Roth 401(k) vs. traditional 401(k): do you know which one is right for you? If not, here are some things to consider before you pick one!
How to get started investing in your 30s if you’ve never invested before, with a look at life events, financial balance, and more.
Here are our top five tips to help you better manage your 401k so that you can invest confidently and know that you’re building wealth for the future.
Wondering what’s the difference between a 401(k) and a 403b? This post will break down the similarities and differences you need to consider
401(k) limits tend to increase each year. If you want to max out your retirement account, check out the 2018 and 2019 401(k) contribution limits.
We compare the most popular solo 401k options from providers such as Fidelity, Vanguard, Schwab, Etrade, and more to show you the best prices.
This is a guest post by Eric Rosenberg, a full-time freelancer and blogger at Personal Profitability. Eric writes about personal finance and entrepreneurship at InvestmentZen, his own blog, and other sites around the web. Your first day of work is a whirlwind. Meeting new people, getting your employee ID, learning your way around, figuring out […]
Opening a solo 401k for your small business can make a lot of sense financially. When you’re self employed, the solo 401k allows you to save the most money versus all of the other self employed retirement plans (SEP-IRA, SIMPLE IRA, Keogh Plan). It is even better if you and your spouse run your business […]
You likely know that, if you leave your employer, you should roll over your old 401k into a Rollover IRA (Individual Retirement Account). This strategy typically gives you more options for investment and flexibility with your money. But did you know that you can also do a reverse rollover? This is where you take your […]
I’m a big fan of methods and orders of operations for doing things. I think that it is essential to have a set plan for executing tasks, especially long term tasks like saving for retirement. But what’s the best way to go about funding retirement? What is the proper order to save? Remember back in […]
By the time retirement rolls around, most Americans have saved less than half of the amount that experts recommend. Instead of being an unprepared statistic, make a resolution to max out your retirement savings, and let compounding interest bolster your savings. The IRS changes annual retirement contribution limits each year. As a result, it can […]
Can you believe that there are only two months left in 2014? Where did the year go… It seems like just yesterday we were talking about taxes (oh, because we were talking about taxes – early filers…). Anyway, now is the time to start making some end of the year plans, especially when it comes […]
Did you know that how you contribute to your 401k matters when it comes to getting the most money from your employer? You’ve heard the saying “take advantage of your employer’s matching contribution because it’s free money”, but are you taking advantage of all of it, or are you leaving some on the table? You’d be […]
Auto-escalation of 401(k) plans is the new trend in saving for retirement with more plans offering opt-out auto-escalation for employees.
Millennials change jobs every four to five years, so it’s important to roll over your 401(k) to keep all of your investments consolidated.
This year, my employer started offering a Roth 401k for the first time. Although they’ve been around for a couple of years, only recently have more and more employers started offering them. I’ve been contributing to my traditional 401k since I was first able to, so I wasn’t sure about switching over to a Roth […]
When it comes to saving for retirement, you have so many options in front of you that it’s difficult to make an excuse not to get started. I’ve never worked for a company that offered employer-based retirement plans — that was my excuse for not getting started. But, the truth is you don’t have to […]
Editor’s Note: I’ve added a few sections in this article to point you to some new information. This article was last published on January 10, 2014, so make sure to follow the links if you want more recent information. Still, I feel the findings in this article are relevant and will help you to think about […]
Recently, I left my employer of four years and one of the many things I had to consider was what to do with my 401(k). I never realized how much work it was to leave your job: I had to figure out which day I was going to quit on, what to do with my 401(k) […]
Are you currently invested in a 401(k)? If so, I would naturally assume that you’re invested through your employer. This is by far the most common way that people start to invest in their future. While many employers offer the 401(k) option (which is great) and some of them even match your contributions (which is […]
For the most part, having a 401(k) investment is pretty simple, especially if it’s offered through your company. You let your company know what percentage (or what dollar amount) you’d like to invest, and it’s automatically withdrawn from your paycheck and put into your 401(k). The money gets divided into your preselected investments and presto, […]
I am the kind of person that likes to know where my money is and have as much control over it as I can. Maybe it stems from paying off my student loan and credit card debt years ago and turning a new page on finances, or maybe it is part paranoia, but I am someone […]