The differences between Roth and Traditional 401(k) extends beyond 401(k)s. To truly understand the benefits and differences, one should also consider Roth and Traditional IRAs.
A beneficiary designation states to whom your assets will pass after your death. These types of designations are assigned to specific assets. For example, your employer’s 401k plan will have a beneficiary designation, which is separate from your personal IRA.
The trustee has a large number of duties and responsibilities to the trust maker and the beneficiaries. Parsec’s Roger James gives an overview:
Everyone at Parsec works diligently to prepare you financially for retirement by guiding you to financial security. This is our mission, and our success can only be measured in seeing you achieve that security. Most importantly, you have walked with us each step of the way as we explained and implemented the financial concepts needed to achieve that success. Your retirement is now financially set; you are ready to retire!
Having a child is one of life’s special events – but the cost of a growing family can also bring challenges to your life. Here are some tax strategies for new families where you can take advantage of tax breaks that come along with those extra mouths to feed.
Years ago, my family moved into a house that had a beautiful, large yard dotted with towering, willow oak trees. Unfortunately, a healthy dose of imagination was required to see the beauty in the space because it had been swallowed up by English ivy. Determined to reclaim my yard, I set about tearing out all
For the professional golfer, hitting your ball into the water has its price: It can be embarrassing. The internet is littered with stories and images of PGA Tour players dropping their trousers to take swings at errant, but playable, shots that have landed in hazard areas. It can cost you a tournament. Greg Norman, the
Here are eight fundamentals you need to learn how to save, invest and hopefully help secure independent wealth over the course of your career. If you remember these key principles as you make your financial decisions you will find the process to be much easier and you will help put yourself in the best position to achieve independent wealth for yourself in retirement and for your family for generations to come.
Parsec’s Director of Investment Management Sarah DerGarabedian discusses the financial responsibility burden women feel as primary provider.
I am often asked how to teach kids about money. It seems easy enough, right?