This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA What does this mean? If you don’t put something in (deposit) you won’t get something out (return). Isn’t that the truth? This applies whether you want to learn to play the guitar, improve your culinary skills or learn how to… Continue Reading: No Deposit. No Return.
401(k) plan The 401(k) plan has become one of the primary retirement vehicles many people will use to help fund their retirement. It is one of the cornerstones in 5 Easy Steps to Retirement. Pre-tax contributions and tax-deferred compounding are what makes the 401(k) plan so appealing. In 2016 employees can contribute up to… Continue Reading: The Difference Between a 401(k) plan and a Roth 401(k) plan
The Roth IRA and an IRA both offer different tax advantaged ways to save for retirement. If you are serious about your retirement plan take these 5 Easy Steps to Retirement. Roth IRA In 2019, investors are allowed to fund a Roth IRA up to $6,000 per year. Additionally investors age 50 and… Continue Reading: The Difference Between a Roth IRA and an IRA
Roth IRA The Roth IRA (“Roth”) is an excellent tool to help provide for retirement funding. Here are 3 Proven Reasons You Need a Roth IRA. The Roth is a younger investor’s best vehicle to use. Unlike the IRA, the Roth is not income tax deductible. This means contributions to a Roth are made… Continue Reading: The Difference Between a Roth IRA Contribution and a Roth Conversion