When it comes to deciding to contribute to a Traditional or Roth 401(k) account, there are many factors to consider – most of which boil down to the amount of income taxes you are projected to pay over your lifetime.
If we looked at the question of Roth IRA vs. Life Insurance from a purely statistical standpoint, the low probability of dying prematurely would indicate you’re better off investing in the stock market. Since inception, the average annual return of the S&P 500 is approximately 10%. However, the real question we need to answer here has two parts. 1. How do I take care of my future needs? 2. How do I take care of my family that is currently dependent on me?
Congratulations, you are in your twenties and you are ready to start building wealth! Fantastic; let’s get started. The plan to build wealth is simple, the difficulty is following through on the plan. Let’s start with the easy part: The Plan.
This short 7-minute video explains what is a Roth IRA, how you get money into it, and why nearly everyone could benefit from having one.
How much should I save is a question we are often asked by people who are still working, yet dreaming of a comfortable retirement. Each person has their own unique goals, priorities, and income potential, and there is no consensus about how much Americans should aim to save and invest from their paychecks. However, research has been conducted and published by many groups.
