The Pros and Cons of After-Tax 401k Contributions

After-tax 401(k) contributions are unfamiliar to most people since employers don’t typically offer the option. But, some employers do, and after-tax 401(k)’s may be gaining in popularity. We were inspired to write about the topic based on the following question from a reader named Josh: “I just started a new job this week and on the 401(k) […]

Published or Updated: March 4, 2016

Transform Your Retirement with Low-Cost 401(k) Platforms

Bill Ryan

“My employer’s 401(k) choices stink!” It is a complaint heard all too frequently on personal finance forums and among coworkers, especially when it comes to small businesses – and for good reason.  Small business 401(k) plan menus often consist of expensive, actively managed funds that may not have been updated in years, offered by huge […]

Published or Updated: February 26, 2016

Non-Deductible IRAs and IRS Form 8606

We recently received a reader question about non-deductible IRA contributions, and it got us thinking. Here’s the question: “My first question pertains to non-deductible IRAs. I have a rollover IRA from a previous 401K. Due to my income, if I ever decided to make additional contributions to this “traditional” IRA, it would have to be […]

Published or Updated: February 26, 2016

7 Things to Know About the Military’s New Retirement Plan

Mark Hull

The views expressed in this article are those of the author only, and do not necessarily reflect those of the U.S. Army or Department of Defense.  President Obama signed the 2016 National Defense Authorization Act (NDAA) into law on November 25, 2015. Before both houses of Congress approved the bill, a large part of the […]

Published or Updated: February 9, 2016

Which Retirement Calculator is the Best?

If you don’t know exactly what you’re “retirement number” is, saving for retirement is like chasing a moving target. Your retirement number is either a desired monthly income or the size of a retirement portfolio necessary to produce that level of income. We’ve identified five popular calculators that can help you determine your number. We’ll run a set […]

Published or Updated: March 14, 2016

What If You Over-Contribute to a 401(k) or IRA?

We recently got this interesting question from a reader named Jeff: I know the IRS limit for 401k contributions is currently $17.5k / yr. What I want to know is what actually happens if I contribute more than that, say $20k? Do I get a stiff penalty?  Do I go to 401k jail?  Is this […]

Published or Updated: December 15, 2015

Income Investing in Retirement — The Pros and Cons

Income investing in retirement has a lot of initial appeal. Rather than selling shares of a mutual fund or stock, one can instead live off of dividends from stocks and interest from bonds. This approach feels much safer than actually selling part of your investment. The reality of income or dividend investing, however, is not […]

Published or Updated: December 5, 2015

What Percentage Of Your Income Do You Really Need In Retirement?

In planning for retirement, you need target numbers. Numbers such as how much money you’ll need to have saved by the time you retire, how much you’ll have to contribute each year in order to reach that goal, and how much you’ll have to earn on your money between now and then. But before you […]

Published or Updated: November 4, 2015

Maxing Out Retirement Accounts: How Rich Could You Be?

Everywhere you look, experts are telling you to contribute to your retirement accounts. Whether it’s advice from newspapers, blogs, financial planners, or friends, any advice that is worth taking must include planning for retirement. Why? Because it’s that important! Over time, setting aside a small portion of your monthly income can mean the difference between living a comfortable retirement and […]

Published or Updated: May 2, 2016

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