Draft - Sridhar Boppana

July 16, 20240Comments

Deciphering Retirement Savings: A Comparative Guide to 401(k) and 457 Plans

Summary: In the realm of retirement planning, the 401(k) and 457 plans emerge as two pivotal options, each with its unique features and benefits. Both plans offer tax advantages, allowing

by Sridhar Boppana

401k

July 12, 20240Comments

Exploring the Impact of 401(k) Tax Credits on Retirement Planning

Summary: The blog post explores the impact of 401(k) tax credits on retirement planning, emphasizing their significance for both employers and employees. It delves into the intricacies of 401(k) tax

by Sridhar Boppana

401k

July 9, 20240Comments

Decoding Financial Dilemmas: Should You Opt for a 401(k) Loan or a Personal Loan?

Summary: In the realm of financial decision-making, choosing between a 401(k) loan and a personal loan presents a pivotal dilemma. A 401(k) loan allows borrowing from retirement savings, offering lower

by Sridhar Boppana

401k

July 5, 20240Comments

Understanding SIMPLE IRA and Solo 401(k): A Comprehensive Comparison for Small Businesses

Summary: In the financial landscape of retirement planning, the choice between a SIMPLE IRA and a Solo 401(k) is crucial for small businesses and self-employed individuals. The SIMPLE IRA, suited

by Sridhar Boppana

401k

July 2, 20240Comments

Investing in Tomorrow: Breaking Down 401(a) vs. 401(k) for Long-Term Success

Summary: This blog post delves into the distinct features and differences between 401(a) and 401(k) retirement plans. The 401(a) plan, typically offered by government and nonprofit employers, often requires mandatory

by Sridhar Boppana

401k

June 25, 20240Comments

No Employer? No Problem: How to Open Your Own 401(k)

Summary: The blog post delves into the intricacies of Solo 401(k)s, a retirement plan tailored for self-employed individuals and small business owners. It highlights the plan’s higher contribution limits, offering

by Sridhar Boppana

401k

June 21, 20240Comments

Decoding the Complexities of Inherited 401(k)s: A Step-by-Step Guide for Beneficiaries

Summary: Navigating the complexities of an inherited 401(k) involves understanding various options and rules. Beneficiaries, whether spouses or non-spouses, must decide on taking a lump-sum distribution or rolling over funds

by Sridhar Boppana

401k

June 18, 20240Comments

The Highly Compensated Employee and 401(k): Balancing Contributions and Tax Benefits

Summary: The blog post focuses on the unique challenges and strategies for Highly Compensated Employees (HCEs) in managing their 401(k) plans. It highlights the importance of understanding IRS criteria for

by Sridhar Boppana

401k

June 14, 20240Comments

Decoding the Differences: LIRP and 401k in Focus

Summary: The blog post delves into the comparison between Life Insurance Retirement Plans (LIRP) and 401k plans, highlighting their distinct features and suitability for different financial goals.LIRP, a type of

by Sridhar Boppana

401k

June 11, 20240Comments

Crafting a Retirement Plan: Smart Moves When Your Employer Doesn’t Offer a 401(k)

Summary: This blog post explores the avenues for retirement planning when an employer-sponsored 401(k) isn’t an option. It highlights alternatives like Roth IRAs, offering tax-free growth and withdrawals, and Traditional

by Sridhar Boppana

« Older Articles Newer Articles »