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

To Plan or Not to Plan ... That is the Question

Save for dental work. Medium-term goals: Two to five years. Example: Save for a new car. Long-term goals: Five years or longer. Example: Save for retirement. Break down the larger goals into bite-size ... read more

Benefits of a Cash Balance Plan for Retirement Savers

Here's an example of how a 401(k ... plans. If you're looking for a tax-advantaged way to set aside some of the tax dollars you now have as a result of the TCJA, it might be a good time to look closel... read more

The 401(k) Program Is In Shambles And Is Not Serving Americans

That does not mean ... in the wrong direction. Here's the damage in dollar figures. The infographic then goes on to state that Teachers and Nurses with their 401(k) plans typically pay the highest ... read more

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5 Questions You Need to Ask About Your New Employer's 401(k)

You forgot to dig into the details of the plan. Many people mistakenly believe that one 401(k) is as good as the next, but that's not the case. Here are a few questions ... There are two ways this mig... read more

Teaching people about money doesn’t seem to make them any smarter about money – here’s what might

Some promising new ideas such as “just ... many employers have shifted the default setting on contributions to 401(k) retirement-savings plans from opt-in to opt-out. In this case, if the employee doe... read more

We’re a middle-class black family. Here’s why we’ve skipped our local schools for now.

We visited seven pre-K options in total (four within our district) and it was illuminating. At some ... does not work for black kids. On the tours we noticed that the majority-black schools were focus... read more

Strategize Now to Avoid a Nasty Tax Surprise in Retirement

To do that, you’ll have to think beyond the basics — beyond today and your tax-deferred IRA or 401(k ... but if she does, she should have a bit of a cushion before she hits the next tax bracket. She a... 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

How to save for retirement without a 401(k)

Making contributions lowers your taxes, and some employers even match the amount you save. But a third of private sector employees don't have access to a workplace retirement plan ... 401(k), is avail... read more

Strategize With Clients To Avoid A Nasty Tax Surprise In Retirement

To do that, you'll have to think beyond the basics -- beyond today and your tax-deferred IRA or 401(k). Your goal should ... efficiency to your retirement plan. Here's how one of my clients ... read more

Here’s what you should do when you don’t win the Mega Millions jackpot

He raps about 401(k)s, sharing Netflix ... Their salary and bonus at work (14%), how much debt they have (13%), how much savings they have (9%), their household net worth (9%), how much they have inve... read more

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