About me - Ben Morris

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Featured article by Ben Morris

Personal Finance > Retirement When does it make sense to participate in a 401(k) plan?

Saving for retirement can be a challenge, particularly if you're not one to think too far into the future. But, the future will be here sooner or later. The question is: "Will you be prepared"? Options For Retirement Savings Let's take a look at 1 of 3 viable choices for saving for retirement. Each can be done alone or used in combination. Furthermore, each method will have different tax consequences. 1. 401k 2. Traditional IRA 3. Roth IRA For now, we will just look at the 401k. 401k A 401k is an employer-sponsored retirement savings plan. Take advantage of the 401k offered by your employe...

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