Category Archives: 401k

Why A Solo 401k May Be A Good Option

A solo 401K is a retirement plan intended for self-employed individuals. As with an employee 401K, it also features tax-deferred advantages for those who participate in the plan. Continue reading

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401K Plan Hardship Withdrawals

Participating in a 401K Plan has a lot of advantages. Bear in mind though, that 401K Plans are intended to help you monetarily when you reach retirement. Consequently, any withdrawals you may make from your 401K Plan at an age younger than 59 may come with steep penalties including 10% of the amount withdrawn and subjecting this to income tax appropriate for your tax bracket. Continue reading

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Looking Into 401K Plans

A 401K is a retirement plan that has been set up to help an individual prepare monetarily for retirement. Many employers offer this as part of company benefits to attract and keep good employees. Continue reading

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