Like any investment account, rebalancing your 401(k) or 403(b) retirement plan is an important part of a successful strategy. Without periodic rebalancing, your asset allocation (the percentage of […]
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 plans typically used […]
The Simplified Employee Pension (SEP IRA) is a type of a Traditional IRA typically adopted by small business owners (sole proprietors, partnerships, C and S corporations), and the […]
Can I contribute to more than one retirement plan? This is a common question for individuals that are not employed full-time in their business – independent consulting is a common example. If you are […]
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 best suited for […]
Most working Americans save for retirement using an employer-sponsored retirement plan like a 401(k). Their pre-tax contributions reduce their taxable income in the current year while their […]
The IRS has released the 2017 contribution limits and other guidelines in preparation for the New Year. Although many of the most common thresholds are unchanged, there are some to make note of.
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 IRA offers unique […]
Should you wait to claim Social Security benefits? From the ages of 62 to 70, Social Security payments increase a certain percentage for every year that the benefits are delayed. After you reach full […]
This article was originally published on U.S. News by Kristin McFarland, Wealth Advisor at Darrow Wealth Management.