By now, you’ve likely heard the terms 401(k) and Roth IRA over and over again—whether from your parents, online finance bro, or your employer. But, what does it all really mean, and how are you supposed to know which one to invest in? In this guide, we’ll go over the fundamentals of both retirement savings …
At their core, the 401(k) and the IRA are both tools investors use to make money with their money. But there are crucial differences in how they work that are important to understand. The most significant difference is that many 401(k) plans require an employee contribution, varying from 1% all the way up to 25% …
If the company you work for offers a 401(k) savings plan in your benefits package and you’re ready to start watching your nest egg grow, it’s an exciting time for you. At Ark7 we focus on real estate investing, but we also respect the strategy of diversification which is why you can also invest your …
If you’re looking for a way to save for retirement with tax advantages and the ability to diversify your investment portfolio, look no further than a self-directed retirement account. In this post, we’ll go over what you should know about self-directed IRA accounts so you can make the most informed decision based on whether this …
Self-Directed Retirement Accounts: What You Should Know Read More »
Who doesn’t dream of hitting Retirement Beach as soon as possible? Trading traffic, watercooler gossip, and a micromanaging boss for endless amounts of free time, a glass of wine with lunch, and unlimited travel? Where do we sign up? The good news is, with a little bit of planning and preparation, you don’t have to …
When it comes to retirement and responsible savings, you might be feeling trapped between a desire to save responsibly, some trauma from coming of age in the great recession, and distracted by all the shiny objects out there seemingly turning out Bitcoin billionaire influencers on TikTok and Instagram like they’re on some kind of assembly …
If you find yourself in a financial pinch, you may be considering the question, “can you borrow from your IRA?” Unfortunately, in most cases, the answer is no; it’s either impossible or impractical to get a loan against your IRA. But, the good news is there are a few other tactics you can deploy when …
Millennials have faced two financial crises before the age of 40, leaving many wondering, how will I save for retirement? If millennials want to retire by the age of 65, they need to save nearly half of their paycheck. Others say to retire comfortably you should be saving around 75% of your pre-retirement income. However, …
Saving responsibly for retirement used to involve working for the same company for an entire career, then retiring on a pension. Today, it’s rare that anyone would stay at one company for so long; in fact, the average time that people stay at a job is 4.1 years. Retirement savings solutions have evolved to offer …
Wondering What To Do With Your Old 401(k)? Here Are 5 Options Read More »
Retirement may seem like something only “old people” worry about. But that actually couldn’t be further from the truth. You see, the sooner you start thinking about your retirement, the better off you’ll be! Knowing how to properly invest a portion of your income to enable its growth is of the utmost importance. As humans live longer …
Brokerage Account vs. IRA: Key Differences and Similarities Read More »
