Note that a good investment/financial advisor is very knowledgeable on this front and should be able to guide you in the specifics of using retirement accounts (along with a variety of other investment vehicles) […]
From the 401(k) Tag
This amount changes each year. For 2019, the limits are as follows: IRA: $6,000 per person ($7,000 if age 50 or older). 401K: $18,500 per person ($24,500 if age 50 or older). SEP: $56,000 […]
You can take a distribution from your 401(k) without penalty only if you leave employment or the plan terminates, you turn 59 ½ years old, or you qualify for a hardship withdrawal. The penalty […]