Balancing saving for retirement and funding a child’s education can be challenging, requiring thoughtful planning and discussion to address both goals effectively.
Make the most of retirement by streamlining your finances. These steps can help alleviate stress and allow more time to focus on enjoying life’s experiences and the rewards of decades of hard work.
SEP IRAs and Solo 401(k)s offer distinct retirement planning options for self-employed individuals, with differences in contribution limits, Roth availability, and eligibility that require careful consideration.
A self-directed IRA (SDIRA) offers greater investment flexibility, allowing for alternative assets like real estate and precious metals, but requires a higher level of responsibility and understanding of associated rules and fees.
With Social Security facing projected depletion of its trust fund by 2033, individuals approaching retirement age confront challenging decisions about when to claim benefits, while younger workers grapple with doubts about the program's future reliability.
Own your own business or self-employed? Whether you're going it alone or managing some top-level talent, you may want to consider offering a SEP IRA. Get started with 5 quick facts as you consider this retirement plan option.