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Retirement

401(k) Plans

401(k) Plans

This is a common type of employer-provided retirement plan, especially among large corporations, but it can be set up for any size of company. It is named after subsection 401(k) of the Internal Revenue Code. In 2015 and 2016, the most an employee can contribute is...

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SEPs

SEPs

SEP stands for “Simplified Employee Pension.” These are popular among high-income self-employed professionals such as doctors or dentists with no employees or only a few employees. As the owner of your company, you can contribute up to 25% of your income, up to a...

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Retirement Savings Accounts

Retirement Savings Accounts

In order to encourage people to take responsibility for their own retirement savings, the U.S. government has created several types of retirement accounts which provide significant tax benefits if you abide by the strict rules they have imposed on these accounts....

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Creating a Spending Plan

Creating a Spending Plan

Most people hate budgeting. Why not think of it as a spending plan instead? Read these tips for how to control your spending without all the drama.

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How Much Should We Save?

How Much Should We Save?

Everyone I have ever met who is financially independent, meaning that they have enough money to live a comfortable lifestyle without having to work, has consistently saved a significant portion of their income.

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