401(k) You may be familiar with a 401(k) at your work place. A 401(k) is a retirement plan put in place by a business, where automated contributions can be made through your paycheck. One benefit of participating in a 401(k) plan, is that many employers offer to match a portion of what you save, which
SOLO 401(k) https://youtu.be/fI8J_sgZYGc A solo-401(k) can be used by self-employed individuals or business owners with no full-time employees except for a spouse. One unique feature of a solo 401(k) is that it allows you to save as both employer and employee, allowing you to possibly save even more than you would be able to save
SEP IRA (SIMPLIFIED EMPLOYEE PENSION) Today we are talking about the SEP IRA, which stands for (Simplified Employee Pension). As a reminder, and IRA stands for an Individual Retirement Account. A SEP IRA can be used by self-employed individuals and small business owners who would like to contribute more than the Traditional and Roth IRA
How to Save Money for Travel According to NationalDebtRelief.com, the average American consumer racks up over $1,000 in additional debt after a typical summer vacation. I don’t want that to happen to you, so here are 6 ways to save for vacation! 1. Create a Travel Account: This is a separate bank account designated
SAVING UP FOR COLLEGE: What You Need to Know about a 529 Plan It’s no secret that college is expensive. With student loan debt exceeding $1.5 trillion and the university price tag rising 8 times as fast as wages, there’s a lot to worry about in giving your kids (or yourself!) the best possible future.