by Robert Sechrist | Dec 27, 2021 | financial planning, Investments, Money, Taxes
If you are age 59 1/2 or older, you can start withdrawing from your 401(k) without triggering the early withdrawal penalty.(GETTY IMAGES) New retirees need to decide what to do with the money in their company-sponsored 401(k) plan. You can generally maintain your...
by Robert Sechrist | Jun 21, 2021 | Taxes
Tax planning is one of the best things you can do to keep more money in your pocket in retirement. There are specific things to consider when planning for your taxes in the future. Getty Images Long-term tax planning is one of the best things you can do to boost your...
by Jason Sechrist | Jun 17, 2021 | Taxes
Roth 401(k)s are similar to regular 401(k)s except that contributions to the Roth account go in after-tax, and withdrawals in retirement are tax-free. Many or all of the products featured here are from our partners who compensate us. This may influence which products...
by Robert Sechrist | Jun 14, 2021 | Taxes
The perks of self-employment are plenty, but there’s at least one significant drawback: the lack of an employer-sponsored retirement plan like a 401(k). Enter the solo 401(k), or what the IRS calls a one-participant 401(k). Designed for self-employed workers, a solo...
by Jason Sechrist | Jun 10, 2021 | Taxes
Know your bracket, how key tax ideas work, what records to keep and basic steps to shrink your tax bill. Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product...
by Jason Sechrist | Mar 25, 2021 | Taxes
It could get you more financial relief Carmen Reinicke@CSREINICKE Steven Heap/EyeEm/Getty Images Tax season is coming up, and this year, in particular, there’s a big reason for everyone to file a return, regardless of how much money they made last year. That’s because...
