Why a Roth IRA is considered one of the best financial vehicles
into which you can put your money.
What is a 401K plan and its main benefits.
A 401K is funded with worker’s pre-tax dollars and employers
contributions (if any).
Both the growth of the funds, and the employers contributions
are tax-deferred, which means you only pay taxes when the money
is withdrawn. In that sense, 401Ks are similar to Individual Retirement
Accounts (IRA), where the money cannot be withdrawn until the
age of 59 and a half, except for special circumstances.
401K facts regarding matching contributions, leaving the employer,
borrowing from your 401K plan, and difference between early and
so called “hardship withdrawal.
The general investment options for 401K plan owners.
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Dividend Reinvestment Plans (DRIPs) are one of the best ways to invest for your
retirement, in addition to maxing out your 401k and IRA options. Learn all about the
fundamentals of DRIPs and what these plans are all about. I'm personally a big fan of
DRIPs and hope to share my enthusiasm with you!
DRIPs are a great investment, both in the short run and the long run. This article
discusses the main benefits, especially dollar cost averaging.
Related topics: investment