For those who want a secure retirement, and who have access to a 401k plan at their place of employment, it helps to know the general points of comparison between IRAs and 401k's. It's possible to have both at the same time, or opt just for one. For the vast majority of people who are saving for retirement, however, the choice is made for them. In other words, if your employer does not offer a 401k, then your default option for retirement security is an IRA. For the lucky ones who do have 401k offerings at work, here is a quick comparison between the two investment vehicles: The Tax Question Both IRAs and 401k plans allow for tax … [Read more...]
Your Retirement Accounts – The Best Tax Saving Investment
For as long as men have ruled other men, taxes have been a necessary way of life. They fund the government and provide the civil services that we depend on in our everyday lives. But as important of a notion as that is, no one likes paying them. It’s something that we just have to do … but not always. If you’d like to hang on to your money, then look no further than your retirement accounts to find the best tax saving investment – your IRA and 401k. … [Read more...]