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770 Search Results

401(a) vs 401(k): What's the Difference?

401(a) vs 401(k) Compared

https://www.sofi.com/learn/content/401a-vs-401k/

…employer-sponsored retirement account typically available to government workers and employees at educational institutions and nonprofits. Employer contributions are mandatory, while employee contributions may be voluntary. •   A 401(k) plan is…


How to Pay Off Dental School Debt and Thrive as a New Dentist

How to Pay Off Dental School Debt

https://www.sofi.com/learn/content/dental-school-debt-pay-off-dentist-student-loans/

…option if you start your career at an eligible nonprofit or public service agency. Work for a local, state, tribal, or federal government organization or for a nonprofit organization, and…


Guide to Transferring 401(k) to a New Job

Guide to Transferring 401(k) to a New Job

https://www.sofi.com/learn/content/roll-401k-change-jobs/

…or another employer’s plan. Otherwise, it may be considered a taxable distribution and may be subject to penalties. This is primarily the case for indirect rollovers, but check with your…


Understanding Individual Retirement Accounts (IRAs): A Beginner's Guide

What Is an IRA?

https://www.sofi.com/learn/content/what-is-an-ira/

…to income tax when it’s withdrawn. Contributions to a traditional IRA are typically tax-deductible because they can lower an individual’s taxable income in the year they contribute. Traditional IRAs have…


Common Questions About Investing — Answered

Common Questions About Investing — Answered

https://www.sofi.com/learn/content/investing-questions-answered/

…CDs, you may be able to take advantage of the power of compounding. Compound interest is the phenomenon of earning interest on your interest. Essentially, the way it works is…


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