Answering the question of whether or not “401k is enough to retire” is rather dicey since it is influenced by many factors. However, I can assure you that it is better to plan than no plan at all as the cost of the latter is always greater than the former. For those you may be…
Read article
Is It a Bad Idea to Borrow from My 401(k) to Get a House? “Should I borrow from my 401(k) to get a house?” is a question that comes up quite a bit, especially with first-time homebuyers. It’s understandable because it can be difficult for many first-time homebuyers to accumulate enough savings to make a…
Read article
If you’ve been investing in 401k, IRA and other retirement accounts for years, you’ve probably noticed that the amount of your retirement savings has fluctuated, sometimes significantly. This is due to a variety of factors. For example, a single political event can cause a significant market correction. When you invest in precious metals, you are…
Read article
Today, in reading some of the headlines, you’d think they’re greater than sliced bread. They may be. They may not be. Still, there are differences, and 401k plans sponsors would benefit from practicing the utmost in due diligence when determining if CITs are the right fit for their plan. This content was originally published here.
Read article
Miami’s Bitcoin-loving mayor, Francis Suarez, told a reporter at Real Vision’s Takeover event in Las Vegas on Friday that he’s planning to take some of his 401K retirement in his favorite cryptocurrency. The news comes a month after his reelection. Back then, the 41-year-old mayor announced he’d take his next paycheck in Bitcoin. True to…
Read articleMany employees in the private sector, when left to their own devices, either save very little in the company retirement savings plan or don’t even sign up for it. But a growing number of companies have revamped their 401(k)-style plans over the past two decades to strengthen the incentives for employees to save. While progress…
Read article
7 Things That May Maximize 401(k) Performance in 2022 Looking for a way to get ahead on 401(k) retirement savings this year? Check out the list below of 7 things you can do today to help maximize 401(k) performance in 2022. #1 Don’t Stay with the Default Plan More and more employers are automatically enrolling…
Read article
Referring to 2021 as “The Great Resignation” isn’t an exaggeration. An average of almost 4 million resignations took place every month in 2021. Many of these resignations left abandoned retirement accounts. However, you can leave your job and take your retirement money with you. As employees jet out, they could be leaving behind more than…
Read article
Are You Saving Enough to Cover These Retirement Expenses? When it comes to retirement planning, there is often a big discrepancy between how much money people think they need and how much they actually need. And so, year after year, investors fund their retirement accounts based on how much they can afford to save now,…
Read article
If you’re confused by your 401(k) plan, you aren’t alone. According to a J.P. Morgan 2021 Defined Contribution Plan Participant Survey, 401(k) investors are “overwhelmed and unsure about the various aspects of retirement planning.”¹ In fact, 52% feel they are presented with more plan information than they can absorb.² Perhaps this is why 51% of…
Read article