The STATE Regulators are FAR better at regulating the Insurance Industry than the SEC and FINRA is at regulating Registered Products. To the reader: check youtubes: The Truth Behind hidden Fees in 401(k)s; Stay Rich Tax Adviser Ed Slott Retirement Saving; CNBC Indexed Annuities.
clems / Aug 7 2010
Hey thanks for taking the time to explain this in detail, i was wondering what is the youngest age you can contribute?
ire kamavring / Aug 28 2010
you’re such an idiot. i wonder how much you’ve lost
mar sume / Aug 28 2010
Good Question. In 2006 you can contribute $15000 to your 401k regardless on employer match. If your over 50 years old you can contribute an addional $5000. All those contributions will lower your marginal tax rate. Therefore you could reduce your income in regard to ROTH IRA limits. You should check with your CPA first. If you are over the limit for Roth contribution you will get hit with penalties from the IRS. Another option is the ROTH 401K. Ask your employer if that is an option. You can put in $15000 per year with no income limit. You can email me on this subject if you have more questions.
jee petrouscho / Sep 3 2010
20 social media savvy professionals in financial planning & wealth management
25 ! Should I sign up for my 401(k)?
The STATE Regulators are FAR better at regulating the Insurance Industry than the SEC and FINRA is at regulating Registered Products. To the reader: check youtubes: The Truth Behind hidden Fees in 401(k)s; Stay Rich Tax Adviser Ed Slott Retirement Saving; CNBC Indexed Annuities.
Hey thanks for taking the time to explain this in detail, i was wondering what is the youngest age you can contribute?
you’re such an idiot. i wonder how much you’ve lost
Good Question. In 2006 you can contribute $15000 to your 401k regardless on employer match. If your over 50 years old you can contribute an addional $5000. All those contributions will lower your marginal tax rate. Therefore you could reduce your income in regard to ROTH IRA limits. You should check with your CPA first. If you are over the limit for Roth contribution you will get hit with penalties from the IRS. Another option is the ROTH 401K. Ask your employer if that is an option. You can put in $15000 per year with no income limit. You can email me on this subject if you have more questions.
20 social media savvy professionals in financial planning & wealth management