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401k Center Questions
- Should I Roll My 401K To An IRA?
- How is a SEP Different From an IRA and 401(k)?
- How Do 403(b) and 457 Plans Differ From a 401(k)?
- What Do I Need to Know About My 401(k)
- Is Your 401k Working For You?
401k Center News
The 401(k) plan is one of the most widely-utilized wealth creation tools offered Americans. These retirement savings plans have several advantages, including dollar cost averaging, tax savings and tax deferral. However, one of the most powerful advantages is the company match. If your company offers a match, are you making the most of it?
Recently the Department of Labor (DOL) and the Treasury asked the public to comment on whether the idea of requiring employers to offer lifetime annuities as a rollover option for 401(k) plans is a good idea.On the surface this is a good idea with much…
Smart Money recently ran an article depicting several small companies where either the owner or a group of senior managers were in charge of the firm’s 401(k) plan and who were largely making decisions regarding the plan on their own. The article poi…
Conventional wisdom has long told us that when we leave employment – either by taking another job, getting laid off, or retiring – it makes good sense to rollover our 401(k) plans to either an IRA or to our new employer’s 401(k) plan if that makes sense.
However – and if you read here much, [...]
If you were to get on the Internet and poll the financial gurus, the message you would get load and clear is: Save Money. No matter how much you’ve saved, you will be woefully short when you get to retirement.
The first suggestion of these pundits? Put money in your 401(k). (I will use “401(k) as a surrogate for all retirement savings plans: 401(k), 403(b), SEP, SIMPLE etc.) I’m not against 401(k)s. Actually, I’m a big fan. However, I think the advice is wrong.
Here’s my message: Save 10% of your income. …
About 50 million people own 401(k)-type retirement plans, and the percentage of workers with defined-benefit (pension) plans has been dwindling for years. One problem with 401(k) plans is that many plans don’t disclose their fees openly. That would change if Congress moves forward with a bill currently awaiting action in the House of Representatives.
Even if an investor knows how to invest for retirement, the unavailability of a good 401(k) plan can still thwart good retirement planning intentions. From time to time, personal finance magazines publish articles on how to …
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