Your Roth 401(k) Is About to Become a Much Better Retirement Plan

Title: Your Roth 401(k) Is About to Become a Much Better Retirement Plan

Article Snip: "...Before this change, Roth IRAs were the only retirement-focused accounts that both allowed for tax-free withdrawals in retirement and let you keep your entire balance in the account throughout your life. For higher earners, getting money into a Roth IRA is a bit more complicated than getting it into a Roth 401(k), due to income limits on direct Roth IRA contributions. That can make it more challenging for many people to build a nest egg inside a Roth IRA. Now that Roth 401(k) plans will soon be exempt from those RMDs, it becomes possible to build that lifelong source of tax-free retirement cash without going through an IRA...."

Reference: www.fool.com
Retirement Financial Planning,ROTH,401(k),

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The Number Of Years $100,000 Will Add To Your Retirement Fund, Visualized

Title: The Number Of Years $100,000 Will Add To Your Retirement Fund, Visualized

Article Snip: "...Their model estimated spending at $50,595 per year, based on the average amount for persons between the ages of 65 and 74. They determined social security would cover nearly 39 percent of those yearly costs, leaving a retiree with around $2,559 worth for out-of-pocket expenses, which according to estimations could bump up by 2.2 percent each year...."

Reference: digg.com
Retirement Financial Planning, Retirement Savings,