Debt Reduction and Finance News
Categories:
Money Matters,
Savings Strategy,
Debt Free,
Budgeting,
Retirement Plan,
Retirement Savings,
IRA
Setting Up For Tax-Aware Retirement Success
The government wants their "cut" and one way or another, Uncle Sam will get his money. When you take a disbursement from a traditional 401, IRA or qualified account Uncle Sam will be waiting with a purse in hand to collect the tax on your withdrawal.
The Tax Deferral Myth
When did saving money ‘pre-tax’ become a good idea? Think back; Do you remember the first time you got a job that had a 401(k) type retirement plan? I say type because the 401(k) is not the only option, there are other plans such as 403(b), TSA, ...
Is a Roth IRA Better Than a Traditional IRA?
Retirement accounts can be tricky to figure out. There are a lot of different retirement accounts that you can choose from -- yet, most people couldn't begin to tell you the difference between them. However, knowing how they are different is vital ...
