Most people working at private companies have a 401(k) plan, and that's it. Those who work at educational institutions or non-profits often have a 403(b) plan, which works more or less the same as a 401(k) plan. Some state or local government or [...]
Roth 401k Makes People Have More Money To Spend In Retirement
Reader Joel left a comment on my blog post The Case Against Roth 401(k) and asked about a study by Harvard and Yale professors which concluded that Roth 401k makes people have more money in retirement than Traditional 401k. The study was done with [...]
2017 2018 401k 403b IRA Contribution Limits
[Update on Oct. 19, 2017: The IRS officially announced the new limits in Notice 2017-64. All my projections matched the official announcement.] Although inflation continues to be low, it was enough to finally push up the 401k and 403b contribution [...]
My Smartest Financial Decision
This post is sponsored by Alliant Credit Union, where I’m a customer. All opinions are strictly my own. I made many financial decisions all these years, some smart, some disastrous. Thinking back, I would say my smartest financial decision was [...]
What If You Invest In Actively Managed Funds?
You probably heard lately investors found religion in indexing. Money is coming out of actively managed funds and going into index funds and ETFs. After Vanguard's Personal Advisor Services and Schwab's Intelligent Portfolio, Fidelity also came out [...]
Age 55 No-Penalty Withdrawals From 401k Plan
As we all know in general you can't withdraw from retirement accounts before you are 59-1/2, otherwise you'd have to pay a 10% penalty. If you retire early and you want to use the money in retirement accounts before you are 59-1/2, there are some [...]
2017 401k 403b IRA Contribution Limits
[Update on October 27, 2016: The IRS announced the 2017 contribution limits for various retirement plans and IRAs. It confirmed everything projected here back in August.] Inflation is very low this year. For the most part, the limits in 2017 will [...]
Backdoor Roth: A Complete How-To
Although I believe a traditional deductible IRA is often better than a Roth IRA, a Roth IRA is still better than a taxable account if you aren't eligible for a deductible contribution to a traditional IRA. When you aren't allowed to contribute to a [...]
2016 401k 403b IRA Contribution Limits
The government released the official CPI numbers. They determined the 2016 contributions limits for various retirement plans and IRAs. Inflation is very low this year. For the most part, the limits in 2016 will stay the same as in [...]
