Named after Section 403(b) of the Internal Revenue Code, a 403(b) plan is a tax-advantaged defined contribution retirement plan available to certain public school employees, tax-exempt non-profit organizations, and some church ministers. Much like with a 401(k), employee participants in a 403(b) plan are able to defer money from their paychecks into a retirement investment…
When you retire and start drawing money from your investment accounts, do you anticipate that your tax rate will be higher than it is right now? If you answered “yes,” consider choosing a Roth IRA. In the future you’ll likely be moving to a higher rung of the income ladder, and since withdrawals from a…
IRA’s are special brokerage accounts designed to allow individuals to save money for their retirement and manage their portfolios. There are two types of IRA’s: Traditional or Roth. There are also two types of contributions to an IRA: rollover contributions and direct contributions. These contributions can either be tax-deferred or not. This can get a…