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
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 | budget
If you’re looking to improve your finances, saving money is a great place to start. Many financial experts recommend creating an emergency savings fund with at least six months’ worth of living expenses. And it’s wise to save money toward other financial goals, such...
by SDP Team | Jan 7, 2025 | budget
SOURCE: KWIK MORTGAGE The homebuying process can be costly, but with the right strategies, you can save a significant amount of money while still securing your dream home. From shopping around for mortgages to negotiating fees, here are some practical tips to help you...
by SDP Team | Jan 7, 2025 | budget
These tips will help you get more for your money when you buy your next car. A car is a big ticket item, with the average price of a new car at the end of 2022 coming in at $48,681, according to Kelley Blue Book. If you’re in the market for a new car, there are some...
