When I started investing for my retirement, the advice was so heavily in favor of Roth accounts that that’s what I did, but I’ve begun to wonder if I should be contributing to a traditional 401k instead? I got a new job this year and now make $80k/year. I max out a Roth IRA and…Read article
Borrow From Your 401k. Borrowing from your own your your retirement plan varies from making a withdrawal.
Borrow From Your 401k. Borrowing from your own your your retirement plan varies from making a withdrawal. Borrowing from your own retirement plan is significantly diffent from making a withdrawal. You withdraw $5,000, your balance drops to $45,000 if you have $50,000 in your plan and. One other $5,000 switches into your pocket, you spend…Read article
How 401k Plan Sponsors Can Best Help Employees Think About And Define What A ‘Comfortable’ Retirement Means | Fiduciary News
As with many things, hands-on instruction is generally the best way to achieve this, especially if you make it into an engaging workshop that’s all about the employee and the employee’s dreams, not about the plan. This content was originally published here.Read article