If one has a 401K at work (or other type of retirement plan), it allows one to put money from their paycheck automatically and put it in an account for retirement down the road. This is a form of automatic investing. It doesn’t require a lot of thinking (Once it is set up) and can…
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5 Key Benefits of a 401k Rollover to an IRA When changing jobs, a lot of people ask: What do I do with my retirement account now that I have a new job? Is it better to leave my 401K with my old company? Are there advantages from moving a 401K to an IRA? Will…
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So where should you put your money — invest in a 401(k) or save for a house? What is your ideal retirement strategy? Is trusting the stock market will go up over time the right path, or is opting to invest in the solid tangible asset of a house a better bet? For a lot of people, investing…
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So, you realized you contributed too much to your 401k. The good news is this can be remedied, but you will need to follow several steps and act quickly as there is a deadline before additional taxes may be due. What is the annual 401k contribution limit? The IRS sets the maximum allowable employee contribution…
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I decided pretty early on that I don’t mind a little risk when it comes to my finances. As one controversial example, I don’t have a 401k. People say I’m “leaving money on the table.” But the “free” money I get from my employer, to me, doesn’t outweigh the cost of not being able to…
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It’s not a simple matter of flipping a switch and allowing cryptocurrencies in plans. Because these are alternative investments, the plan sponsor will need to learn enough about them to make an informed decision. This content was originally published here.
Read article(oscarcwilliams/DepositPhotos.com) Mercedes Benz employees missed out on 401(K) earnings because the company mismanaged the fees on the account, according to a lawsuit filed by two employees who participate in the company plan. The plaintiffs say the carmaker’s financial mismanagement resulted in more meager retirement accounts for its employees primarily because Mercedes Benz used high priced record…
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Market volatility and trading volumes reached new levels recently. Making smart, confident investing decisions means having a plan — not just in the coming days but for the long term. For many individuals, this includes participating in an employer-sponsored 401k plan as part of a retirement portfolio. One of the most widely used investment vehicles…
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It’s been around for a while, but NetFlix et al have made ‘binge-watching’ a social norm. Is this habit about to trickle down into 401k education and financial literacy in general? This content was originally published here.
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I love my 401k! If your employer offers a 401k plan, don’t hesitate to take advantage of it. Actually, I like the 401k so much that I think it should be the first investment anyone makes. I started contributing to my 401k in 1996 when I got my first full-time job right out of college.…
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