American Financial PartnerAug 31, 20215 minWhat Is a Brokerage Account?A brokerage account is a taxable investment account that allows individual investors to buy and sell many different kinds of investment...
American Financial PartnerAug 31, 20214 minWhat is a Keogh Plan?There are many different types of retirement plans for self-employed individuals. A Keogh plan is one of them. A Keogh (pronounced...
American Financial PartnerAug 31, 20214 minWhat Is a Money Purchase Plan?A money purchase plan is a type of retirement plan in which an employer must add a certain percentage of an employee's earnings every...
American Financial PartnerAug 31, 20213 minHow SIMPLE IRA Plans WorkA SIMPLE IRA is a retirement savings plan for employers with 100 or fewer employees. While SIMPLE IRAs are, as the name implies, pretty...
American Financial PartnerAug 31, 20214 minUnderstanding Simplified Employee Pensions (SEP)A SEP IRA can be a great retirement plan option for the self-employed and small business owners. It allows employers to put money away...
American Financial PartnerAug 31, 20214 minSolo 401(k) Plans for the Self-EmployedSelf-employed workers often have a lot more freedom than their traditionally employed counterparts, but they face unique challenges, too....
American Financial PartnerAug 31, 20215 minRetirement Plans for Self Employed AmericansA number of retirement plans are available to business owners, independent contractors, and people who work for themselves outside of...
American Financial PartnerAug 30, 20216 minWhat Is An HSA & How Does It Work?A health savings account (HSA) is a tax-advantaged investment account you can contribute to if you have a high-deductible health...
American Financial PartnerAug 30, 20214 minUnderstanding 457 PlansA 457 plan is a type of employer-sponsored, tax-advantaged retirement account available to state and local government employees, and...
American Financial PartnerAug 30, 20214 minThe Basics of Roth 403(b) PlansIf you work for a nonprofit organization, you may have the opportunity to contribute to a Roth 403(b) retirement plan. A Roth 403(b) is a...
American Financial PartnerAug 30, 20214 min403(b) Retirement Plans for Teachers & Non-Profit EmployeesUnless you're a teacher or an employee of a tax-exempt organization, you may not be familiar with the 403(b). Named after the section of...
American Financial PartnerAug 26, 20216 minWhat Is a Defined Benefit Plan?A defined benefit plan is very different from a defined contribution plan. Find out here how a defined benefit plan works. A defined...
American Financial PartnerAug 26, 20214 minWhat Is a Defined Contribution Plan?If your employer offers a retirement plan, chances are it's one of these. Defined contribution plans are employer-sponsored retirement...
American Financial PartnerAug 25, 20215 minEmployer-Sponsored Plan for RetirementAn employer-sponsored retirement plan is a workplace benefit offered by some companies to help provide workers with income in retirement....
American Financial PartnerAug 25, 20214 minProfit Sharing PlanA profit sharing plan is a type of savings plan that enables workers to share in the profits of the company for which they work....
American Financial PartnerAug 25, 20213 minNonqualified Retirement PlansNonqualified retirement plans are employer-sponsored retirement plans that are not subject to the rules laid out in the 1974 Employee...
American Financial PartnerAug 25, 20214 minQualified Retirement PlansA qualified retirement plan is a specific type of retirement plan that confers tax advantages to employers and employees. Qualified...
American Financial PartnerAug 24, 20219 minWhat Is a Backdoor IRA?It can help high-income earners save a lot of money in retirement. No one wants to pay more at tax time. But many retirees do --...
American Financial PartnerAug 23, 20215 minUnderstanding Roth IRAsWhat is a Roth IRA? A Roth IRA is an individual retirement account that enables your money to grow tax free. What's unique about Roth...
American Financial PartnerAug 23, 20215 minWhat is an IRA and How Does it Work?An IRA is an investment account that provides tax breaks for retirement savings. Investing money in an IRA is one of the best ways to...