Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
“`html What Is a SEP IRA? A SEP IRA is a retirement plan that can be established by any employer, including self-employed individuals. Authorized by Congress in 1978, SEP IRAs have been around longer than solo 401(k)s. Setting up a…
“`html Retirement Savings Without a 401(k): Your Options The 401(k) is a well-known retirement fund, offering tax-deductible contributions and potential employer matches. However, not everyone has access to a 401(k). Whether your employer doesn’t offer one or you’re self-employed, there…
“`html The 70% Rule for Retirement Explained The 70% rule for retirement savings can help you estimate the amount of income you may need in retirement. It suggests that you’ll need 70% of your pre-retirement, post-tax income to retire comfortably.…
“`html What Are State-Sponsored Retirement Plans? State-sponsored retirement plans provide an alternative for self-employed individuals and employees whose jobs don’t offer retirement plans. These plans are managed by state retirement boards in collaboration with IRA administrators. Most state-administered plans are…
“`html How to Open an IRA: A Step-by-Step Guide Opening an individual retirement account (IRA) is a straightforward process that involves selecting an account type, choosing a provider, opening the account, and funding it. This guide will walk you through…
“`html Creating a Five-Year Financial Plan Five-year plans are essential tools for personal improvement, helping you set and achieve goals across various aspects of your life, including your finances. A five-year financial plan focuses specifically on your money, allowing you…
“`html IRA Contribution Limits for 2024 Contributing to an individual retirement account (IRA) is an excellent way to grow your savings and enjoy tax benefits. However, like 401(k) and other retirement accounts, IRAs have contribution limits. Your income and your…
