nada, zilch. They understand this, and appreciate it. They’ve come to rely on our consistent congruency when it comes to keeping their agenda #1. And their agenda is a magnificently abundant retirement. We make use of what i’ve
Since 20% of that traditional IRA actually belongs to the government, the “Stocks in Roth” approach was really an asset allocation of 56/44 and the “Bonds in Roth” approach was really an asset allocation of 44/56. Which one do you expect to have a higher expected return? The one w...
Joe Udo
3. Offers both Roth and traditional accounts Solo 401(k) accounts can be traditional or Roth accounts, which give you control over when you pay taxes, your contributions, and your distributions. 4. Loan Provisions One unique benefit of 401(k) plans is that they commonly include loan provisio...
Ultimately, this article is for educational purposes only. I don’t know your situation, and this isn’t financial advice. Always consult a qualified financial professional for specific guidance. In general, however, a Roth IRA is a better choice if you think your tax bracket will be higher ...
Don’t listen to find out the answer. Listen to learn the process to use to come up with your own answer. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN LISTENER QUESTIONS [2:03] Does it make sense to switch to a Roth 401K ...
Incidentally, this is why you should never borrow from a Roth 401(k). A Roth account is funded with after-tax dollars, but the account grows tax-free. That means, in the example above, Sarah gets to withdraw the full $100,000 if she waits an extra decade. ...
If you can't contribute to a Roth IRA or want to contribute more than what the IRS allows you to do for the Roth IRA, the only other option you have is cash value life insurance, which we generally use Indexed Universal Life (IUL) for our preferred vehicle. ...
The limit on IRA contributions for tax years 2024 and 2025 is $7,000. Roth IRAs also have income limits based on your tax status. Single filers cannot have a modified adjusted gross income (MAGI) of more than $161,000 in 2024 and $165,000 in 2025 to contribute to a Roth IRA. For ...
Typically, yes. 401(k) accounts are funded with pre-tax dollars and therefore have adeferred tax liability. That means that investment gains and income - including annuity income - would be taxed at your income tax bracket at the time. If the annuity sits in aRoth 401(k)that is funded ...