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864 Search Results

Understanding the 403(b) Retirement Plan: A Comprehensive Guide

Understanding the 403(b) Retirement Plan: A Comprehensive Guide

https://www.sofi.com/learn/content/403b-retirement-plan/

…much higher contribution limits than IRAs. IRA contributions are $7,000 for 2024 for individuals under age 50, compared to $23,000 in contributions for a 403(b). IRA contributions are $6,500 for…


How to Pay for Dental School

How to Pay for Dental School

https://www.sofi.com/learn/content/how-to-pay-for-dental-school/

…they are willing to pay for their education. According to the ADA, there are 70 accredited dental schools throughout the United States and 10 in Canada. Ways to Pay for…


How Many Life Insurance Policies Can You Have?

How Many Life Insurance Policies Can You Have?

https://www.sofi.com/learn/content/how-many-life-insurance-policies-can-you-have/

…$1 million, each for a different term. For example: •  A 10-year term life policy for $500,000 worth of coverage. •  A 20-year term life policy for $300,000 worth of coverage. •  A…


HELOC vs Home Equity Loan: How They Compare

HELOC vs Home Equity Loan: How They Compare

https://www.sofi.com/learn/content/heloc-vs-home-equity-loan/

…payment on the home equity loan •   Have a good credit score (typically 680 or over, though many lenders prefer 700-plus) •   Have a debt-to-income ratio of 36% to 50%…


What Is the Roth IRA 5-Year Rule? Are There Exceptions?

What Is the Roth IRA 5-Year Rule? Are There Exceptions?

https://www.sofi.com/learn/content/roth-ira-5-year-rule/

…Investors 50 and older are allowed to contribute an extra $1,000 in catch-up contributions. For 2023, the maximum IRS contribution limit for Roth IRAs is $6,500 annually. Investors 50 and…


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