Your 401k Contribution Limits Count Learn About 401k Contribution Limits With everything you have to worry about why would you care about 401k contribution limits? Well, why do you invest into your retirement account? Most likely because you do not want to work forever. Someday you want to retire, right? The reason you put money into any investment is to … Read more
401k Contribution Limits Are Not Important 401k Contribution Limits As Mere Numbers Unless you have the instinct to save and invest, 401k contribution limits will mean very little to you. Without the knowledge and acceptance that you will need 40 working years to save for 30 retirement years, 401k contribution limits are just figures listed within your employee manual. … Read more
Do You Always Benefit From Maxing Your 401k Contribution Limits? Before you answer that question you need to review your personal financial circumstances and goals. There are situations when maxing out your 401k contribution limits will be of great financial benefit to you; however, other situations may be a financial setback. Here are 3 situations when you … Read more
When someone talks about 401k laws or 401k rules the tendency is stop in your tracks because it sounds so alarming and restrictive. But you should not be alarmed because 401k laws and 401k rules just address basic issues that investors should be aware of; they are actually designed to protect you as an investor. If you are aware, you will … Read more
How To Get Ready For Retirement If you want to get ready for your retirement, the question you need to ask yourself is whether you will be financially ready to retire when you are mentally and emotionally ready? It takes money to be able to retire, not just desire. Prior generations retired based on age, … Read more
The 401k rollover rules, distribution rules, deductions and 401k contribution limits seem so complicated and yet they were all created by the government to be relatively simple to follow. But they are not simple, they are complicated so we will break down each rule for you. If you know the rules and how they apply to you, then you should … Read more
Financial Advice For Retirement Survival Financial planners strongly suggest that you to start planning for your retirement years as soon as you start your first job. Even though that sounds a bit drastic, it is very good advice; to survive your retirement years, you will need a lot of money and accumulating a lot of money takes a long … Read more
Can annuities work to your benefit as a source of funds at retirement? Some financial planner say that annuities can work – but others say not. You will need to make that call. We want to help you make that call by talking about the sources you could have available to pull your income from … Read more
So you want to be a millionaire by the time you retire, is it possible? Yes, yes, yes…if you work at it. Every millionaire started with financial basics. Every millionaire first achieved financial fitness and you can too. Wealth is the result of your hard work, your financial habits and your self-discipline. Tips On How … Read more
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
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
How do you know if the 401k advice you get from your retirement planner is on track? One way to be sure your planner is heading you in the right direction is to see if the advice is built around your personal financial situation. Everyone’s financial life is different, we all have different financial goals, objectives and … Read more
To become a better investor you need to know the current 401k rules. You should start by making yourself aware of the 401k rules most often referred to by 401k participants: 401k contribution limits, 401k distribution rules and 401k early withdrawal rules. All these 401k rules were established by the Internal Revenue Service (IRS) and … Read more