SEP IRA
Many high-income self employed professionals such as doctors and lawyers are often faced with the problem of saving enough for retirement. Because of their high income, many of these professionals…
IRA Plan Descriptions
Below is a brief description of the most popular IRA accounts. More details are available for each IRA type. IRA: An IRA, or Individual Retirement Arrangement, is usually set up…
401k Required Minimum Distributions (RMD)
Are you required to take the Required Minimum Distribution (RMD) from a 401K if you are still actively employed? Answer If you continue to work beyond age 70 1/2, and…
401k Loans
If you are currently employed and your 401k plan does not allow for in-service 401k withdrawals then a 401k loan might be a good idea as there are no early…
401k Contribution Limits
Below are the maximum 401k contribution limits, 401k employee deferral limits for this year as well as the maximum catch up 401k contribution you can make if you are 50…