What is an Individual Retirement Account?

What is an Individual Retirement Account?

An Individual Retirement Account (IRA) is a retirement savings account established with a financial institution or brokerage business that provides tax benefits to persons who invest money for retirement. Like a 401(k) plan provided by an employer, an IRA is designed...
What is a 401(k) Plan?

What is a 401(k) Plan?

A 401(k) is an employer-sponsored retirement saving and investment plan. Employees who contribute to a 401(k) plan receive a tax credit on their contributions. Employee contributions are deducted automatically from their paychecks and invested in funds selected by the...
Why should you set a budget for retirement?

Why should you set a budget for retirement?

Why should you set a budget for retirement?  When it’s time to retire, or if you’ve already retired, don’t forget about one of the most critical aspects of your financial plan: your budget. When you don’t have a stable salary, having a spending...
What Is a Roth IRA?

What Is a Roth IRA?

A Roth IRA is an individual retirement account (IRA) that provides tax-free withdrawals if specific requirements are met. It was named after William Roth, a former Delaware Senator, opened in 1997. While there are no tax benefits in the current year, your...
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