Sridhar Boppana - Sridhar Boppana

February 11, 20240Comments

The Financial Advisor’s Playbook: Comparing 7702 Plans and 401(k)s for Optimal Retirement Savings

Summary: In today’s financial landscape, individuals navigate the complexities of retirement planning, weighing the merits of 7702 Plans against traditional 401(k)s. The 7702 Plan, which combines life insurance with a

by Sridhar Boppana

401k

February 8, 20240Comments

The Hidden Costs of 401(k) Employer Matches: What You’re Really Leaving Behind

KEY TAKEAWAYS 29% of employees fail to contribute enough to capture their full employer match, forfeiting an average of $1,336 annually in free retirement money Vesting schedules cost 1.87 million Americans $1.5

by Sridhar Boppana

401k

February 6, 20240Comments

The Great Debate: Investing in 401k vs Buying Real Estate

Summary: In the dynamic world of retirement planning, the debate between investing in a 401k and real estate stands out. This blog post delves into the unique benefits and challenges

by Sridhar Boppana

401k

February 4, 20240Comments

Making a Difference After Retirement: Donating Your 401(k) to Charity

Summary: The blog post explores the intricacies of donating 401(k) funds to charity, emphasizing that direct charitable donations from 401(k)s are not typically feasible. Instead, rolling over 401(k) funds into

by Sridhar Boppana

401k

February 3, 20240Comments

Can You Keep Contributing to Your 401(k) While on Disability? The Truth About Retirement Savings When Income Stops

Key Takeaways Most disability payments do NOT qualify for 401(k) contributions because they aren't considered "earned income" by the IRS One in four Americans will become disabled before retirement age, yet disability

by Sridhar Boppana

401k

February 1, 20240Comments

Exploring the Differences: Self-Directed IRA or Solo 401k for Your Retirement?

Summary: This blog post explores the critical decision between a Self-Directed IRA and a Solo 401k for self-employed individuals and small business owners. It highlights the Solo 401k’s higher contribution

by Sridhar Boppana

401k

January 29, 20240Comments

401(k) Plans in the Nonprofit Sector: A New Trend or a Misconception?

Summary: In the evolving landscape of nonprofit retirement planning, the shift towards 401(k) plans emerges as a significant trend. These plans offer a range of benefits, including tax-deferred growth, employer

by Sridhar Boppana

401k

January 27, 20240Comments

The Legal Intersection of 401k Plans and Child Support Obligations

Summary: In the complex intersection of 401k plans and child support obligations, individuals face a myriad of challenges and considerations. The blog post delves into the nuances of how child

by Sridhar Boppana

401k

January 25, 20240Comments

2024’s Retirement Game-Changer: Higher 401k Contribution Limits and Strategies

Summary: In 2024, the 401k landscape evolves with increased contribution limits, presenting new opportunities and challenges for retirement planning. The employee contribution limit rises to $23,000, with a $7,500 catch-up

by Sridhar Boppana

Term Life Insurance

January 23, 20240Comments

Simplified Issue Term Life Insurance: Fast Coverage for Life’s Unexpected Turns

Summary: The main theme revolves around the convenience and accessibility of Simplified Issue Life Insurance. This type of life insurance policy stands out for its quick approval process, requiring no

by Sridhar Boppana

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