403(b) vs. 401(k) plans Like a 401(k), 403(b) plans can be funded with pre-tax or after-tax dollars. Pre-tax contributions grow tax-deferred until you withdraw them at retirement, at which point they are taxed as ordinary income. After-tax contributions, also known as Roth contribut...
So, my name is Chris Berry with Castle Wealth Group. And today, we’re going to talk about 403(b)’s. These are near and dear to my heart. Sometimes these are called teacher’s 401(k)s. You don’t have to be a teacher to have one of these, but typically you’re working for ...
The quickest and easiest way to invest in retirement is with a Self-Directed SEP IRA, which allows you to diversify your retirement investing by owning gold not only (but not only) in traditional IRA, 401K, and 403B accounts. This is an ideal retirement solution for anyone who is self-em...
ve always rolled over our accounts to a Fidelity Rollover IRA. Dad and I each have one – collecting all of our previous employer plans into one. They’re at Fidelity because that’s where my first 401(k) was and it’s been convenient. And currently, Dad’s 403(b) and 401(a) are...
-Roth IRA $360 -Liquid Savings $400 Let’s say I’m burnin’ thru approx $5,500/mo. (WTF???) Makes me sick to think we spend that much money each month, but take away about a grand for savings stuff & realize that mortage & private school are investments too (sorta) & things...
As mentioned in my previous article,budgetingshould always be the first step you take in creating a financial plan. The process of making a budget requires understanding of your earning and spending habits. Knowing what you make and invest, as well as your expenses and taxes, are parts of th...
s really no reason why savers need to incur the massive administrative costs of hundreds of thousands of 401k and 403b plans chasing the pretty same group of maybe a few hundred mutual funds. States or the Treasury–or maybe even the Social Security system–should offer every employer a “...
After readingThe Simple Path to Wealth, I felt like I had just left class with my favorite high school teacher. You remember that teacher – the one who had an incredible passion for their subject, who told great stories, but who also explained the most complex topics in a way that you...