Posts By: xcite

How Much Should I Put in My 401(k)

The question of how much should be put into your 401K is a kin to how much should I be putting towards retirement. How much to put into a 401K Most employers match 401k contributions to a certain percentage (often between 3% and 6%). Maximizing the match contribution is essential….
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The Life Insurance Hack

  Oftentimes insurance can get misused. Many people will look at life insurance as a way to save for retirement. While it is true that life insurance can provide assurances that the stock market cannot, it certainly comes at a cost. Not all insurance was created equally. When assessing your…
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3 Keys to a ROTH IRA

  ROTH IRA’s have been around since 1997, but many people still do not utilize this valuable option. Here are three key reasons you should consider a ROTH IRA. While ROTH’s do not provide for current deductibility, earnings grow tax deferred and once qualified may be distributed tax free… Traditional…
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3 Keys to a Traditional IRA

  A long time funding option, IRA’s have evolved in recent years to become more viable. Here are some key things to know when exploring your IRA options: IRA annual contribution limits sat at $2,000 for decades, not adjusting for changes in inflation. About a decade ago they came to…
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3 Benefits of a Solo K

    When you are self-employed you have several options in tax sheltered retirement plans. Here are 3 key benefits of using a SOLO 401K, also known as an Individual 401K: You can defer income at a much larger percentage of your income than through a Traditional IRA. As a…
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4 Benefits of a SEP IRA

  When you are self-employed you have several options in tax sheltered retirement plans. Here are 4 key benefits of using a SEP IRA: You can defer income at a much larger percentage of your pay than through a Traditional IRA. Your investment options run the gambit. You are not…
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3 Keys to Retirement Planning

  Retirement planning should not be taken lightly. Consider for a moment having to go back to work years after retiring, but having to take a minimum wage position because you are no longer qualified for the positions you previously held. Make sure you consider some of the following to…
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3 Keys to Education Planning

  A college education has moved from being a difference maker to being a pre-requisite for a career in most fields. The problem becomes the insurmountable debt that the college graduate then has to endure for the next 15 years. Naturally parents and Grandparents want to help. Here are 3…
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4 Reasons to Start Planning Today

  Planning for your financial future is often that thing that you know you need to do, but no one enjoys. Many people feel fear of not being able to meet the retirement they want. Here are 4 reasons to bite the bullet and start the process: Each year you…
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IRA VS ROTH

You got a raise, paid off debt, and built an emergency reserve. Now you want to start saving for retirement, but you are not sure if you should use an IRA or a ROTH IRA. It really comes down to timing, eligibility, and your goals. Timing The more time you…
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