ASK & ANSWER | Browse questions and answers from our community experts
Showing 1 - 3 of 1596 results.
How much should I be saving each month for retirement?
Asked by unknown
1 Answers
If you contribute to an employer-sponsored retirement savings plan such as a 401(k) or 403(b) plan, it's a good idea to contribute at least as much as your employer's matching contribution. After that, you should either contribute to a traditional or Roth IRA to save as much money as possible each month.
What is the best retirement plan if I’m self-employed?
Asked by unknown
1 Answers
Those who are self-employed can establish a SEP (simplified employee pension plan) IRA. Both unincorporated sole proprietors and incorporated small business owners can establish a SEP IRA. The maximum contribution for 2011 is 25% of compensation up to a maximum of 49,000 dollars.
How will tax bracket be affected after one retire?
Asked by unknown
1 Answers
Most people assume that they will be in a lower tax bracket after retirement because they will have less income. While it's not usually the case that a person or married couple would be in a higher tax bracket after retirement, it is possible that the tax bracket would be the same as before retirement.