401k retirement plans can sometimes seem overwhelming; and that’s unfortunate because they should not be. But when you just have a vague understanding of what you can and cannot do, it can feel overwhelming. Your 401k plan will seem complicated if no one ever took the time to explain the basics. It can get quite frustrating when you have questions but you’re never … Read more
The purpose of your 401k investment is to help get you ready to retire at the lifestyle level that you are planning for and dreaming about. When you take out 401k loans against the balance of your 401k investment you are defeating the entire purpose of your 401k investment. Your 401k account is not a revolving savings account … Read more
Many 401k plans today provide participants with a financial planner or a retirement adviser. If your 401k company provides you with professionals like that, take advantage of the opportunity to work with them. The advice they give you could improve your financial health. It makes good financial sense to have a team of advisers; each team member providing you different expertise. … Read more
You’re not putting money into your 401k retirement account for the heck of it, right? You want your 401k account to grow and grow so that at retirement you have enough money to afford the lifestyle you have dreamed about, right? To make your 401k account grow faster, you may need to make a few … Read more
You want to start making a 401k account contribution. You know that a 401k account is a good thing. You know that contributing to a 401k account is the right thing to do. You also know that social security will not be there for you when you retire; so you will have to completely depend … Read more
Before you hire a retirement planner interview them to make sure they actually specialize in retirement planning so that they can properly advise you on all details of retirement accounts, big details as well as small details. A good financial planner is not necessarily a good retirement planner. Not all financial planners may have the … Read more
You have heard the advice before, so we will only repeat it once, to get ahead financially you must investment; preferably in a tax-deferred retirement investment. To get ahead financially you should be investing as much as you possibly can into a 401k account and or an Individual Retirement Account. Now that you have worked … Read more
Your ability to save for your retirement and defer paying the taxes on that investment money until you retire is the benefit of investing into a 401k account. Very few other investments allow you that tax deferred benefit. But since all 401k plans are not designed the same, you need to learn about the basic … Read more
With everything going on in your life, you may not think details about your 401k account are that important. Ahhh, but they are. Your financial health depends upon the small, seemingly unimportant details of your 401k account. We have highlighted for you the details that are important to know. 401k Details That Affect Your Financial Health 401k … Read more
401k retirement accounts have one true purpose and that is to help you save for your future. This is where some investors have a conflict. 401k retirement accounts were established by the federal government to allow investors to put money away for retirement on a tax deferred basis. 401k’s are not meant to pay for immediate financial needs; that’s what … Read more
When you need money for emergencies and you have depleted your other resources, you might be thinking about taking a loan out against your 401k retirement account; that would not be your best idea. Retirement plans were originally established by the federal government as a way to help individuals save for retirement on a tax … Read more
Due to the increase in company downsizing financial institutions are seeing an increase in 401k IRA activity. When you are downsized or leave a job for other reasons, you have four options on handling your 401k account balance. You can leave it with your prior employer, cash out your 401k retirement account, roll over the account balance to an … Read more
Are you planning for your retirement the right way? Proper retirement planning means the difference between having a great retirement and a retirement where you will have to keep working. How are you planning? How are arriving at the amount of money you will need to accumulate before you end your career to be able … Read more
Retirement financial advice on retirement accounts such as 401 k plans, Traditional IRA plans and Roth IRA account should be reviewed differently. Each of those investment vehicles have different tax consequences and eligibility rules. 401k retirement plans, Traditional IRA plans and Roth IRA accounts each have different advantages depending upon your income level and your personal financial needs. Your income level … Read more
If you want to retire someday – you need to start thinking about where your retirement income will come from. Unfortunately there are no retirement fairies that will hand you money when you feel like retiring. The Social Security Administration used to be the retirement fairy; but that is becoming more and more unreliable as a … Read more
Are you financially ready for your retirement? You want to be ready, don’t you? Or do you want to be one of those individuals who have to keep working when they retire? Since we are living longer now a days, retirement for most of us will be one of the longest periods of our life. For some … Read more
Good retirement advice can cover a broad spectrum of topics, including 401k’s, IRA rollovers and IRA investments in general. But good retirement advice should not just reflect on retirement investments. Good advice should also be about your financial habits. This is for the simple reason that how you handle your money today determines what your retirement will look like. … Read more
Everyone is looking for the best retirement advice. Investors want to know about the easiest and fastest way to get ready for retirement. Investors looking for that silver bullet will be disappointed because there is no silver bullet when it comes to preparing for retirement. Retirement prep is a process. It begins when you start your career and … Read more
When you change jobs you have lots going on. And you also have a lot of decisions to make. Some decisions are more important than others of course. One decision that may not seem too critical but is quite important is what to do with your 401k retirement account. The reason this decision is rather important is because of the financial … Read more
If you want to retire some day, like you say you do…it will take a real commitment from you to prepare for your retirement, financially speaking that is. The investment choices are there for you; IRA’s, 401k retirement plans and annuities, just to name a few. However, your investment choices may be the easier part, the more … Read more