Patrick Harwood

When you have money sitting in a 401k, you may wish to take advantage of the tax benefits that come with a Roth IRA instead of leaving the money in the account. This is common when leaving a job because you will no longer have access to the…

Contributing to a 401k is one of the most effective ways to save for retirement because of the large contribution limits and the ability to receive free money from your employer. Employers have the option of matching your contribution as…

The 401k is a type of retirement account that allows you to save on a pre-tax basis for your retirement needs. Another option that some employers offer is the Roth 401k which allows you to save on an after-tax basis and then avoid paying…

An LLC is a limited liability company. These business structures are set up to allow small companies, including one-person companies, to form a corporation without the complexities involved with forming a corporation under the ordinary…

A Roth 401k is a retirement savings account that blends parts of the 401k plan with parts of a Roth IRA. Paycheck deductions fund the Roth 401k as they would a traditional 401k. However, the money that goes into the Roth 401k is after-tax…

A 401k is an employer-sponsored retirement plan that a portion of your salary funds pre-tax. Any money earned or invested into a 401k during a marriage is considered marital property, also called community property, in some states. At…

When saving money for retirement, you have many choices as to how to save money. One option available, if your employer offers it, is a Roth 401(k) plan. The Roth only accepts after-tax contributions. When investing in a Roth 401(k)…

The 401k is a type of retirement plan that companies can offer as a benefit to their employees. While all 401ks have some common rules, some of the things that affect a 401k are decided by each individual company. Things like the employer…

Particularly if you work for a large company, your employer may offer you a 401k plan as a benefit. A 401k plan is an investment plan intended for retirement savings that carries various tax advantages. The IRS regulates 401k plans and…

401(k) plans are retirement plans set up by employers to help you save money for your future. A 401(k) plan normally invests in mutual funds. If you're enrolled in such a plan, money is automatically deducted from your paychecks and put…