Retirement

401(k) vs. 457 plans: how they work

401(k) vs. 457 plans: how they work

The 457, like the 401(k), is a tax-advantaged plan that allows you to put a portion of your pretax income into retirement savings. Here, we’ll discuss the pros and cons of the 401(k) vs. 457 plans. 401(k) vs. 457: What’s the difference? Perhaps the biggest difference...
Are you eligible for a 401(k) or a 403(b) plan?

Are you eligible for a 401(k) or a 403(b) plan?

Depending on your employer, you may have access to a 401(k), 403(b), or both. While similar to the 401(k) in many ways, the 403(b) has some important differences you need to bear in mind when choosing your retirement plan. While less well known than the 401(k), 403(b)...
401(k) vs. IRA: What you need to know

401(k) vs. IRA: What you need to know

Both 401(k) plans and IRAs offer the means to save for retirement, and many people have a 401(k) plan at work and personal IRA accounts. If you’re comparing IRAs and 401(k)s, here are some important facts you should know, including tips on a 401(k) vs. an IRA...
401(a) vs. 401(k) plans: What’s the difference?

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

If you’re wondering how to choose between a 401(a) vs. 401(k), you’ve come to the right place. While similar in many ways, the two plans have certain important differences. The 401(k) retirement plan has largely replaced the traditional pension plan, partly because...
What you need to know about retirement plans

What you need to know about retirement plans

When you retire, do you plan on doing one or more of the following? Travel the world and explore exotic locales.Spoil your grandchildren.Relax in your beach house or mountain cabin.Live comfortably until you pass away. Internally, we all have big dreams for that day...
Can you live off dividends in retirement?

Can you live off dividends in retirement?

A dividend is a return on your investment paid out at intervals throughout the year, typically on a quarterly cycle, by the company in which you purchased shares. Established, financially secure companies are more likely to issue dividends, an indication that funds...