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Rick Pendykoski
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#Real_Estate and #Retirement: Combine Both to Create a Cash Flow http://bit.ly/1B7Jz5s

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Tax Benefits of 401k Plans: Key Takeaways to Maximize your 401k Benefits http://bit.ly/1UteuU8. #Maximizeyourtax   #taxbenefits  

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The Easiest Way of Generating Retirement Income as a Woman http://bit.ly/1RP8khr . #retirementincomeforwomen   #savingsforwomen  

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Do you have one? . http://bit.ly/1P4pvuQ . A Retirement Plan Checklist for Year-End Maintenance of Your 401(k) . Please share or comment over the post. Let me know what you think about this.

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Act Now to Enjoy the Tax Benefits of 401k Plans
Does you employer offer a 401k plan?
Have you been lazy in signing up?
Or maybe you signed up, but you’re still not sure about the tax benefits of your 401k plan. With the demise of employer sponsored pensions, the 401k plan is your retirement safety net.
In 1986 congress created the 401k plan to give employees a tax-advantaged way to save for retirement. There are two versions of the 401k, the tax-deferred 401k and the newer Roth 401k.
Barbara’s comment; In fact, the 401k that I started during my job decades ago at San Diego State University has grown 538%, and I haven’t contributed to that account since the early 1990’s.
The tax-advantaged 401k allows you to divert part of your salary into an investment account pre-tax. That means if you make $4,000 per month and contribute $400 per month to your 401k plan, then you’ll only pay income tax on $3,600 per month. In fact, a 401k plan ensures that you only pay federal or state income tax when you withdraw your money, after you retire. With this scheme, the tax rate is usually lower at retirement, compared to the rates during the period which you are still working.
Your participation eligibility in the workplace 401k depends on your employer. Some companies require you to pass a particular waiting period before you start making contributions while others allow you to participate immediately. You can check the benefits enrollment requirements from your company to find out whether there are any conditions that you must first meet.

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Rules to Convert Traditional IRA to Roth IRA http://bit.ly/1L1jtYj

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Why Choose an IRA LLC? http://bit.ly/1f5f6j9

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