My wife and I both turn 40 this year. We have about $300,000 saved in our retirement plans.
Saving more always seems to rank in the top five resolutions for the New Year.
Should I Invest In A Roth Or Traditional IRA? My standard answer is; it depends.
I don’t know what Congress is planning to do regarding tax changes.
You may have a 401(k), a 403(b) which is for nonprofit organizations such as schools and hospitals, a 457 plan which covers state, county and city employees and there is a Thrift Savings Plan for federal employees.
The Common Mistakes Employees Make With Their Retirement Plans
This particular IRA benefits the “at home nonworking spouse”, a term coined by Congress in its infinite wisdom.
Retirement planning should start with your first job.
This is a good time to start your tax planning for this year.
Close to 48 million taxpayers take the time to fill out all those formidable long 1040s and use their deductions, over $1 trillion in deductions.