IRA FAQ

Q: How much will my IRA go up every year? A: IRA’s don’t go up or down at a set rate each year. An IRA is not a stock, bond, or mutual fund. Rather, an IRA is a special account that the IRS lets you open to get tax advantages. YOU determine 1) how much money to put into…

401(k) FAQ

A 401(k) is a type of retirement account offered by many employers. If you participate in a 401(k), you determine how much of each of your paychecks gets diverted into your 401(k). A 401(k) has advantages over traditional investment accounts. Since a 401(k) is “tax deferred,” you pay no income tax on your 401(k) contributions.…

4 Tips to Boost Your Retirement Savings

Most experts state that it’s better to start saving for retirement early so that one can reap the benefits of compound interest. However, there are some steps that one can take to increase their retirement savings if they start saving late. The bottom line here is, it’s never too late for one to get started.…