401(k) and IRA contribution

June 30, 2024 No Comments

A: If you contribute to your 401(k) account, you may still contribute to a Roth IRA and/or a traditional IRA. Your 401(k) contribution has no effect on your Roth IRA contributions. You only need to make sure you meet the eligibility requirements for funding a

401(k) and IRA contribution

July 7, 2024 No Comments

A lot of retirement projections seem to assume an 8% rate of return. Is this realistic?

June 30, 2024 No Comments

A: Many financial advisors would feel that an 8% rate of return is too high, and are more likely to work with 4-5% estimated return, depending on the dollar amount that is assumed will be invested.The 8% (or more) rate of return became the norm

A lot of retirement projections seem to assume an 8% rate of return. Is this realistic?

July 7, 2024 No Comments

Annuities: Present Value Versus Future Value

June 30, 2024 No Comments

A: The present value of an annuity represents the sum that must be invested now to guarantee a desired payment in the future, while the future value of an annuity is the amount to which current investments will grow over time. What Is an Annuity?

Annuities: Present Value Versus Future Value

July 7, 2024 No Comments

Are 401(k) withdrawals considered income?

June 30, 2024 No Comments

A: All 401(k) plan withdrawals are considered income and subject to income tax, including capital gains. When you take a premature distribution – a withdrawal before age 59½ from a 401(k), IRA or any other tax-deferred retirement account or annuity – that withdrawal is also

Are 401(k) withdrawals considered income?

July 7, 2024 No Comments

Are 401ks FDIC insured?

June 30, 2024 No Comments

A: The Federal Deposit Insurance Corporation (FDIC) works as a protector for customers when banks and financial institutions fail. The total limit per person is $250,000, and it is applicable to checking accounts, savings accounts and certificates of deposit (CDs). Mutual funds, stocks, bonds, annuities,

Are 401ks FDIC insured?

July 7, 2024 No Comments

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