The Power of the Mega Backdoor Roth: A Comprehensive Guide
Unlock the potential of the Mega Backdoor Roth! This advanced retirement strategy lets high-income earners maximize contributions and enjoy tax-free growth. Learn how to implement it today.
Retirement Plans for 30-Year-Olds: Building a Secure Future
Learn how 30-year-olds can kickstart retirement planning with strategies like 401(k)s, IRAs, and HSAs. Maximize savings and secure your financial future with these expert tips!
Roth IRA vs. 401(k): Which Retirement Plan is Right for You?
Roth IRA vs. 401(k): Which is right for your retirement? Discover the pros and cons of each, including tax benefits, contribution limits, and investment options.
401(k) vs. 403(b): Understanding the Differences and Choosing the Right Retirement Plan
Discover the key differences between 401(k) and 403(b) retirement plans. From eligibility and contribution limits to investment options, learn which plan best suits your financial goals and start building a secure future today!
IRS Announces New 401k Limits And New Catch-Up For 2025
For 2025, the IRS has raised 401(k) contribution limits to $23,500, with a new, higher catch-up limit of $11,250 for those ages 60-63. IRA contribution limits remain at $7,000, with a catch-up of $8,000 for those 50 and older. SEP IRAs now allow contributions up to $70,000 or 25% of income. Make the most of these increased limits to maximize retirement savings.
Small Business 401k vs Simple IRA
Choosing between a Small Business 401(k) and a SIMPLE IRA is a critical decision for small business owners aiming to offer valuable retirement benefits to employees. A Business 401(k) typically suits companies with over 100 employees, offering higher contribution limits and flexible employer matching options. In contrast, a SIMPLE IRA is ideal for businesses with fewer than 100 employees, with easier setup, required 3% employer matching, and wider investment choices. While fees are generally similar, they vary with asset size. For small businesses, consulting a financial professional can help determine the most cost-effective retirement plan to attract and retain employees.
Understanding the Magna 401k Plan
Maximize your retirement savings with the Magna 401(k) Plan! Learn how employer matching, vesting schedules, and strategic contributions can boost your 401(k) balance over time. Discover the benefits of a Traditional vs. Roth 401(k) and when to make penalty-free withdrawals to meet your retirement goals. Get expert tips on how much to contribute, and explore options with IntelliVest Wealth Management to create a personalized retirement strategy.
Understanding the UPS 401k Plan
Maximize your retirement savings with the UPS 401(k) Plan! Learn how employer matching, vesting schedules, and strategic contributions can boost your 401(k) balance over time. Discover the benefits of a Traditional vs. Roth 401(k) and when to make penalty-free withdrawals to meet your retirement goals. Get expert tips on how much to contribute, and explore options with IntelliVest Wealth Management to create a personalized retirement strategy.
Understanding the Milliken 401k Plan
Maximize your retirement savings with the Milliken 401(k) Plan! Learn how employer matching, vesting schedules, and strategic contributions can boost your 401(k) balance over time. Discover the benefits of a Traditional vs. Roth 401(k) and when to make penalty-free withdrawals to meet your retirement goals. Get expert tips on how much to contribute, and explore options with IntelliVest Wealth Management to create a personalized retirement strategy.
Understanding the Adidas 401k Plan
Maximize your retirement savings with the Adidas 401(k) Plan! Learn how employer matching, vesting schedules, and strategic contributions can boost your 401(k) balance over time. Discover the benefits of a Traditional vs. Roth 401(k) and when to make penalty-free withdrawals to meet your retirement goals. Get expert tips on how much to contribute, and explore options with IntelliVest Wealth Management to create a personalized retirement strategy.
Understanding the Amazon 401k Plan
Maximize your retirement savings with the Amazon 401(k) Plan! Learn how employer matching, vesting schedules, and strategic contributions can boost your 401(k) balance over time. Discover the benefits of a Traditional vs. Roth 401(k) and when to make penalty-free withdrawals to meet your retirement goals. Get expert tips on how much to contribute, and explore options with IntelliVest Wealth Management to create a personalized retirement strategy.
Understanding the FedEX 401k Plan
Maximize your retirement savings with the FedEx 401(k) Plan! Learn how employer matching, vesting schedules, and strategic contributions can boost your 401(k) balance over time. Discover the benefits of a Traditional vs. Roth 401(k) and when to make penalty-free withdrawals to meet your retirement goals. Get expert tips on how much to contribute, and explore options with IntelliVest Wealth Management to create a personalized retirement strategy.
Understanding the BMW 401k Plan
Maximize your retirement savings with the BMW 401(k) Plan! Learn how employer matching, vesting schedules, and strategic contributions can boost your 401(k) balance over time. Discover the benefits of a Traditional vs. Roth 401(k) and when to make penalty-free withdrawals to meet your retirement goals. Get expert tips on how much to contribute, and explore options with IntelliVest Wealth Management to create a personalized retirement strategy.
How to Find an Old 401k Account: A Comprehensive Guide
Losing track of an old 401k is more common than you might think, especially after job changes. Fortunately, there are several ways to locate these forgotten funds. Start by contacting your former employer or reviewing old 401k statements. You can also search through the National Registry of Unclaimed Retirement Benefits, the Department of Labor’s Form 5500 database, or even check with the Pension Benefit Guaranty Corporation (PBGC). With these steps, you’ll be well on your way to reclaiming and consolidating your retirement savings.