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The Roth 401(k): 8 Things You Need To Know
The Roth 401(k) is a retirement plan option that is becoming increasingly popular. Yet many people are asking themselves, "should I used a Roth 401(k)?" The answer is: it depends. Let's start with the basics. A Roth 401(k) is similar to the Roth IRA in that it allows you to save after-tax money in a retirement account. Also like the Roth IRA, the money grows tax-free and can be withdrawn tax-free in retirement. This can be an awesome opportunity to allow your retirement money to grow tax-free and then be withdrawn tax-free after age 59 ½. 1. Should I save money in a Roth(k)? There are four big draws for…
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Why Investment Fees Matter
Do you have an extra $186,000 lying around? If I told you you could have $186,000 more in your portfolio after 30 years by simply by reducing your investment expenses, would you be interested? I would! When it comes to investing, fees matter. Whether you invest with an advisor, do-it-yourself or invest exclusively in a company retirement plan, the fees you pay to invest your money directly affect how much you end up with over time. You should always be able to easily tell what you are paying to invest your money. This article will explain some of the reasons why mutual fund fees matter to your bottom line. Index…