Understanding Roth 401(k) Plans

Roth plans are a hybrid offered by employers that combine traditional 401(k) aspects with Roth IRAs.  They are a relatively newer type of plan, created in 2001 to offset some of the economic effects of the recession of the time. Employers since 2006 have been able to amend their Traditional 401(k) plans to let participants…

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Retirement Questions That Have Nothing to Do With Money

Retirement Questions That Have Nothing to Do With Money Think about these factors before you leave work for the last time.     Retirement planning is not entirely financial. Your degree of happiness in your “second act” may depend on some factors that don’t come with an obvious price tag. Here are some non-monetary factors…

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Is Your Money Really Going Towards Your Goals?

Is Your Money Really Going Towards Your Goals? Tracking where your money is spent is the first step to creating a budget. A budget finds the balance between your needs and wants, your present and future, and your current enjoyment and your long-term goals. [1] Budgets are the roadmap to how you will fund your…

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Building a Healthy Financial Foundation

Building a Healthy Financial Foundation How many pieces do you have in place?     When you read about money matters, you will sometimes see the phrase, “getting your financial house in order.” What exactly does that mean?   When your financial “house is in order,” it means it is built on a solid foundation.…

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