401k

Don't Make This Costly 401(k) Mistake When Switching Jobs

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How You Could Avoid 5 IRA & 401K Mistakes

How much money have you saved in your IRA or 401K? Making contributions to one of these tax-deferred retirement accounts is easy. But withdrawing this money in retirement… gets complicated.&hel...

Seven 401(k) Mistakes That Could Tank Your Retirement

401(k) mistakes like cashing out early and not taking advantage of an employer match can upend your retirement....

New Job? Time to Start a 401(k) Plan

Whether you're starting a new job or have never opened a 401(k) account, it's time! Here's how to open an account in five steps....

401(k) Balance by Age: How Do You Measure Up?

According to Vanguard’s 2024 How America Saves Report, the average 401(k) balance for participants in 2023 was $134,128, with a median balance of $35,286. Vanguard participants’ average ac...

Is Professional 401(k) Account Management Really Worth It?

401(k) account management is an option for anyone with a 401(k) – no matter how close or far you are from retirement. Even if you have some basic investment knowledge, you might want to consider...

You Could Be a 401(k) Millionaire. Here’s How

Joining the ranks of 401(k) millionaires can be withing your sights with these four strategies....

What Should You Do with Your Old 401(k) When Changing Jobs?

Congratulations. You’ve worked hard to save money in your 401(k) or 403(b). But, if you’re like most Americans, you’re likely to change jobs (and employers) multiple times during you...

Should You Keep Your 401(k) When You Retire?

Here are three primary reasons you might want to consider moving your retirement money from your 401(k) to an IRA once you retire....

How to Protect Your 401(k) in a Down Market

If your 401(k) balance nosedives in a down market, use these four strategies to safeguard your funds....

Saving to Be a 401(k) Millionaire? Plan for Taxes Now

Your tax bite in retirement could be excruciating. Here's why super savers need to get serious about protecting themselves....

It's National 401(k) Day: Have You Checked Your 401(k) Balance?

National 401(k) Day is a great opportunity to review and if need be, revamp your 401(k), as well as any other retirement holdings....

Want to Quit? Check Your 401(k) Employer Match First

Here are some factors to consider if you want to quick, but don't want to lose gains on retirement funds....

Is a 401(k) Worth It? Here are the Pros and Cons

A 401(k) is worth it for most people, but are you one of them? There are seven pros and four cons to consider....

How to Roll Over Your 401(k) Without Costly Regrets

Rolling your 401(k) over to an IRA the wrong way could cost you big-time in taxes and penalties. It’s worth it to consult a professional first....

What to Do If You’re Behind on 401(k) Savings

Given the increase in the cost of retirement, it’s no wonder many are worried they are behind on 401(k) savings. According to the Northwestern Mutual 2024 Planning & Progress Study, “A...

Why Early 401(k) Withdrawals May Derail Your Retirement

Early 401(k) withdrawals are soaring. According to the Vanguard Group, “A record-breaking number of Americans are making emergency withdrawals from their 401(k) retirement plans in order to cove...

Should I Max Out My 401k? A CFA Who Retired Young Answers

Should you max out your 401k? It’s an intimidating idea. Before jumping into why you should max out your 401k, let’s step back. If you are under 50, you are allowed to contribute up to $22...

401(k) Plans: What You Need to Know Now

A 401(k) is a powerful retirement tool. Here's how they work and why your older self will thank you for investing in one....

Strategies to Maximize Your 401(k) Contributions

Saving for your financial future requires more than the bare minimum. Given the cost of today’s retirement, it’s worth doing what you can now to maximize your 401(k) contributions. Why 401...

A Strong Year for 401(k) Balances Masks the Truth About Long-Term Performance

Meaningful balances require continuous coverage and for that we need a national mandate. It’s always interesting to look at Vanguard’s most recent edition of “How America Saves.&rdqu...

Rolling Over Your 401(k)? This Common Mistake Could Cost You $130,000

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The Average 401(k) Balance Rose 19% Last Year. How Do You Compare?

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Rolling Over a 401(k) Into an IRA

Thinking of rolling over a 401(k) into an IRA? There are tax and flexibility advantages. But tread carefully....

Tax-Savvy Retirement: Mastering Your 401(k) Tax Implications

When it comes to investing for your financial future, understanding the tax consequences is important to growing wealth. Because it’s not just what you make, it’s what you keep, that count...

Roth 401(k) vs. 401(k): Which Is Right for You?

The Roth 401(k) vs. traditional 401(k) decision can mean the difference between higher taxes now or in retirement. It's your choice....

Early 401(k) Withdrawals: Benefits, Risks and Alternatives

If you need money now and are thinking about tapping your 401(k) savings, you might want to consider other available options....

New 401(k) Early Withdrawal Penalty Rules for 2024

More people are taking early emergency withdrawals from retirement savings accounts. New tax rules might offer some relief....

Will My Employer Know If I Take a 401k Loan? A Closer Look

Many employees wonder if their employer will find out when they take a 401k loan. When you borrow money from ... Read more...

Check Your Statements–There Are Record High 401(k) Savings in 2024

Fidelity Investments recently released a report on 2024 trends, and Q1 shows record high 401(k) savings in 2024. Read on to discover more about the current 401(k) savings rate, why rates have increase...

IRA vs Roth vs 401(k): Which Do You Pick?

All offer great tax breaks as you save for retirement. In addition, there are 403(b), SEP and SIMPLE plans and more. But don't worry. It’s hard to go wrong....

SEP IRA vs. Solo 401(k): Which Is Better?

Two retirement plans, the solo 401(k) and SEP IRAs, allow small business owners and the self-employed to save up to $69,000 annually....