How to Write Check Amount in Words with Cents
In the age of digital payments, writing a check can feel like an ancient art. But don’t be fooled; checks are still widely used, and knowing correct way to write…
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.…
Best 403b Providers in 2023: Unraveling the Mysteries of Retirement Savings
A 403b plan isn’t just about stashing away money for the golden years. It’s a strategic decision with direct implications on your quality of life post-retirement. The right provider can…
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…
Defined Benefit Plans: Ultimate Guide to Understanding and Maximizing Your Pension
Defined benefit plans may seem like a relic of a bygone era, but they’re still alive and kicking in the world of employee benefits. In this comprehensive guide, we’ll dive…
What is the ADP and ACP Tests for 401k and Other Retirement Plans
ADP and ACP tests provide a crucial verification step for 401(k) retirement plans, ensuring that these plans maintain fairness and compliance with the Internal Revenue Service (IRS) regulations. With so…
What is a Highly Compensated Employee for 401k and Other Retirement Plans
As a highly compensated employee (HCE) for 401k, you’re in a unique position when it comes to retirement planning. You likely have a variety of options available to you, and…