Articles Related to Pre-Tax investments
What is a 401k? A 401k plan is a special account funded by withholding employment income prior to taxes. It is employer sponsored, providing employees with an avenue to begin saving for a secure future. Contributions are taken from every paycheck, allowing regularly scheduled contributions. Some employers may also offer matching contributions up to a …
Health Savings Accounts (HSAs) are a type of investment account that allows you to set aside pre-tax money for healthcare expenses. HSAs are a great way to save for healthcare costs in the short-term and long-term, but there are some limitations to be aware of before opening an HSA. We’ll cover the basics of HSAs, …
An IRA is a powerful vehicle that empowers people to preserve their golden years and bask in the warmth of tax benefits. There are several types of IRAs. For example: Traditional, Roth, SIMPLE, SEP and Inherited IRA. We’ll focus on the two most common forms, Traditional and Roth. Each having their own benefits that must …