What Is a 457 Retirement Plan?
457 deferred compensation plans can be a valuable addition to your retirement quiver, but make sure yours is up to snuff before contributing.
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.
457 deferred compensation plans can be a valuable addition to your retirement quiver, but make sure yours is up to snuff before contributing.
We don't know if Backdoor Roth IRA conversions will still be allowed later this year. So, should you go ahead and get it done now?
Answering reader questions on the Backdoor Roth IRA, refinancing student loans if not going for PSLF, and employee-sponsored 401(k) plans.
For those eligible for non-governmental 457(b)s, there are three practical considerations many fail to consider.
Answering reader questions about retirement accounts and what to do about the Backdoor Roth IRA. Also, an interview with WCICON22 speaker Dr. Altelisha Taylor.
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After completing your Backdoor Roth IRA follow these steps to report both the contribution and the conversion in the TurboTax software.
There is plenty of confusion about spousal IRAs and how to use them. Let's go through them step by step and see if they make sense for you.
Answering listener questions about retirement, with topics surrounding Roth IRAs, risky bond options, and what to do about high inflation.
Discussing all kinds of retirement accounts and what the maximum contributions for those are. Also answering listener questions about solo 401(k)s and active bond funds vs. index funds.
Tempted to hide errors made with your self-employed retirement account? The IRS's Voluntary Correction Program may be the better choice to bring it back into compliance.
Interview with Dr. Victor Mangona discussing everything about cash balance plans: what they are, who should consider, tax savings, risks, how to convince your practice to adopt, and lots more.
Should the foreign physician working in the United States save for retirement utilizing 401(k), 403(b), Roth IRA, and HSA accounts? It's a strategy worth serious consideration.
If you are over the age of 50, take advantage of retirement catch-up contributions to power up your goal of financial independence.
The self-employed have plenty of options for retirement savings: an i401(k), SEP IRA, HSA, Defined Benefit/Cash Balance plans, etc. Which is best for you?
How should you manage inherited retirement accounts? Also questions about inflation, refinancing student loans before Oct.1, SEP IRA's to backdoor Roths, choosing a specialty, and more.
Medical school may not have taught you about money, but we will.
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