s where it’s telling investors to go now.
Vigilance Pays as Retirement Savings Rules Evolve
John Grobe The semi-famous quote, “eternal vigilance is the price of liberty” is sometimes misattributed to Thomas Jefferson – but whoever first uttered the phrase long ago was providing some pretty good advise to retirement savers of today. Our vigilance can manifest itself in our paying attention to our savings; both how much we set aside and where we put it. There’s a … [Read more...] about Vigilance Pays as Retirement Savings Rules Evolve
Masks off at work? Cal/OSHA proposes looser rules
Good morning. I’m Rachel Schnalzer, the L.A. Times Business section’s audience engagement editor, back with our weekly newsletter. Mask-optional workplaces are almost here, as long as a proposal from California’s workplace safety agency gets final approval. Newsletter Your guide to our new economic reality. … [Read more...] about Masks off at work? Cal/OSHA proposes looser rules
Avoid These Beginner Investing Mistakes
Editorial IndependenceWe want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.Tori Dunlap is 26 years old and on track to retire earlier than people twice her age — in fact, if she wanted to, she could retire … [Read more...] about Avoid These Beginner Investing Mistakes
Here’s what you should know
Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.The easiest way to start saving for retirement is through an IRA, but which type of account you choose can make a big difference in just how much money … [Read more...] about Here’s what you should know
Alpha Wealth Group founder Tom Fortino: Why you should open a Roth IRA – WGN Radio
Alpha Wealth Group founder Tom Fortino: Why you should open a Roth IRA WGN Radio … [Read more...] about Alpha Wealth Group founder Tom Fortino: Why you should open a Roth IRA – WGN Radio
How Biden’s budget plan could improve Social Security customer service
zimmytws | iStock | Getty ImagesPresident Joe Biden's 2022 budget could give the Social Security Administration a $1.3 billion — or 9.7% — boost in funding.In total, the president is calling for $14.2 billion for the agency for fiscal year 2022.The proposed increase comes as the Social Security Administration expects to pay more than $1.2 trillion in both Social Security and … [Read more...] about How Biden’s budget plan could improve Social Security customer service