In a regular 401(k), it's unclear how much tax you will eventually pay.
The Roth 401(k) seems to be cause more confusion than squirrel in a four-way intersection. So let's get started!
It used to be that you would start a job in the workforce (sometimes after graduating college, sometimes not) and stay there for the next 30-40 years. You'd then retire high on the hog with a decent pension and a monthly social security check.
The sheer number of retirement accounts can make anyone's head spin. Once you've opened a specific type of account -- for instance a traditional 401(k) -- it's tempting to just figure you're set. But with more and more employers now offering a Roth 401(k) as well, it's smart to take a step back and consider the potential benefits of each.
It's been a rough winter for most of the country. And, if you think Mother Nature hits hard, just wait a few weeks until Uncle Sam gets a crack at us.
Many people shy away from New Year's resolutions, but setting concrete goals for 2014 can be the start of making some truly positive changes in your life.
With final holiday preparations looming, the last thing anyone wants to think about is next April's tax bill. But if you're over 70-and-a-half and have any tax-deferred retirement accounts (like an IRA), you'd better put down the wrapping paper and listen up.
Because calculating required minimum distributions can be fairly complicated, especially the first time out, you may want to give yourself the gift of a session with a financial planner for your 70th birthday -- or sooner, if possible.
"Can my spouse take money out of his/her 401K before or during our divorce?"...