Savings, Retirement and Investing Expert
Hunter Kuffel is a personal finance writer with expertise in savings, retirement and investing. Hunter is a Certified Educator in Personal Finance® (CEPF®) and a member of the Society for Advancing Business Editing and Writing. He graduated from the University of Notre Dame and currently lives in New York City.
Posts by Hunter Kuffel:
Pensions once held the distinction of the most popular employer-sponsored retirement plan in the country. However, due to the much higher cost on employers, pensions have become significantly less popular, especially for non-government employees. In their place, more employers are offering 401(k)s. Typically employers will offer either a pension or a 401(k), but not both, so it’s unlikely you’ll ever have to choose between the two. However, odds are that you or someone close to you will enroll in one of these plans at some point in your career, so it’s helpful to understand how they’re similar and how they differ. Read more
Rolling over your 401(k) plan to a Roth IRA is a taxable event. You’ll have to pay income tax on your contributions, your employer-match contributions and all earnings. Depending on the size of your account, this could push you into a much higher tax bracket, so you shouldn’t proceed before you’ve done the math. You may also want to consult a financial advisor to make sure this move is the right one for you. In the meantime, here’s what you need to know about the two-step process of rolling over your 401(k) first to a traditional IRA and then converting the traditional IRA into a Roth IRA. Read more
Although cryptocurrency has only been around for a short time, it’s already expanded into a wide, convoluted universe that can be difficult to understand for the uninitiated. But with Bitcoin and other cryptocurrencies seeing wild fluctuations in price, there’s an opportunity for big gains, if you can stomach the risk. A financial advisor can help you create a financial plan to help you reach your investment goals. Read more
If you run your own business, you need a way to identify it to the government when it comes time to do your taxes. The same is also true if you’re the executor of an estate, the creator of a trust or… Read more
An advance directive can be an important aspect of your estate planning strategy and emergency preparations. Having one can assure you that you’ll receive the medical treatment you want if you lose… Read more