traditional IRA

Investment

Maxed Out Your 401(k) for the Year? Here’s Where To Invest Next for the Rest of 2024

July 5, 2024

andreswd / iStock.com The federal government places limits on how much you can invest annually in a 401(k) retirement plan. In 2024, annual employee contributions are limited to $23,000. If you are over 50, you can invest an additional $7,500 as a catch-up contribution. Learn More: Here’s How Much You Need Saved To Retire Rich

Finance

Beware the retirement savings ‘time bomb,’ tax expert warns

June 2, 2024

It’s all about the taxes. That’s the key concept for retirement savers specifically because IRAs and 401(k)s are only tax-deferred — not tax-free. “These funds have not yet been taxed, so you need a plan to minimize these taxes [so you] can keep more of your hard-earned retirement money,” Ed Slott, a certified public accountant

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traditional IRA

Maxed Out Your 401(k) for the Year? Here’s Where To Invest Next for the Rest of 2024

Beware the retirement savings ‘time bomb,’ tax expert warns

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