If you contribute to your 401K account, you may still contribute to a Roth IRA and/or a traditional IRA, as long as you meet the IRA’s eligibility requirements. However, if you wish to contribute to a traditional IRA and take a tax deduction for that contribution, depending on your income, your contribution to your employer’s […]
Tag: 401k
Self-Directed IRA Rules – Self-Dealing
There are many benefits that come with self-directed IRA accounts. Namely tax advantages and the ability to invest in non-traditional investments with your retirement accounts. In order to fully maximize the benefits that come from self-directed retirement accounts, you must follow the self-directed IRA rules and 401k rules. One rule to remember that can be […]
Now is a Good Time to Check Your Retirement
We have talked about retirement extensively but now that it is the beginning of another year it is a wise decisions to step back and evaluate your retirement to make sure you are on track to be retirement ready. Looking over this infographic is a good start. Some of the numbers on the infographic are […]