How the Roth 401(k) and the Roth IRA Compare
The Roth 401(k) and the Roth IRA are two common and popular retirement vehicles. But a lot people get confused about these plans – so which one is right for you? Roth IRAs A Roth IRA is an individual retirement account that lets you set aside after-tax income up to a specified amount each year. […]
8 Ways to Build Wealth as a Couple
When you commit to a long-term partnership or marriage, you’re essentially committing to join forces to work towards shared goals and to build a future together. But research shows that many couples struggle with openly discussing finances and planning their financial future as a team. According to the “Everyday Wealth in America” 2022 report, only […]
Bridging the Gap: How to Retire Before Claiming Social Security
Planning to retire before claiming Social Security can be a smart move, but it also comes with unique financial challenge that many retirees overlook until it’s too late. If you’re considering retiring before your Social Security benefits kick in, your financial portfolio needs to be structured strategically to bridge this income gap. Otherwise, you risk […]
7 Hidden Roth IRA Features You’re Probably Missing
When planning for retirement, the Roth Individual Retirement Account (IRA) stands out as a powerful and flexible investment vehicle. Unlike traditional IRAs, Roth IRAs are funded with after-tax dollars, which means that while contributions are not tax-deductible, qualified distributions in retirement are tax-free. This unique feature, along with the absence of required minimum distributions (RMDs), […]
The Reality of How Much Income You Need to Buy a Home
Are you one of the millions who are dreaming of owning your first home, but wonder if your paycheck could ever make this a reality? You’re not alone. The home buying landscape has shifted dramatically with today’s record-high prices and high interest rates. Let’s look at how much income you’ll actually need to buy a […]