401(k) facts everyone should know: Fact 1: What is a 401(k)? → A 401(k) plan is a company-sponsored retirement account to which employees can contribute… | 27 comments on LinkedIn
The 401k is easily one of the best tax-advantaged retirement accounts out there. In order to keep your contributions on target for your age, we’ll break down how much should have in your 401k retirement account based on your age. We'll also go over the core things to know about a 401k so you can make the best decisions
Investing is scary! But so is being 65 & broke. Learning to invest in mutual funds is crucial! My ultimate guide walks thru all you need to know, just . . .
Napkin Finance is a quick and easy way to learn what is 401k, 401k Loan, Retirement, IRA vs. 401K, and Traditional IRA without dying of boredom.
The short answer: it depends.
A 401(k) is one of the best retirement accounts out there! Learn how to maximize your 401(k) benefits - setting yourself up to protect and grow your...
If you're low on cash, you might be wondering if it's a good idea to borrow from your 401(k). Learn the pros and cons and make the best decision for yourself.
There are disadvantages of doing nothing with your 401(k) or 403(b) when changing employers. Here's why you'll want to 'roll it over' instead.
Learn how to take money out of your 401(k) depending on your situation. Also find out whether you'll pay a penalty, or if you should roll over your account to avoid fees.
Today is National 401k Day. Most people know how important it is to maximize their contributions and that they need to take advantage of employer's matching, as it's basically free money. Experts share their most unique tips and tricks to "hack" your 401k that you may not have heard elsewhere.
Discover valuable 401k tips to maximize your retirement savings. Learn how to overcome fears and confusion surrounding 401k plans and make the most of this powerful retirement savings tool. From understanding what a 401k is to optimizing contributions, investing wisely, and updating beneficiaries, t
If you have access to a 401(k) plan through your job, learn more about employer matching and saving on taxes, plus how it can help you save and invest for retirement.
Think your 401k match isn't a big deal? Read to learn why a 401k employer match is so powerful for wealth building and why you need to get it!
A true self-directed IRA (traditional or Roth), is a retirement account YOU control and can be invested in more than what Wall Street offers.
Investing is key to building wealth, saving money simply isn't enough. Learn about investing, from basic concepts to more advanced stock, day trading and alternative investment strategies.
The 401k is a common enough term, yet many still have a minor understanding of what it truly means. That […]
The new federal guidelines focus on potential conflicts of interest and what obligations your adviser owes you to help you make wise financial choices
Is a 401K early withdrawal a good idea? Is it even an option for you? Contributing to a 401K means contributing to your future self, and preparing for ...
Withdrawal rules for a 401(k) depend on your age, and individuals can incur a penalty for early distributions from an account.
Investing in your employer’s 401(k), or 403(b), plans is a great way for employees to save and grow their hard-earned dollars! Both plans are employer-sponsored retirement plans. With the 401(k) and 403(b) plans, the money comes directly out of an employees paycheck. Most large companies offer their employees these plans. Traditional and Roth 401 (k’s):...
Learning the ins and outs of 401(k) distributions—aka withdrawals from your 401(k)—will not only prepare you for the day you have to rely on that money, but it will also reinforce the importance of setting it aside now.
Discover valuable 401k tips to maximize your retirement savings. Learn how to overcome fears and confusion surrounding 401k plans and make the most of this powerful retirement savings tool. From understanding what a 401k is to optimizing contributions, investing wisely, and updating beneficiaries, t
Edited and reposted with 2019 updates. This post will cover the key areas of your employer-sponsored retirement plan that you can quickly review and optimize in order to maximize your savings and investment earnings. First
You have a few options when it comes to your old 401(k) - from leaving it to cashing it out, here are the pros and cons to help you decide.
Taking an early withdrawal from a 401(k) retirement account before age 59½ could have steep financial penalties. Sometimes those consequences might be worth it—and they may even be entirely avoidable. Here’s how to decide if a 401(k) early withdrawal is right for you. What Is a 401(k) Early Withdrawal? First, let’s recap: A 401(k) early […]
The after tax contribution limits for Roth 401(k) plans is $16,500 for individuals under 50, and $22,000 for those age 50 and over. The contribution limits apply to all Roth 401(k) plans, but do not prevent you from investing in traditional retirement accounts using pretax or tax deductible contributions.
The I.R.S. increased the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at the changes. This year, you can put up to $6,000 in any type of IRA. The limit...
Retirement plan account fees can take a lot of money from your retirement accounts. It is important to know what fees to watch for and how to avoid them.
The biggest difference between a Traditional 401(k) vs Roth 401(k) is the tax treatment, but that's not the only difference that you need to know.
Wondering about the difference between 401k and ira? Learn the differences between then and how to choose the right one for you!
Saving for retirement can be tricky. Learn the top 5 mistakes people make when it comes to saving for retirement with a 401k, IRA, Roth IRA and more. Plus, get tips on how to fix them and resources to learn more. Before you know it, you’ll be a retirement savings pro!
401k plans aren’t as well understood as they could be. A recent study showed that over 40% of Americans have less than $10,000 saved for retirement. Nearly two-thirds of all workers age 22 and up have access to a retirement plan through their employer, so why are so many
Thinking about a 401k loan? We wrote a detailed article covering the basics of when borrowing against your 401k makes sense. Read it here.
As we journey through life's various phases, it's imperative to consider our future needs, particularly as they pertain to retirement. One of the most prevalent retirement savings options accessible in the United States is the 401(k) plan. Whether you're at the threshold of your career or have acquired several years of work experience, comprehending the nature of a 401(k) and its operational mechanics is vital for establishing a financially secure retirement. In this article, we'll explore the f
If you have access to a 401(k) plan through your job, learn more about employer matching and saving on taxes, plus how it can help you save and invest for retirement.
Think your 401k match isn't a big deal? Read to learn why a 401k employer match is so powerful for wealth building and why you need to get it!
Should I invest in a 401K, traditional IRA, or Roth IRA? How much should I invest for retirement? And what do I do if I max out my retirement account and want to contribute more? This guide simplifies the complicated world of investing for retirement.
Investing is key to building wealth, saving money simply isn't enough. Learn about investing, from basic concepts to more advanced stock, day trading and alternative investment strategies.
A true self-directed IRA (traditional or Roth), is a retirement account YOU control and can be invested in more than what Wall Street offers.
A rollover IRA is an account that can accept funds from a 401(k) or other employer retirement plan, letting you avoid the usual taxes and penalties.
The short answer: it depends.
The 401k is a common enough term, yet many still have a minor understanding of what it truly means. That […]
Contribution limits for 401(k) plans have been raised for 2019. Learn how to take full advantage of 2019 401(k) limits to shelter more of your income.
A 401(a) is a retirement account similar to a 401(k), but there are some key differences. Here's all you need to know about 401(a)s.
