What Is A 401(k) Plan And How Does It Work? Here Are Some Basics | Latest News RSS feed

What Is A 401(k) Plan And How Does It Work? Here Are Some Basics - Latest News

What 401(k) Savers Don't Know About Their 401(k)s

Questions about tax rules, 401(k) basics and financial terminology account for about 63% of the questions our AI receives. They were things like: How much money do I need to save to get a match? How d... read more

How To Get That Employer 401(k) Match Money If You Are Employed And Broke

Defined benefit pension plans ... does not contribute the amount required to get the full company match in their 401(k). You do not have money? No worries. I lay out below a simple plan to get ... read more

A Guide to Vesting in Your 401(k) Plan

[Read: How Long Does ... some employers have a more black and white vesting plan in that there is a certain length of employment required to have access to any of the matching funds." Depending on you... read more

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Adopt these resolutions for 2019 and change your life for the better

While it’s always great to start with the basics, like setting a ... Fortunately, many employers offer some form of professional, third-party advice as part of their 401(k) plans. There are plenty of ... read more

Need a Retirement Income Plan? Here's Where to Start

If you decide to retire early — before age 59½ — you probably won’t be able to access some of your assets (money in a 401(k) or IRA, for example ... And it’s why when our office does a financial plan, ... read more

6 Money-Saving Tricks That Actually Work

If you want to jump-start your savings, you can follow these six money-saving tricks that actually work. If your employer offers a 401(k), 403(b), TSP, or similar retirement plan, it can be one of ... read more

How You Can Become a 401k Millionaire

How much money does ... take work, discipline, financial savvy, and years of investing. Once you understand that, you’re ready to start your journey toward becoming a millionaire in retirement. Here a... read more

How are 401(k) Assets Split in a Divorce?

Some states follow “community property” standards. This means your 401(k) is seen as joint property that both you and your spouse own. In such a case, the court generally splits contributions to the p... read more

The Basics of 401(k) Hardship Withdrawals

If you're in a financial bind, it can be tempting to tap into your 401(k) plan to make ends meet. However, hardship withdrawals can end up creating more hardship down the road, so you should understan... read more

Why you might want both a traditional 401(k) and a Roth

For those reasons, and some others, splitting your retirement savings between a traditional 401(k) and a Roth ... and a Roth IRA. "It does come down to the taxes," says Catherine Golladay, senior vice ... read more

Furloughed federal workers may be eyeing their thrift savings plan to make ends meet. Here’s why that should be a last resort.

One pot of money some may be considering tapping is the Thrift Savings Plan (TSP). It’s the federal version of a 401(k). There are two ways for workers ... However, the TSP does not need documentation ... read more

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