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 | Feb 1, 2019 | IRA
Perhaps both traditional and Roth IRAs can play a part in your retirement plans.IRAs can be an important tool in your retirement savings belt, and whichever you choose to open could have a significant impact on how those accounts might grow. IRAs, or Individual...
by SDP Team | Mar 1, 2018 | IRA
Do you work for yourself? Is your business too small for a 401(k) plan? If so, you should really consider establishing a SEP IRA plan – for yourself and for your employees. SEP stands for Simplified Employee Pension, and simplicity is a key feature of these retirement...
by SDP Team | Jan 8, 2018 | IRA
Why do so many people choose it rather than a traditional IRA? The Roth IRA changed the whole retirement savings perspective. Since its introduction, it has become a fixture in many retirement planning strategies. Here is a closer look at the trade-off you make when...
