Tag Archives: 401k
Saving for retirement is a great way to gain financial strength. Many taxpayers opt for a 401(k) savings plan. There are two different types of 401(k) plans, and you should be aware of what makes them different from each other. Traditional 401(k) This type of plan is sponsored by your employer and allows you to […]
— Read moreNot only is saving for retirement a great investment in your futures, it can also help save you some money at tax time. There are several different ways that retirement savings can have a positive impact on your tax refund, however, remember that penalties do exist for early or late withdrawals. Depending on the type […]
— Read moreIf you’re planning for your retirement by building a savings through an IRA or 401(k) plan, there’s a god chance you may qualify for a special tax credit. The Saver’s Credit is available to those with retirement plans, and can help reduce your tax liability. Also known by its extended name, The Retirement Savings Contribution […]
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