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Can $6,000 IRA Contributions Really Add Up?

A wise person once said that humans tend to overestimate what they can accomplish in the short term and underestimate what they can accomplish in the long term.  This holds very true for IRA contributions, especially now that the annual contribution limit is $6,000 for 2021.  For those age 50 and above, the limit is $7,000.   IRAs offer a […]

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Which Should You Do? – Contribute to an IRA or Participate in a 401(k) Plan

Ideally, you should do both if you can afford it.  Having enough funds to afford the retirement lifestyle you desire is an important goal for many.  IRAs and 401(k) plans both offer a tax-advantaged way to accumulate funds.   Step One In most cases, participating in a 401(k) plan should be your first choice.  Examine the terms of your plan […]

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15-Year vs. 30-Year Fixed-Rate Mortgages: Which One is Right for You?

Wondering whether a 15-year or 30-year mortgage is right for you? This guide breaks down the pros, cons, and costs to help you make the best financial choice.

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