Comments on: Choosing the Best Retirement Plan For You

By: Manoj

Manoj — Thu, 24 Jan 2019 06:29:22 +0000

I just share this blog post to my dad. This is really very informative article.

By: Jeff Rose

Jeff Rose — Sun, 29 Apr 2018 17:11:40 +0000

In reply to James R Loeb. Hi James - You can continue to make contributions to your employer plan past 70.5 if you're still employed. And as long as you don't own 5% or more of the company, you're also not required to begin taking required minimum distributions from the plan until you retire. However RMDs are required from any IRAs you own, or previous employer plans. You are also not able to make contributions to a traditional IRA. I hope this helps.

By: James R Loeb

James R Loeb — Sun, 22 Apr 2018 03:54:40 +0000

If a person is over 70 1/2 and is still working full time, can he contribute in any way to a tax defered plan offered by his company that employs him?

By: Annika Larson

Annika Larson — Mon, 12 Jun 2017 16:36:30 +0000

My husband and I are getting a little older, and we are looking to plan our retirement. I didn’t realize that a Roth IRA can add tax diversification to your retirement portfolio. We will have to find someone to help us with the paperwork involved in this process.

By: Jeff Rose

Jeff Rose — Sun, 07 May 2017 21:38:13 +0000

In reply to Annika Larson. Hi Annika - That's true about an IRA being self-directed. But so is a Roth IRA, and most self-employment plans, like SEP and SIMPLE IRAs and Solo 401(k)s. Some employer sponsored plans also offer self-directed investing too.

By: Annika Larson

Annika Larson — Thu, 04 May 2017 23:20:22 +0000

My husband and I are looking forward to planning our retirement. We want to make sure we have a financially stable plan. Thanks for this information on different retirement plans. I didn’t realize that IRAs are mainly self-directed. That’s good to know.

By: Jeff | VTX Capital

Jeff | VTX Capital — Thu, 26 Jan 2017 00:24:02 +0000

The number of retirement accounts is quite mind boggling. Good thing new investors have great resources such as yours, Jeff!

By: Jeff Rose

Jeff Rose — Sat, 21 Jan 2017 23:25:14 +0000

In reply to Dan. Hi Dan - You're so right! Corrected! You can actually contribute up to the full 401k contribution to the Roth portion itself, as long as you don't exceed the overall 401k contribution limit. Thanks for the catch.

By: Dan

Dan — Fri, 20 Jan 2017 04:25:56 +0000

Jeff – I believe you comment about Roth 401(k) contribution limits is incorrect. You said that a Roth 401(k) has the same limits of a Roth IRA.

By: Luke Fitzgerald

Luke Fitzgerald — Tue, 17 Nov 2015 19:57:04 +0000

Great tips. I think not knowing your fees is a huge obstacle. For that reason, we use index funds.

I love the analogy using the price of a car repair. Most things you know what your going to pay (or at least close). When it comes to retirement planning, its not as easy. And its not uncommon to be wildly off – and not even realize it as many fees are automatically deducted.