General information about 401(k) retirement plans along with the specific information about each type of retirement account.
Conversion to Roth 401(k) can be a great option if you anticipate earning more in retirement than what you’re earning at the moment. So how to convert to a Roth 401(k)? For some employees, this isn’t even an option. That said, you should check your plan administrator or employer to see if converting your traditional
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There are different types of 401(k) retirement plans that have their own characteristics. Solo 401(k) retirement plans are unlike the traditional and Roth 401(k)s. A Solo or individual as you may refer to it as is designed for employers with no full-time employees other than their spouse and themselves. To qualify for a solo 401(k),
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Roth 401(k) contribution limits for 2021 have been announced by the Internal Revenue Service. Same as every other year, the contribution limits have been increased. In 2021, you can contribute up to $20,000 to your Roth 401(k) retirement plan or $26,500 if you’re over the age of 50 with the catch-up contributions. This is a
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