At year-end 2022, 80% of plans managed by Vanguard offered participants access to a Roth 401(k) feature in addition to a traditional 401(k). For plans that don’t offer a choice, savers who want the benefits of a Roth account are forced to use a Roth IRA, if they meet contribution...
At year-end 2022, 80% of plans managed by Vanguard offered participants access to a Roth 401(k) feature in addition to a traditional 401(k). For plans that don’t offer a choice, savers who want the benefits of a Roth account are forced to use a Roth IRA, if they meet contribution...
I recently rolled over a 401k plan from my former employer-sponsored plan into a Rollover IRA at Vanguard. Rolling a 401k into an IRA is not difficult, but it takes a little time and preparation. I put together this visual guide to walk you through the process of doing a401k rollover in...
Unless Vanguard happens to be the investment company your employer has chosen, you may not have access to Vanguard Funds. That’s OK…. …Most 401k plans will have a least one Index Fund option. Look for that. When you leave your employer you can roll your 401k into an IRA preserving i...
When you need asset protection and estate planning for passive and active investments, you need an offshore trust or an offshore foundation. These entities are similar, but the trust has a lot of advanced features compared to a foundation. For a comparison, see:Offshore Trust or Panama Founda...
Roth IRAs can be extremely inexpensive. There is no fee at all to open one at Vanguard. They also have no closing fees. The expense ratio for investments can be as low as 0.05% a year. Try comparing that to the typical whole life policy. The insurance policy not only has a number of...