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

THE TAKE-AWAY: What is a 401(k)? It's a plan that lets you set aside money from your paycheck into a 401(k) account and invest it in the market. The idea is that the value of the stocks and bonds you invest in go up over the years you spend working ... read more

What's the Difference Between a Pension and a 401(k)?

Today, more than 50 million workers participate in 401(k) plans, and there were more than 500,000 plans in existence as of 2015. Total assets in 401(k) plans topped $5.2 trillion at the end of 2017. That's a lot of money, but what does the typical 401(k ... read more

Julie Jason: Plenty of questions when it comes to 401(k)s

These products could be a suitable option for some ... here https://pressroom.vanguard.com/nonindexed/HAS18_062018.pdf If you are participating in a 401(k) plan at work, please participate in my current reader survey. This week’s question: “Does ... read more

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Being healthy is never a bad thing ... until it makes you financially sick

Here’s how to get both your finances and your fitness working in your favor. There’s little debating that being healthy does often require some financial investment ... that includes your 401(k) or other retirement plan, emergency fund and Health ... read more

How to rescue retirement

Download a copy of the report here. Step No. 1 of that overhaul is to make a 401(k)-style plan ... some or all of their 401(k) accounts into a defined benefit, then 401(k)s could provide the same reliable monthly check that Social Security does. 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 understand the basics ... (which the IRS does not define ... read more

Rating Your 401(k): Is Your Employer's Retirement Plan Good, Bad, or Ugly?

Here's what you should do to figure out whether you have a good, bad, or awesome 401(k) plan. It all starts, No. 1, with the fees. It does cost money to ... because if you work for an employer you have some bargaining power. You might have great funds ... 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 available to anyone who works for themselves and does ... read more

Here’s How Much You Should Have Saved by 30

Break your goal down into small pieces like this and you might find it’s something you can at least work your way up to. If you have a 401(k ... does matter to you is long-term growth, and that’s what you get in the stock market. » Need more details ... read more

How Retirement Planning Can Help You Save for the Future

Here’s what you need to know. A retirement plan is exactly what it sounds like ... which is the most effective way to leverage all that 401(k)s have to offer. Just keep in mind that the IRS does put a cap on how much you, as an individual, can ... read more

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