100 Search Results
100 Search Results
https://www.sofi.com/learn/content/what-is-a-taxable-account/
Table of Contents What Are Taxable Brokerage Accounts? What Is an IRA? Taxable Brokerage Accounts vs IRA Accounts Tax Advantages of an IRA vs Taxable Brokerage Account Which Type of Account Is Best for Me? Pros and Cons of Taxable Brokerage Accounts Is it Smart to Have Both an IRA and a Taxable Brokerage Account? […]
https://www.sofi.com/learn/content/roth-tsp-vs-roth-ira/
Both Thrift Savings Plans (TSPs) and Individual Retirement Accounts (IRAs) come in traditional and Roth versions. One of the main differences between a Roth TSP vs. Roth IRA is who can contribute. Federal employees and members of the military can save in a Roth TSP. Anyone with earned income that’s within IRS income thresholds can […]
https://www.sofi.com/learn/content/what-is-unearned-income/
There are two basic types of income: earned and unearned. Earned income is the money you make from working, and unearned income is money you receive that isn’t tied to a business or job. The difference between these two types of income is very important when it comes to saving for retirement and paying your […]
https://www.sofi.com/learn/content/short-vs-long-term-investments/
Unsure of the difference between long-term and short-term investments? We examine the characteristics of each and when to use them.
https://www.sofi.com/learn/content/how-does-a-roth-401k-work/
A Roth 401(k) is a type of retirement plan that may be offered by your employer. You contribute money from your paychecks directly to a Roth 401(k) to help save for retirement. A Roth 401(k) is somewhat similar to a traditional 401(k), but the potential tax benefits are different. Here’s what you need to know […]
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