Key Takeaways: A 60/40 investment portfolio is usually comprised of 60% stocks and 40% bonds. A 60/40 retirement portfolio split should only be deployed after a thorough assessment of the retiree’s unique financial needs. A candid discussion of a 60/40 retirement savings strategy should take place between the retiree and a trusted financial advisor. The…
Key Takeaways: With a Roth IRA, you can pay taxes on your retirement savings during your working years if you meet the income limits. You make contributions to a Roth IRA with after-tax money. If you meet the requirements, including having the account open for at least five years and being 59 1/2 or older,…
Key Takeaways An after-tax 401(k) contribution allows you to deposit more than the $23,000 pretax limit for 2024 ($30,500 for those age 50 or older). The total 401(k) contribution limit that includes employer and employee contributions and after-tax 401(k) contributions is $69,000 in 2024 ($76,500 for those age 50 or older). Contributions that are above…
