What is Safe Harbor 401(k) Plan: An In-Depth Guide
For those seeking a path to secure a financially stable future, the Safe Harbor 401(k) Plan has emerged as an attractive strategy. This dynamic tool, known for its distinctive features…
What is Simplified Employee Pension Plan – SEP IRA
We’re about to break down the concept of a Simplified Employee Pension Plan, or as it’s commonly referred to, a SEP IRA. You’ll soon see why this is a popular…
457(b) vs 403(b) vs 401k – A Comprehensive Guide to Choosing Your Retirement Plan
With so many options out there, it’s essential to understand the differences between the three most popular retirement plans: the 401(k), 457(b), and 403(b). As a personal finance enthusiast and…
What is a 457 Plan: Unlocking Secrets of Deferred Compensation
What is a 457(b) or 457(f) plan. As I sat at my kitchen table, sipping my morning coffee, I couldn’t help but think about the financial journey I’ve been on.…
Rollover 401k to 403b: The Ultimate Guide to a Smoother Retirement Transfer
Rollover of 401k to 403b is a crucial process that many people face when transitioning from a private sector job to the world of non-profits, schools, and religious institutions. This…
Rollover 403b to IRA: Traditional and Roth IRA Options Explored
Rollover 403b to IRA as you chart your course through the celestial realm of retirement planning and make informed decisions that best suit your financial needs and goals. In this…
What is the 403b Plan: Tax-Sheltered Annuity Retirement Savings
What is a 403b plan, anyway? – When it comes to planning for retirement, it can feel like you’re navigating a maze of investment options, tax breaks, and ever-changing laws.…
Dream Retirement: A Financial Independence Retire Early (FIRE) Perspective
Imagine a life where the words “Dream Retirement” and “Financial Independence” aren’t just buzzwords, but your reality. Picture this: You’re in your 40s, maybe even younger, and you’ve achieved financial…