Posts tagged as:

401K

The vast majority of Qualified Plans (which would include 401(k)’s, 403(b)’s, as well as self directed IRA’s (whether they’re Traditional IRA, Rollover IRA, SEP IRA, or any other) have very limited investment options.  Which means you’re not able to invest in the things that you might like to invest in.  If the best investment for [...]

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“Suppose one of you wants to build a tower. Will he not first sit down and estimate the cost to see if he has enough money to complete it? 29For if he lays the foundation and is not able to finish it, everyone who sees it will ridicule him, 30saying, ‘This fellow began to build [...]

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There are three major advantages of typical retirement plans.  We went over many of the different types of these yesterday and they basically all work the same.  The possible advantages that they give you are the following:

Deferred Income Tax
Your Contributions through an Employer sponsored plan might be matched
Government mandated & penalized discipline to keep saved [...]

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