The Modern Investor
Written by Human Advisors, for Human Investors
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Roth vs Traditional 401(k) in 2024: Navigating Retirement Planning and Tax Planning
Retirement planning options continue to evolve, and the Roth 401(k) has become an option for more and more people. Determining which is better - Roth or traditional 401(k) - will often come down to the assumptions made around current vs. future income levels, current vs. future income tax rates, and when (or if) retirement savings will be spent down. Sometimes the answer may seem obvious. For those with murkier forecasts, using both options can make sense, too.
After the 401(k), Where to Invest Next?
Some investors prefer to max out the 401(k), either with pre-tax contributions or after-tax Roth contributions. Others contribute just enough to take full advantage of an employer match. And for many others, the answer is somewhere in between. Regardless of how that question is answered, people often wonder where to go next. What makes the most sense after 401(k) contributions are finished for the year? Let’s look at a few options, specifically through the lens of tax treatment, availability, and flexibility.
Time for Open Enrollment? Three Benefits That Shouldn’t be Overlooked
Soon, many of us will receive a 20-page PDF from HR with a myriad of complex options to navigate in advance of the always stressful deadline. But before you just re-enroll in the same benefits from last year, grab that pumpkin spice latte while we review some of the most financially impactful benefits you may want to consider.
Five Strategies for Maintaining Control of Your Career and Lifestyle
Several economic factors have created profitability headwinds for many employers. Inflation has waged war on profitability. Higher interest rates have increased corporate borrowing costs. These factors along with a workforce that is increasingly valuing work-life balance have the potential to make firms less profitable. In many cases this causes CEOs and CFOs to take a careful look at their most important and largest investment: their people.
New Employer? Things to Consider Regarding the Old Retirement Plan.
You have a new employer. What should you do with the old 401(k) or retirement plan assets? Leave it where it is, bring to the new employer’s plan, or rollover into an IRA? Here are some of the key considerations around taxes, investment options, and fees, as well as a few other items to take into account.