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864 Search Results

How to Convert a Traditional 401(k) to a Roth IRA

How to Convert a Traditional 401(k) to a Roth IRA

https://www.sofi.com/learn/content/roll-401k-into-roth-ira/

…under $230,000 can contribute the full amount, those whose MAGI is $230,000 to $240,000 can contribute a partial amount, and those making more than $240,000 can’t contribute to a Roth…


Guide to Personal Installment Loans: What You Need to Know

Guide to Personal Installment Loans: What You Need to Know

https://www.sofi.com/learn/content/personal-installment-loans/

…term Predetermined No fixed term Interest charges Interest applied to entire balance Interest applied to outstanding balance Credit limit Borrow a lump sum up front Pre-approved credit limit/td> Interest rates…


Should You Use Your 401(k) as a First-Time Home Buyer?

Should You Use Your 401(k) as a First-Time Home Buyer?

https://www.sofi.com/learn/content/401k-first-time-home-buyer/

…purchase. He pays back $5,000 including interest, but still owes $25,000 when he takes another job. The remaining $25,000 would be deducted from his 401(k) as an offset, leaving $75,000…


Savings Bonds Defined And Explained

Savings Bonds Defined And Explained

https://www.sofi.com/learn/content/what-are-savings-bonds/

…Savings Bonds, there’s a purchase limit per year of $10,000 in bonds for each series (meaning you can invest a total of $20,000 per year), plus a $5,000 limit for…


Setting Up a Retirement Account for Your Child

Setting Up a Retirement Account for Your Child

https://www.sofi.com/learn/content/setting-up-retirement-for-children/

…2023, the IRA contribution limit is $6,500. If you’re 50 or older, you can add another $1,000 to help you catch up for retirement. The same rules apply to custodial…


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