Is a Roth 401(k) Better than a Traditional 401(k)?
With retirement planning, there are so many options. Now that there’s increased availability of the Roth 401(k), the question is whether its better than the traditional 401(k). It’s challenging to pinpoint which plan is best. Like most things dealing with money, it depends on your situation.
Traditional 401(k)
A 401(k) is a retirement investment account that has funds based on stock market...
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What is a Safe Harbor 401(k)?
A safe harbor 401(k) ensures employees are saving for retirement at every income level. This type of 401(k) has laws that prevent discrimination against lower-earning employees. It also protects employers from liability.
Background
Investment retirement plans became popular in the early 1980s after the Employee Retirement Income Security Act of 1974 (ERISA) and the Revenue Act of 1978. The retirement...
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Can You Put Cryptocurrency in Your IRA?
How’s your 401(k) or IRA doing? A typical 401(k) plan returns from 5% to 8% based on a portfolio of 60% stocks and 40% bonds and other conservative investments. If your retirement plan is not meeting expectations, you may be tempted by the high returns of cryptocurrencies like Bitcoin – but should you be wary of incorporating cryptocurrency into your account?
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