by SDP Team | Apr 28, 2025 | investment
SUMMARY: The SmartAsset article “How Mutual Funds Can Be Used for Retirement” outlines the advantages of incorporating mutual funds into retirement planning. It emphasizes that mutual funds offer diversification by pooling investors’ money to invest...
by SDP Team | Apr 28, 2025 | 401(k), IRA
Yes, you can contribute to both a Roth IRA and a 401(k) in the same year, provided you meet the eligibility criteria for each account. In 2025, the contribution limits are $7,000 for a Roth IRA (or $8,000 if you’re 50 or older) and $23,500 for a 401(k), with...
by SDP Team | Apr 28, 2025 | IRA
SUMMARY: The Vanguard article “Roth IRA vs. Traditional IRA: Rules & Tax Benefits” provides a comprehensive comparison between Roth and Traditional IRAs, focusing on eligibility, contribution limits, tax implications, and withdrawal rules. It...
by SDP Team | Apr 28, 2025 | IRA
Here are the key takeaways from NerdWallet’s article “Roth vs. Traditional IRA: Which Is Right For You?”: Core Differences Between Roth and Traditional IRAs Tax Timing: Traditional IRAs offer an immediate tax deduction on contributions (subject to...
by SDP Team | Jan 7, 2025 | Financial Planning
Have you ever thought about how most millionaires made their money? Or even if you are in that same club, are you curious about your peers’ financial habits? You are not alone. Many people are interested in learning the fiscal practices of the wealthy. Let’s start...
