Retirement

Which is better? SIMPLE IRA vs. SIMPLE 401(k)

Which is better? SIMPLE IRA vs. SIMPLE 401(k)

SIMPLE plans help small businesses provide retirement plans to their employees while also offering a way for the self-employed to take advantage of the tax benefits of employer-sponsored retirement plans. What does SIMPLE stand for? SIMPLE stands for “savings...
Which is better? Traditional IRAs vs. Roth IRAs

Which is better? Traditional IRAs vs. Roth IRAs

When you invest in an IRA, you have two choices — a traditional vs. a Roth IRA. The two plans grow funds in much the same way, with one noticeable difference: How your contributions and withdrawals are taxed. Here’s a quick explanation of the differences: What is a...
Which is better, an annuity or an IRA?

Which is better, an annuity or an IRA?

“Should I buy an annuity with my 401(k) or roll my 401(k) into an IRA?” Many people struggle with the annuity vs. an IRA question as they approach retirement. Before we delve into the pros and cons, it’s important to understand the nature of each type of retirement...
Annuity vs. 401(k) plans: What’s the difference?

Annuity vs. 401(k) plans: What’s the difference?

Americans have up to $2 trillion invested in retirement annuities and $5.7 trillion in 401(k) plans. Both types of retirement plans are popular, but which is the better retirement choice? When you consider an annuity vs. a 401(k) plan, you’re comparing apples and...
What is an annuity, and how does it work?

What is an annuity, and how does it work?

Despite Americans holding over $2 trillion in variable annuities, the average person knows little about how annuity retirement plans work or their pros and cons. What is an annuity? An annuity is a special type of life insurance that provides reliable income in...
Mutual funds vs. 401(k) plans

Mutual funds vs. 401(k) plans

While educating yourself on retirement investing strategies, these two terms likely come up often. And there are key reasons why. Keep reading to learn more. What is a mutual fund? A mutual fund is an investment opportunity allowing you to pool your money with that of...