If you have just inherited a traditional IRA, SEP IRA, Roth IRA, 401(k) or 403(b) plan from a parent, sibling, or relative, you may be unsure about what your options are and what to do next. As a […]
Updated for 2019. In personal finance, there aren't too many universally applicable hard and fast rules. Although some might reasonably argue that always maxing out annual pre-tax contributions to a […]
How is a 403(b) different from a 401(k)?
Updated for 2019. One of the most common ways Americans save for retirement is through a 401(k) plan offered at work. As 401(k) plan assets typically represent a considerable amount of an […]
Updated for 2019. Self-employed business owners have a few options when it comes to saving for retirement. The most common retirement plans for small business owners are the SEP IRA and Solo 401(k), […]
Updated for 2019. The Individual (or Solo) 401(k) plan is very similar to a Traditional 401(k) plan, only designed for business owners with no employees. Compared to the other types of retirement […]
Updated for 2019. Self-employed business owners have several retirement plans to choose from, and for small companies, the SEP IRA and Individual 401(k) are the most common. Determining which plan is […]
Updated for 2019. After changing jobs you may find that your 401(k) has stayed with your old employer. As you consider your options, you may consider converting an old 401(k) to a Roth IRA. A Roth […]
This article was originally published on U.S. News by Kristin McFarland, Wealth Advisor at Darrow Wealth Management.