My artistic padlet by Xavier Chase https://padlet.com/02xchase/9y266spugcqnqlk2 Made with a lightning strike of genius en-us 2021-01-12 04:39:36 UTC 2025-10-08 14:56:20 UTC hello@padlet.com Xavier Chase 02xchase https://padlet.com/02xchase/9y266spugcqnqlk2/wish/1077025112 My Artistic 401K money Padlet]]> 2021-01-12 04:41:55 UTC https://padlet.com/02xchase/9y266spugcqnqlk2/wish/1077025112 Xavier what is a 401K? 02xchase https://padlet.com/02xchase/9y266spugcqnqlk2/wish/1077027648 A 401K is a retirement savings plan in which you give a certain percentage of your salary to your retirement fund]]> 2021-01-12 04:43:29 UTC https://padlet.com/02xchase/9y266spugcqnqlk2/wish/1077027648 What are some Advantages of a 401K 02xchase https://padlet.com/02xchase/9y266spugcqnqlk2/wish/1077031620 1. You can invest up to $19,000 a year 
2.Regardless of income Anyone can invest into their employers 401K]]> 2021-01-12 04:45:53 UTC https://padlet.com/02xchase/9y266spugcqnqlk2/wish/1077031620 What are some disadvantages of a 401K 02xchase https://padlet.com/02xchase/9y266spugcqnqlk2/wish/1077036192 1. Any new company will have to wait on a 401K plan
2. At the age of 70 1/2 you have to start withdrawing money out of your account or you'll have to pay a fine]]> 2021-01-12 04:48:44 UTC https://padlet.com/02xchase/9y266spugcqnqlk2/wish/1077036192 Whats a Roth IRA 02xchase https://padlet.com/02xchase/9y266spugcqnqlk2/wish/1077040209 A Roth IRA (Individual Retirement Arrangement) is a retirement savings account you can open yourself.  ]]> 2021-01-12 04:51:14 UTC https://padlet.com/02xchase/9y266spugcqnqlk2/wish/1077040209 What are some advantages ? 02xchase https://padlet.com/02xchase/9y266spugcqnqlk2/wish/1077042486 1. you don’t have a third-party administrator deciding which funds you can invest in, so you can choose any mutual fund you like.
2. You can open an Roth IRA account at anytime ]]> 2021-01-12 04:52:40 UTC https://padlet.com/02xchase/9y266spugcqnqlk2/wish/1077042486 What are some Disadvantages of a Roth IRA 02xchase https://padlet.com/02xchase/9y266spugcqnqlk2/wish/1077044669 1.  If you’re single or the head of a household, your modified adjusted gross income (MAGI) has to be less than $122,000 to contribute the full amount to a Roth IRA. 
2. You can only invest up to $6,000 in a Roth IRA each year ]]> 2021-01-12 04:54:01 UTC https://padlet.com/02xchase/9y266spugcqnqlk2/wish/1077044669 Xavier If you had to pick which one would it be? 02xchase https://padlet.com/02xchase/9y266spugcqnqlk2/wish/1077046752 Since I want to be my own business man I would like a Roth IRA because I would want to put the most money anyway as soon as possible so I can use the other to invest and then by the end of my working career be taken care of with the most money when I started at a young age. ]]> 2021-01-12 04:55:18 UTC https://padlet.com/02xchase/9y266spugcqnqlk2/wish/1077046752