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 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 […]
How to get started investing in your 30s if you’ve never invested before, with a look at life events, financial balance, and more.
There’s a little less than three months left in 2016. You might not think that there’s much you can do to influence your tax situation, but the truth is, there’s still lots of time to save on your taxes before the end of the year. And I’m not talking about going Donald Trump-style and losing […]
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 […]
Don’t overload your 401k with company stock. Keep your 401k diversified.
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 […]
If your employer matches your contribution under you 401K plan, you must avail this and invest the maximum permissible amount. This is like your additional income. And your investment grows with the power of compounding. If you want to learn more check out these resources: How to Maximize Your Employer’s 401k Contribution How Rollover a […]
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 […]
Investments in retirement accounts are generally tax deductible. Your money compounds without taxation. There are different retirement accounts options. Some accounts even allow tax free withdrawal. Study, compare and decide. If you want to learn more check out these resources: The Best 401k Moves You Can Make The Pros and Cons of a Roth 401k
If you are working for a profit organization, use a 401(k) plan for retirement savings. Put the maximum savings allowed into a tax-deferred investment account. Be sure to contribute enough money to get the employer match if offered by your company. Allocate the money in your retirement plan depending on the amount of risk you are […]
When signing up for benefits this year, you may notice something different when it comes to your 401k contribution – opt-out auto-escalation. Confused? It’s the idea that employees need to decide NOT to join the 401k and NOT to increase contributions each year, rather than opt in. When enrolling in your benefits, you’ll notice something similar […]
If you’re under 40, chances are you’ve changed jobs at least 3 times – if not more. The statistics show that the average millennial will only stay at a job for 4.4 years on average. That means 2-3 jobs before they are 35. Changing jobs can be great – higher pay, more benefits, etc. […]
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 […]