Fill out your personal information – Provide your name, address, phone, email and social security number or Tax ID. Fund the account/transfer funds – Transfer funds electronically from an internal account here or an external account at another bank. Start earning interest from Day 1 of your ...
Using this formula, a worker earning $75,000 per year who saves at least $4,500 in a 401(k) plan could get another $2,250 from his or her employer in matching contributions. Max out your IRA. You can contribute up to $5,500 to an IRA in 2014, which jumps to $6,500 if you...
While traditional 401(k) plans allow you to defer paying income tax on your retirement savings, some employers additionally provide an after-tax Roth 401(k) option. “Pretax contributions will reduce your income now, so it is often better to do this during your high-income earning years,”...