Annual Financial To-Do List

Things you can do for your future as the year unfolds.  What financial, business, or life priorities do you need to address for the coming year? Now is an excellent time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to managing your taxes.…

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Understanding Roth 403(b) plans

Roth 403(b) plans are offered to employees in education, non-profit organizations, and certain religious organizations.  These plans are a hybrid of traditional 403(b) plans and Roth IRAs, and they were introduced 2001 to help offset some of the economic effects of a recession. Key aspects of Roth 403(b) plans: Roth contributions are post-tax contributions meaning…

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Understanding 457 Plans

457 plans are offered by state and local governments and some non-profits. These are pre-tax accounts; just like 401(k) and 403(b) plans, contributions come from your paycheck before income tax is withheld, but you will pay taxes when you withdraw the money in retirement. But in the meantime, the account is allowed to grow tax-free.…

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