IRA - Smart 40K Plus

No Income Limit in Roth 401(k): A Compelling Tax-Free Retirement Investment

401k, IRA, Retirement planning, Roth 401(k), Roth IRA

Roth 401(K) and Traditional 401(K) have no income limit and any one can contribute, unlike Roth IRA. However, there is an annual combined 401(k), Roth 401(k), 403(b) contribution limit.

Pros and Cons of Rollover from a 401(k) to a Self-Directed IRA

401k, IRA, Retirement planning, Rollover, Savings

If you are an experienced investor or you are ready to be more disciplined, it’s in general better to rollover to an IRA when given a chance. However, if your existing 401(k) offers some features and funds that you don’t want to miss, you might want to make a careful decision.