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864 Search Results

Guide to Demand Deposit Accounts (DDA)

Guide to Demand Deposit Accounts (DDA)

https://www.sofi.com/learn/content/what-is-a-demand-deposit-account/

…a trademark of Mastercard International Incorporated. 4.00% APY SoFi members with direct deposit activity can earn 4.00% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on…


Can a Married Couple Have Two Roth IRAs?

Can a Married Couple Have Two Roth IRAs?

https://www.sofi.com/learn/content/married-couple-two-roth-iras/

…combined MAGI of less than $230,000 may contribute up to the full contribution limit. ◦  Married couples filing jointly with a combined MAGI between $230,000 to $240,000 may contribute a reduced…


How To Make Changes to Your 401(k) Contributions

How To Make Changes to Your 401(k) Contributions

https://www.sofi.com/learn/content/how-to-make-changes-to-your-401k-contributions/

limit for 401(k) plans for 2024 is $23,000 for participants under age 50. Those 50 and older can save an extra $7,500 in “catch-up contributions”, for a total of $30,500….


Understanding the Basics of an Employee Savings Plan

Understanding the Basics of an Employee Savings Plan

https://www.sofi.com/learn/content/employee-savings-plan-basics/

…The IRS has limitations, such as only being able to borrow the lesser of 50% or $50,000. You’ll pay interest just as you would with any other loan, but that…


Safe Harbor 401(k) Plan: What Is It? Is It for You?

Safe Harbor 401(k) Plan: What Is It? Is It for You?

https://www.sofi.com/learn/content/safe-harbor-401k/

…that number is $69,000 (76,500 for those over age 50). Regular employees are allowed the standard maximum contribution limit of $22,500 in 2023 and $23,000 in 2024, plus anyone over…


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