The 401(k) is a common financial tool for building up retirement savings. Not only does it offer tax advantages, but some employers match their employees’ contributions. If you’re starting a new job, opening and contributing to a 401(k) is almost always a good idea. But should you put your money into a traditional 401(k), as nearly … Continue reading Roth 401(k) vs. Traditional 401(k) | Similarities, Differences, and Examples
I have worked as a Pension Administrator in the retirement plan industry for over a decade. We handle thousands of 401k plans, pension plans, and 403b plans, and 457's. We complete their annual compliance testing, trust accounting, retirement plan designs, assist with processing loans and distributions, and filings of their tax forms such as the … Continue reading 10 Things I Learned From Working For Millionaires
We all know that saving money is important, and asking yourself “how much money should I save?” can be a difficult question to answer when beginning. Being someone who has worked in the retirement plan industry for over ten years, I get asked this question a lot. Between saving for emergencies, retirement, vacations, etc. there … Continue reading How Much Money Should I Save Each Month? How Much Do I Need To Retire?
How would you feel if I told you that you could retire in ten years? Now how would you feel if I told you that there are literally thousands of people that have already done this? I didn't believe this was possible either, until I came across a blog post by Mr. Money Mustache. He … Continue reading The Basics of F.I.R.E (Financial Independence Retire Early)
Welcome to my blog! I have been wanting to start this for quite some time, but never did. I finally bit the bullet and here I am, my very first blog post. The purpose of this blog is to create an outlet for our personal finance journey (my husband and I). I want a space … Continue reading My First Blog Post