Short answer: Yes, you can contribute to both a 401(k) and an IRA, but if your income exceeds the IRS limits, you might lose out on one of the tax benefits of the traditional IRA. How it works: One of the benefits of a traditional IRA is that you can get a tax deduction for... Andrea Coombes is a writer at NerdWallet.
BING NEWS:
- With interest rate cuts delayed, experts offer tips on how to maximize your 401(k)
Financial experts say now may be a good time to consider tweaking your 401(k) as the Fed and other central banks weigh when to lower interest rates.
04/22/2024 - 5:34 am | View Link - Cintas Workers Secure First Approval for $4 Million 401(k) Deal
A $4 million settlement benefiting thousands of Cintas Corp. employees received preliminary court approval, paving the way for resolution of litigation over the fees and investment options in the ...
04/22/2024 - 4:26 am | View Link - Your 401(k) match might not be yours — yet. Vesting schedules can turn ‘free’ 401(k) money into ‘pretend’ money.
When you are new to a job, knowing when the company match belongs to you is as important as knowing how much it is.
04/22/2024 - 12:01 am | View Link - Alliance Bernstein wins proprietary 401(k) fund lawsuit
I also understand why a mutual fund company puts their mutual funds in a 401(k) plan, even if it makes them look like easy targets for an ERISA class action lawsuit. A federal judge in New York just ...
04/21/2024 - 1:00 pm | View Link - You Could Save for Retirement in a 401(k) Alone. But This Might Be a Better Bet
A 401(k) might come with drawbacks. Here's a good plan for saving for retirement in a 401(k) plus other accounts.
04/20/2024 - 11:18 pm | View Link - More
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