401(h) Plans: The Qualified Plan Tax-Free Triple Play
Never heard of a 401(h)? You're not alone. But for the right person, this triple tax-free account can be awesome. It's the mutant child of a cash balance plan and an HSA.
There are dozens, if not more, ways to save for retirement. It ranges from employer-assisted accounts like 401(k)s and 403(b)s to self-funded vehicles like IRAs and HSAs. Learning about retirement accounts is paramount to good financial literacy.
Never heard of a 401(h)? You're not alone. But for the right person, this triple tax-free account can be awesome. It's the mutant child of a cash balance plan and an HSA.
P.A.s face similar financial issues to physicians, but with some key differences. But whatever your income, the first things you learn about personal finance and investing are very high yield.
Some high-income professionals hate personal finance and investing. If that is you, this post is for you. If that isn't you, send this post to someone you care about.
Asset location is an advanced topic that few pay attention to, and most of those that do get it wrong. Expected return matters as much as tax-efficiency and there is no Roth IRA free lunch.
One of the best parts of being self-employed is you get to choose your own retirement plan. Of course, one of the worst parts is you have to figure out which retirement plan to use.
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This Net Unrealized Appreciation strategy is a way to save tax dollars on the shares of your company stock inside your 401(k). It may be a great idea for you, but run the numbers first.
403(b)s are slightly different from 401(k)s. One significant difference is this special catch-up contribution.
A reader wonders what he should do next with his money. The answer might be to spend some of it, but read this post before going down that route.
[Editor's Note: This guest post is from John Lim, MD. He sent me this email: "I'm a radiologist practicing in Newport Beach, California in a group of about 30 radiologists. I had no prior financial b...
Some ways of expanding your Roth space come with significant costs, and some are a no-brainer. Find out which ones you should already be doing and which ones you ought to consider now and in the future.
Medical school may not have taught you about money, but we will.
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Get ready to take control of your financial life. You can do this, and we can help.
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