401k

The Average 401(k) Balance by Age

Knowing how your 401(k) balance compares to your peers could be the catalyst to save more....

Is Your 401(k) at Risk from Cyberattacks?

You’ve worked hard to build up your savings to ensure you have a comfortable retirement. What if cybercriminals stole from your 401(k)? Sadly, it’s happening, and experts are fearful it ma...

Should You Convert a Traditional 401(k) into a Roth 401(k)?

If your company offers a Roth 401(k) you can convert your traditional 401(k) to pay lower taxes in retirement....

How to Roll Over a 401(k)

Here's how to roll over a 401(k) to a traditional IRA, Roth IRA or even to a Roth 401(k)....

Expanded 401(k) eligibility is taking businesses by surprise

There's a new method of counting defined contribution retirement plan participants that can make a big difference for clients....

Number of 401(k) Millionaires Surges Thanks to Booming Stock Market

Number of 401(k) Millionaires Surges Thanks to Booming Stock Market...

6 Ways to Boost Your 401(k) Halfway Through the Year

Now that we’re halfway through the year, are you looking for ways to boost your 401(k) savings? Many Americans are struggling to save like they used to, and their retirement accounts are taking ...

How To Build A $1 Million 401(k) With A Savings Strategy

With the recent market jumps, the number of investors with $1 million in their 401(k) has also seen a boom. Here's how you can save and enjoy the next market push....

Understanding 401(k) Basics: Your Path to Retirement Savings

A couple happily learning about the differences between a 401(k) and an IRA at the dinner table. As you journey towards retirement, understanding the fundamentals of retirement savings vehicles like 4...

Roth 401(k) Changes: What You Should Know for 2024

Key changes to Roth 401(k) account rules may affect your tax planning and retirement savings....

5 Ways to Maximize Your IRA & 401K in Retirement

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. Th...

Top 5 401(k) Questions Answered

It’s important to your retirement savings and to your future retirement lifestyle to understand what you’re invested in. If you have a 401(k), this begins with asking questions – the...

White-Black 401k Gap Widens for the Old and the Rich

The stark difference in Black and White workers’ wealth is old news. But now we have some fresh information about the wealth gap: it grows as people age and move through their retirement years. ...

How to Become a 401(k) Millionaire

More Americans are entering the 401(k) millionaire club. In fact, 422,000 retirement savers are now labeled 401(k) millionaires¹. It’s not a surprise we are seeing a rise in questions about...

Ascensus Buys Vanguard Small Business Division: What Should You Do Now with Your Individual (Solo) 401(k)?

By Dr. Jim Dahle, WCI Founder I am continually surprised by the amount of panic in white coat investors who see news announcements that might affect their financial plans. Please remember that there i...

Why Decreasing 401(k) Contributions Is a Bad Idea

A recent survey revealed that 24% of respondents are thinking about decreasing 401(k) contributions to free up more money.¹ We get it. Times are hard for some people right now. If you are stresse...

Should Your 401(k) Be Eliminated to Save Social Security Benefits?

Some economists argue that tax-advantaged retirement plans are not as beneficial as they seem....

The Earlier You Take Advantage of Your 401(k), the Better

The power of compound interest can turn modest contributions into big savings for retirement....

6 Questions Every 401(k) Investor Needs to Ask ASAP

If you’ve taken a new job, chances are you were automatically enrolled into a new 401(k), handed a welcome packet, and then left wondering what to do. The problem is that 63% of Americans don&rs...

401(k) Rollover Mistakes to Avoid

Whether you’ve lost your job or plan on changing jobs in the near future, there are common 401(k) rollover mistakes you need to be aware of. Ignore these, and a rollover could take a chunk out o...

5 Perks of Saving for Retirement in a 401(k)

Saving for retirement is essential, and a 401(k) plan can be an effective way to have a comfortable retirement. Yet, according to a 2023 survey, 4 in 10 workers with a 401(k) don’t contribute.&s...

Have You Reached 59½? Time to Rethink Your 401(k) Options

A rollover IRA might be in order to help protect your retirement savings from potential (and potentially disastrous) market downturns....

Debunking The 401(k) Doomsday Predictions

Despite the recent surge of click-baity headlines surrounding a recent white paper, the 401(k) remains a sound and popular option for individuals saving for retirement....

Should I Stop Contributing to My 401k?

The easiest way to become a millionaire is to max out your 401k contributions every year. It’s a lot of money to put away but trust me. Your 401k will grow and become the foundation of your port...

401(k) Early Withdrawals May Cost You More Than You Think

Americans are taking early withdrawals from their 401(k)s at record rates “across different ages and income levels.”¹ According to Capitalize, “Half of Americans have made early...