How to Find a Financial Advisor?

There are around one million people in the U.S. alone referring to themselves as either a financial advisor or financial planner, and they vary greatly in qualifications and experience from one to the next. How do you find the one most suitable to you and your needs?

What is a 529 Plan?

529 plans are tax-advantaged savings plans created to encourage saving for the future cost of a college education. There are two basic types of 529 Plans.

What is a Coverdell ESA?

A Coverdell ESA (Education Savings Account) is a tax-advantaged savings account created to encourage saving for the future cost of a child’s education.

529 Savings Plan Versus Coverdell ESA

529 Savings plans and Coverdell Education Savings Accounts (ESAs) are two of the most popular tax-advantageous way to save money for future education expenses.

The Best Retirement Savings Plans for the Self-Employed

There are a number of good retirement savings plans for the self-employed. Which is right for you? We’ll discuss the SEP-IRA, SIMPLE IRA and Solo 401(k), the best options on the market today.

What is a Roth 401(k)?

A Roth 401(k) is one of a number of Employer-sponsored retirement savings plans in the marketplace today. As such, for a person to participate, they must be an employee of a company that offers a Roth 401(k) plan to their employees.

401(k) Rollover Options Upon Job Change or Loss

A job change or loss is the optimal time to make revisions to your retirement savings plans. However, making the right choice can be a complex process with heavy tax consequences.

The Difference Between Traditional and Roth 401(k) and IRA

Important differences exist between the Traditional and Roth versions of both the employer-sponsored 401(k) plans and Individual Retirement Accounts (IRA).

What is a Traditional 401(k)?

A Traditional 401(k) is one of several types of employer-sponsored retirement savings plans in the category of “defined contribution plans”.

What is a Roth IRA?

A Roth IRA is an individual retirement account which varies in a number of ways from the Traditional IRA. The principle difference is two-fold.